Understanding Risk Controls for Safer Outcomes

 In today's episode, we explore the concept of "Alert Levels" or "Triggers" and how they play a crucial role in monitoring the performance of risk controls.

We discuss insights into the challenges faced by organizations in measuring against objectives and achieving desired outcomes. Drawing parallels to gauges in a cockpit or a car, Dr. Starke explains the importance of monitoring risk controls to ensure their effectiveness in reducing potential consequences. Learn valuable tips on setting appropriate alert levels, whether through the standard deviation method or subjective analysis, and how they trigger investigations into adverse trends.

Resources:
Never/Zero Thinking by Steven Shorrock
Data Analysis Course from BaldwinVirtualTraining.com - Course teaches how to figure standard deviation and more about data analysis you can use in your role. 

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Thanks for listening and stay safe!