The work of managers, scientists, engineers and lawyers is the work that charts the course of society. The work of economic and governmental organisations is largely focused on problem solving and making decisions and it is this work - setting goals, finding or designing suitable courses of action, and evaluating and choosing among alternative actions that helps effectively managing risk.
The first three of these activities: fixing agendas, setting goals, finding suitable courses of action and evaluating and choosing amongst alternative actions - that requires urgent attention.
Nothing is more important for the well-being of society than that this work be performed effectively, that we address successfully the many problems requiring attention at the national level (the budget and trade deficits, AIDS, national security, the mitigation of earthquake damage), at the level of business organisations (product improvement, efficiency of production, choice of investments), and at the level of our individual lives (choosing a career or a school, buying a house).
The quality of our decisions and problem solutions are stored in million of human heads – most problems that are encountered by an organisation or individual, have been encountered before, by many others, who will have learned from experience what are the right approaches, criteria, and information needs for reaching the optimal choice.
GD provides a framework for the collection of wisdom held in the minds of such individuals, such that “best practice” risk analysis templates and checklists can be created for the benefit of all.
GD Open Source Risk models build upon the wisdom of crowds’ theory - inviting users to help develop community risk models, templates and checklists for the community. An interactive platform is provided that experts (or indeed non-experts) can contribute to help build a truly inclusive and best practice risk templates. These templates are made available to the GD subscriber community free of charge.
