AWARENESS-BASED RISK MANAGEMENT ™ (ABRM)

Awareness-based risk management™ (ABRM) is a comprehensive process that drives a shift in an organization’s risk management perspective from one that is compliance-based to one that is based on resilience, positive impacts, and building a culture of health. The ABRM process emphasizes developing an awareness of the whole—a 360 perspective. Central to this process is gaining an understanding (awareness) of the following:

• • How risk is thought of, defined, assessed, managed, and controlled in the organization.
  • The organization’s risk profile—the width, breadth, depth, as well as physical and non-physical elements of the risk profile. Physical elements include policies, procedures, and systems where as non-physical elements include mental models, culture, and communication.
  • The risk management decision-making process.
  • What is driving the decision-making process.
  • The skills, methods, and structures that support innovation and leadership.

The ABRM process contains a Risk Awareness Matrix that defines the organization’s risk maturity and the risk realms that drive risk decision-making. This matrix establishes a framework and context for upgrading existing systems and measurement practices.

To explore other areas of Institute research, click on the links below:

• Risk as a Generative Social Field
• Culture of Health for Business (COH4B)
• Risk Decisions Making