Ground truth.
Effective risk management requires real-time ground truth.
What’s so special about this?
Trubshaw Cumberlege has designed a risk management system that provides near real-time ground truth on project-specific risk generators, key performance indicators, key stakeholder engagements, community grievances, and much more.
Critically, our system is designed to give c-suite executives an easy to understand temperature reading on identified project-specific social risks.
Committing your company to specific social performance standards is the easy part. Turning these commitments into actionable changes on the ground is more difficult.
That is why our system also ensures that c-suite level commitments and risk tolerances are translated into on-the-ground strategies.
In this way, Trubshaw Cumberlege provides a risk management system that is mutually reinforcing: a system where c-suite priorities and commitments inform on-the-ground strategies and on-the-ground realities inform c-suite priorities and commitments.
How is this different from the herd?
Extreme or even low impact risk events never occur spontaneously. Like forest fires, they start with a spark and build over time. They are identifiable if you know what to look for. Yet, too often c-suite executives are caught completely off guard by risk events. Whether it comes in the form of a violent community protests or public accusations of human rights abuses committed by project personnel or suppliers, once these events occur Companies are left with no choice but to spend considerable resources ‘getting to the bottom’ of what went wrong and mitigate the problem.
An important lesson can be drawn: an effective risk management system must provide a near real-time and truthful picture of what is actually happening on the ground in a way that enables management to make the right decisions at the right time.