Title: Integrating soft and hard risks

Authors: David Blockley, Patrick Godfrey

Addresses: Department of Civil Engineering, University of Bristol, Bristol, BS8 1TR, UK. ' Faculty of Engineering, University of Bristol, Bristol, BS8 1TR, UK

Abstract: All organisations need continually to improve and make efficiency savings without introducing unacceptable risks. Savings can be made by new collaborations and sharing at the interface between processes. Processes are what people do and so we use them to deliver value. We can also think and use process differently to improve performance. To identify added value we use a process map which shows how processes relate to each other to integrate various data such as risk registers, KPIs, people and even departments. To do this we use processes as a central spine or skeletal structure to which we associate all data and attributes. This way we expect to align to purpose, unify and simplify, to reduce waste and enhance learning. The role of new process maps and the Italian flag of evidence in adding value are briefly presented.

Keywords: best value; evidence; infrastructure; measurement; probability; process mapping; quality; soft risks; hard risks; soft systems; voting; risk registers; key performance indicators; KPIs; risk assessment; risk management.

DOI: 10.1504/IJRAM.2007.014659

International Journal of Risk Assessment and Management, 2007 Vol.7 No.6/7, pp.787 - 803

Available online: 23 Jul 2007 *

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