Sense making decreases the feeling of risk information overload by 17% and improves decision quality by 38%.
ERM teams want their colleagues to use their risk information to make smart decisions for the future of the enterprise, but offering too much information without adequate curation and guidance often undermines this goal.
Heads of ERM can use sense making techniques to drive action on risk information with these 3 steps:
- Curate information before it reaches decision makers
- Teach executives to understand and apply relevant inputs
- Create organic demand for support