Objective-Centric Risk & Resilience Management
In the first layer of Strategic Risk & Resilience Management, leadership sets direction. As discussed in the previous blog on Strategic Risk & Resilience Management, strategy establishes ambition, guides capital allocation, shapes market choices, and authorizes transformation initiatives. Together, these decisions clarify where the enterprise intends to go.
But strategy by itself is aspiration. It becomes real only when it is translated into objectives:
- Growth targets
- Service availability commitments
- Sustainability and regulatory obligations
- Customer experience expectations
- Operational performance thresholds
Without objectives, strategy remains conceptual. With objectives, it becomes measurable.
This is where risk and resilience need to be more closely aligned with performance.
Too often, once strategy is established, performance management and risk management operate on separate tracks. Objectives are monitored . . .
[The rest of this blog can be read on the Fusion Risk Management blog, where GRC 20/20’s Michael Rasmussen is a Guest Blogger]