This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
Our recent Risk Art Class webinar raised the question of whether risk bow tie analysis can be framed as 'mutually exclusive and collectively exhaustive'. The short answer is that it isn't – but MECE is an interesting additional way to conceptualise your risk framework, particularly when considering how you build risk taxonomies.
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