Changing Risk Culture: Increasing Risk can Add Value to your Organization

by King County, WA for the TLG 2018 Case Study program

Dec 5, 2017

Governments are historically risk-averse. Fear of failure, negative publicity and legal verdicts, and resistance to change can bring upon a culture of risk aversion. We tend to place a higher value on avoiding loss than adding value. Using the Risk-Value Curve and Value Assessment Framework tools, we can discuss, document, and quantify the value created by pursuing a potentially risky program or initiative. Using these tools can help agencies evaluate the positive outcomes anticipated by a program or initiative and move away from risk aversion toward risk optimization.

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