Step 3.2 Opportunity Risk 

                  Assessment

The steps involved in opportunity risk assessment are such as:

  • Horizon Scanning via Risk & Opportunity Radar

  • Scenario-based Business Investment Risk Assessment

  • Selection of Opportunities for Strategy Development

The Risk and Opportunity Radar is designed to give Chief Executives a global view of events likely to impact their business in the short term and the long term.

We have identified three organizations currently providing software supporting Risk and Opportunity Radars. They are

 

An example of a Risk and Opportunity Radar from Futures Platform is shown in the image below. The color codes indicate varying degrees of importance of future events.

All of the data can be verified by source.

Futures Platform Radar.png

For further information on the Futures Platform Risk and Opportunity Radar, click here.

Scenario-based Business Investment Risk Assessment

Once Chief Executives are comfortable with their global view, they can then pay direct attention to specific investment opportunities for which they need to make "Go-Nogo" choices. If "Go", the specific investment opportunity will be subjected to thorough strategic planning.

 

An overview of this method is shown in the graphic below:

SCENARIO.png

Using this method, Chief Executives and their colleagues can discuss, for any particular opportunity:

  • The top 20 impact events and their interactions with each other

  • The trend of each event

  • The arithmetic sign of each event (is it good news or bad news for the project)

For more information on Scenario-based Business Investment Risk Assessment, contact us.