Risk clockspeed
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Strategy - risk management - risk identification - risk response.
Risk clockspeed means the timing and quality of relevant information for risk management purposes, compared with the available timeframe for making an appropriate risk response.
Slower risk clockspeed means more time between the availability of high quality information, and the time when a response is necessary.
Faster risk clockspeed is the opposite situation, when fast decisions are necessary based on lower quality - or incomplete - information.
(Source - Institute of Risk Management)
See also
- Guide to risk management
- Horizon scanning
- Institute of Risk Management (IRM)
- Planning horizon
- Resilience
- Risk
- Risk identification
- Risk management
- Scenario planning
- Stress test
- Time horizon
