So here we are a year into the Greyfly journey. One of the things we always do when meeting a new client that is looking to grow is to undertake a business risk assessment. This has helped us to identify an aggregated view of the common risks that prevent business growth.
Actually, when you undertake project risk management techniques, what it really does is also allow you to prioritise risks so you can utilise your valuable time to “Do the Right things at the Right time!” So, for some time, we have been wondering how we could share this valuable knowledge with others whilst improving the quality of the information in the first place? This thought coupled with our love of modern technology lead to the development of our little machine learning-based system.
We have now launched a system that in just a few minutes allows executives to appraise their company and generate their own business risk assessment. This assessment is based on both their view of their company but also compares to the benchmark data created from all of those that have previously completed the assessment. It is already showing great results and allowing executives to prioritise their time but better still, the more people that complete the assessment the more enhanced the benchmark becomes!
Don’t worry, for those soothe sawyers amongst you, we have built in numerous checks and balances to make sure we are truly creating a valuable knowledge base and not the case of garbage in and out. I hear you still wondering why do I need to conduct a business risk assessment in my business? Well here are a few further obvious benefits to doing so:
- OPERATIONAL FOCUS: Risk management will provide you the insight to identify which tasks your company should be prioritising
- REDUCED RISK: While it might sound silly, but if your business understands its risks it will reduce its risk of failure
- IMPROVED EFFICIENCY: When risks are mitigated and barriers eliminated this will in turn boost efficiency
I know some of you might question whether this is suitable for you company. Well this business risk assessment provides value to not only executives, but also founders and directors of companies looking to grow. So why not spare the less than 10 minutes it takes to complete your risk assessment? However [yes there is always a but!], I hope you understand, the one thing we haven’t done is to share with you the specific ways to manage the key risks you identify…this is also something we are building through knowledge and practise.
For you to obtain the fast track to this information you will need to either attend one of our regular training seminars or you will have to get in touch to discuss how Greyfly can support your company’s growth…. You can undertake your Business Risk Assessment simply click here… If you would like to know more and create your company’s risk management plan, Greyfly is delivering a Managing Business Risks seminar in Bristol on the 7th of February. Click here if you’d like to find out more about the course Business West members will receive a £15 discount. Get in touch to gain discounted link or to book on normally please visit: https://greyfly-managing-business-risks-feb.eventbrite.co.uk
About the author
Lloyd completed a Masters in Information Systems at the London School of Economics and Political Science (LSE). His early career was in Project Planning for Telco and Utility companies before moving onto defining and establishing the Programme Office functions across various corporations including implementing end to end project methodologies and control processes. Lloyd then progressed into Project and Programme Management and was, for example, responsible for full programme life cycle management of Roath Lock Studios (value c.£90m) which was held up by the BBC as its best in breed project when it was delivered on time, under budget and with increased benefits. He was also responsible for the Business Case for the new BBC Wales Broadcasting House. Lloyd is now the CEO and Founder of Greyfly and is also a mentor at the NatWest Entrepreneurial Spark and is the curator and host of the BCS Chartered institute of IT (Bristol branch) series of Technology talks.
About Greyfly
Greyfly services centre upon business planning, project delivery and talent development. We focus on supporting clients to “See the Wood from the Trees”. We complement existing teams by providing expert external support resource. Our business advice is based upon expertise in results-driven delivery. As external business advisors, our team can work with you to determine plans for growth, cut costs, implement projects or develop staff. We create realistic and achievable business plans for companies but also support them through to success. We only work with ambitious and/or reflective clients who are looking to grow or know help Is needed to be turned around and we always build long-term relationships based on trust, respect and mutual success. Visit Greyfly.co.uk for more information.
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