Talking Risk

That sounds reasonable; so we have a ‘very high’ impact score of 4 based of the reputational risk. Now what’s the likelihood?

Well from what the Accounting pardner was saying, it sound like he don’t make joke eh! If it have bills to pay – he paying them! So it’s very unlikely that the bills will be paid late.

So why should he be stressing about bills he ain’t get?? That’s like my brother worrying about going IMF and he know he ain’t got no visa.

Yes, but remember it’s not them alone dealing with the bills. What if the bills don’t get to Accounting on time?

All I am saying is that before we rush to say ‘very unlikely’, look at the whole process and see if there are any gaps. There may be areas for improvement, so I would say ‘likely’; at least for now.

So you think the man who waiting for his money going be saying “ well I know the pardner in Accounting really want to pay me, but ain’t really he fault; is because they didn’t send across the bill in time to pay” ?

So what you trying to say, he must go look for the bills to pay?

Great, so based on the discussion, that’s a likelihood score of 3.

Oh … it’s like that? I give a rating, and because she come up with some fancy argument, you just pick up she score and run wid it?

So we have a score of 12 for the risk of settling bills late. This is a moderate risk. It’s an area that may not need urgent attention, but there may be things we can do to improve.

Not at all. Based on the information, I think the point is valid. We cannot just look at things in one area … remember the objective is paying vendors on time. So it’s about the entire process, how it can be affected and the overall impact on the Bank.

Ok cool, go on; let me see what going happen next time.