Risk Culture and Organizational Considerations
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Speaker : DR. MARK BOJEUN
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When : Friday, December 08, 2023
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Time : 01 : 00 PM EST
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Dr. Mark Bojeun, Ph.D., MBA, PgMP, PMP, PMI-RMP, is the author of "Program Management Leadership: Creating Successful Team Dynamics" and has more than 25 years of experience in providing strategic management and leadership through portfolio, project and program management. His experience includes developing and managing multi-million dollar portfolios, facilitating the achievement of strategic objectives and creating best practice processes for program and project management offices (PMO). Dr. Bojeun is the Chief Technology Officer at Project Concepts (www.pconcepts.net) and speaks around the globe on leadership, team building, emotional intelligence and program/project management. Mark writes about business intelligence and business requirements. See Mark's Articles.
In this concise 60-minute discussion, we will delve into the heart of risk culture and its profound impact on organizational outcomes. We will explore how risk culture is shaped by leadership, communication, and cross-functional collaboration. By fostering a culture where risks are openly acknowledged, individuals are empowered to seize opportunities and navigate challenges effectively.
Areas Covered
- Defining Risk Culture: Understand what risk culture entails and how it influences organizational behaviors and decisions
- Leadership's Role: Explore how leadership behaviors set the tone for risk culture and how to secure buy-in from top management
- Cross-Functional Collaboration: Discover the importance of breaking down silos to manage risks holistically across departments
- Effective Communication: Learn how transparent communication and knowledge sharing drive a proactive risk culture
- Rewarding Risk-Intelligent Behavior: Discuss strategies for recognizing and incentivizing risk-aware actions
Course Level- All
Who Should Attend
Professionals across industries seeking to amplify their project management prowess should join this discussion. Project managers, team leaders, communication experts, and anyone who understands the pivotal role of stakeholders in project success will find immense value.
Why Should You Attend
In this session, lasting just 60 minutes, we will explore the tangible and transformative value of effective risk communication and stakeholder engagement. From real-world examples to actionable insights, you will gain the tools to navigate complexities, mitigate challenges, and foster stakeholder collaboration like never before.
Key Points:
- Clear and Impactful Communication: Discover how conveying risks clearly and comprehensively empowers stakeholders to make informed decisions and align with project goals.
- Stakeholders as Partners: Learn how to transform stakeholders into active partners, leveraging their insights and expertise to enrich risk assessments and outcomes.
- Tailored Messaging for Success: Uncover the art of crafting messages that resonate with different stakeholders, boosting engagement and buy-in across the board.
- Navigating Transparency and Confidentiality: Delve into the delicate balance of transparent communication while safeguarding sensitive information, addressing opposing sides of the equation.
- Conflict Resolution and Trust Building: Explore how effective risk communication can resolve misunderstandings, mitigate conflicts, and build trust that fortifies your organization's reputation.
Topic Background
Greetings, esteemed colleagues, and welcome to this round table discussion on "Risk Communication and Stakeholder Engagement." I am thrilled to facilitate this engaging session where we explore the critical nexus between effective communication, stakeholder involvement, and successful risk management. In today's complex and interconnected business landscape, these factors can make all the difference in project outcomes.
- The Power of Clear Communication:
Risk management is a team effort that involves multiple stakeholders, each with their own expectations, concerns, and insights. The ability to convey risks clearly, transparently, and comprehensively is paramount. Effective risk communication ensures that everyone understands the potential impacts and the organization's approach to mitigating them.
- Engaging Stakeholders as Partners:
Stakeholders play a pivotal role in risk management. Their diverse perspectives can uncover blind spots and enrich risk assessments. Engaging stakeholders as active partners not only enhances risk identification but also fosters a sense of ownership and commitment to the mitigation strategies.
- Tailored Communication for Different Audiences:
One size does not fit all when it comes to risk communication. Different stakeholders require tailored messages based on their level of expertise, interests, and influence. Crafting messages that resonate with various audiences maximizes understanding and buy-in.
- Transparency vs. Confidentiality: Striking the Balance:
Openness in risk communication is essential, but organizations often grapple with the balance between transparency and confidentiality. While stakeholders seek transparency, sensitive information might need to be protected. Finding the right equilibrium is a challenge.
- Resolving Misalignment and Conflict:
Effective risk communication can help prevent or address stakeholder conflicts arising from differing risk perceptions. By fostering a common understanding, organizations can mitigate misunderstandings and build stronger relationships.
- Organizational Trust and Reputation:
Transparent and effective risk communication enhances an organization's credibility and trustworthiness. On the contrary, mishandled communication can erode trust, leading to reputation damage.
- Discussion Questions
Question 1: Transparency vs. Confidentiality
- Opposing Sides*: How much information should be shared openly with stakeholders? Is it possible to ensure transparency without jeopardizing confidential data? - Question 2: Stakeholder Buy-In vs. Efficient Decision-Making
- Opposing Sides*: Is spending additional time on stakeholder engagement worth the potential slowdown in decision-making? How can organizations strike the right balance? - Question 3: Tailored Communication vs. Consistency
- Opposing Sides*: Is it better to maintain consistent risk communication across all stakeholders, or should messages be tailored to each audience? Does tailoring risk messages risk causing confusion? - Question 4: Risk Communication in Crisis
- Opposing Sides: Should organizations communicate risks openly during a crisis, risking panic, or should they maintain a more controlled message to prevent chaos? - Question 5: Risk Communication in Sensitive Industries**
- Opposing Sides: How can industries with high regulatory or security concerns balance the need for transparency with the necessity of safeguarding sensitive information?
These questions delve into the complexities of risk communication and stakeholder engagement, touching on varying perspectives and potential challenges. As we dive into these discussions, let's explore innovative solutions and share our experiences, fostering a deeper understanding of how effective communication can truly transform risk management outcomes.
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$160.00
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