Skip to main content
Please wait...

People Risk is an aspect and element of Operational Risk in any industry or enterprise. In many the People factor and Human Error element has been reduced to be almost nonexistent. Given a statistical base such as Airlines Travel or Industrial Automation the risk from an Operational Internal Perspective is nearzero.Automation having its own risk is a different and NOT related to People Risk. · However, in many industries, especially service Industries the People element and Human Error is ongoing, constant, difficult to quantify, is moving all the time, attrition, retirement, newrecruits, skillschanges,groups or mobs create different risks, and even changes within one individual over time. · The Behavioural aspects are more an ‘art’ and aligned to HR rather than a science. Statistics, bellcurves and exceptions are the rule. · It’s all very complex and difficult to action and execute. Deploy, Train or maintain with consistency. · For all the above reasons in almost all current business models, offerings related to ERM (Enterprise Risk Management), GRC (Governance, Risk & Compliance) the People Risk has been reduced to a tickitem. · Commonsense and daily news tells us otherwise. It’s the individual who creates maximum risk. The CEO with an ego; the Board in cahoots with Stakeholders; The CxO who walks away with a team; The department Head who stole the design; the Caption changing a navigation plan to show off to his girlfriend; the exprogrammer who plants a virus; the shopfloor worker who stole a million dollars worth of Mobile Phone PCB’s … and the the unknown hidden shenanigans that most Corporates do not want to admit BUT would love to track. To read more on this, please download the white paper and related product brochures.