CFO Workshop Series: Risk Planning

Description

Why this is important

Dan Kelly, CFO of American Family, launched this initiative in our successful pilot on risk management, “What Else Could Go Wrong?” 

The pilot group wanted to continue working together, structured around a simple tool for communicating risk issues to fellow executives and the board.

This six-part series will help cohorts of five to six CFOs create a 360 Risk Summary for their businesses.  CFOs are expected to foresee big risks and to know how to mitigate them.  The peer-to-peer structure is the most effective and efficient learning model.

What you’ll learn

• How to build a 360 Risk Summary and not miss any big risks
• Ideas about risks and mitigation from other sectors
• Techniques for communicating and working with executives and boards
• The GMs Index, the universal language of management (www.theindex.net)

Why this series is better

• Small group:  Not a 1-way lecture, and peers hold each other accountable for results
• Fresh perspectives:  The cohorts include peers from different sectors
• Hands-on learning:  Builds the practical 1-page 360 Risk Summary
• Standards-based:  Replaces jargon with the standard language of management
• Life-long learning:  Participation and networking in The Center’s Workgroups

How it works

There are six 75-minute sessions, one every other month.  In each session, the cohort populates one of the six rows of the 360 Risk Summary, working on a risk type they select.  They share ideas about the risk’s probability and consequences and how to mitigate it using the Accept, Shed, Insure, Share (AS-IS) rubric.  By the end, they’ll have completed their Summary. 

Your commitments

Participants are expected to stick to this commitment and to work on their own Summary between sessions, preferably with cohort members.  Some one-to-one coaching is provided.

Sponsor:  Michael Best