Matthew Leitch - author of Working In Uncertainty

Matthew Leitch

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Working In Uncertainty

modern risk management and internal control made easier so you achieve more with less stress

 

The simple idea behind Working In Uncertainty is that you will achieve more with less stress if you make changes to the way you work so that you understand and deal with uncertainty better. This applies to you as an individual and to any organization you are involved with.

The way to do it is simply to learn about the changes that work and try the ones that seem most promising for you or your organization. (That's why this website includes a lot of ideas for you to draw on and you can request more materials once you've registered an interest.)

If you have any responsibility for work on 'risk management' and/or 'internal control' then you should find Working In Uncertainty a simplifying, unifying view that meets expectations for both more easily.

A personal and business improvement programme

The reason that Working In Uncertainty can be so beneficial is that we face uncertainty just about all the time and we're not always very good at it[15]. We tend to think we are better at predicting and controlling the future than in fact we are. As a result, we undervalue actions like flexibility, getting more information, and taking precautions. This bias is institutionalised into some common management methods. Consequently, there is often huge scope for improving the way we work so that it performs better in conditions of uncertainty — which is what we face most of the time.

Here are some articles explaining more about how you and others in your organization can get more done with less stress by using ideas from Working In Uncertainty:

- A summary of Working In Uncertainty
- Illustrative improvements to ways of working - for an individual
- Illustrative improvements to ways of working - for an organization

A simpler view of 'risk management' and 'internal control'

As an approach to risk management and internal control programmes, Working In Uncertainty is simple and clear. In particular, it has the advantage of presenting clearly two of the most important ideas in modern risk management:

Open-mindedness: An aim of modern risk management is to get people thinking more widely about what might happen, not just to think of bad things that might happen[1]. But as soon as we say 'risk' people focus on just the nasty surprises, forgetting about potential opportunities and other nice surprises[2]. When we say 'uncertainty' instead, people immediately begin to think and behave differently.

Integration: Modern risk management and internal control also aim to be fully integrated into ways of working[1]. Just about everyone recognises what this looks like when they see it and prefers that approach. But when we say phrases like 'risk management process' and 'internal control system' this gets people thinking of a new, separate activity with new meetings, documents, and bureaucracy. Say 'working in uncertainty' and immediately it is easier to focus on the real task, which is to make incremental changes to existing core management activities (e.g. forecasting, objective setting, process design) and basic business processes (e.g. buying, selling, making things, providing service) that improve their performance under conditions of uncertainty.

I hope this taster has given you good reasons to evaluate this approach more rigorously. I've been working in the area of risk and control for many years — consulting, teaching, writing books, doing surveys, and getting involved with national and international standard setting — and I'm convinced that the small innovations in Working In Uncertainty will have a major impact for those who use them. Working In Uncertainty is simpler to understand and quickly links to practical common sense. The short articles linked below explain more about this and I hope you can make time to consider the material carefully and with an open mind.

- A summary of Working In Uncertainty
- Illustrative improvements to ways of working - for an organization
- Guidelines for Working In Uncertainty
- Impact of Working In Uncertainty




News

Feedback from readers

"It makes perfect sense" wrote one reader from Australia of Working In Uncertainty. Others have written saying they would like to promote this kind of approach or saying they want to write about it. This website is still new and little-known, but this is encouraging early feedback.

More survey results

An ongoing programme of surveys is showing that most people think in a Working In Uncertainty way already.

Survey with ACCA now available!

ACCA, the professional association for accountants, engaged me to develop a survey for them. It's on things that accountants do that manage risk. More than 2,000 people worldwide kindly filled in our chunky survey and the results are fascinating. The report is "The reality of risk: culture, behaviour and the role of accountants".

Article in PMA Newsletter

The Performance Management Association's newsletter, Perspectives on Performance, includes an article about two Working In Uncertainty surveys done at the end of 2011. It contrasts the views most people seem to have with attempts in the last few years to introduce risk listing in performance management.

Revised BS 31100

The revised edition of this risk management standard has now been published, after a lot of work by me and other committee members. Although it's still within the risk control approach and inherits big problems from ISO 31000, the international risk management standard, our revised document is a giant leap forward from the first edition with many good ideas in it. It's available from BSI.

Quoted in new book

Jeremy Hope, Peter Bunce, and Franz Roosli (the Beyond Budgeting guys) have a new book out called The Leader's Dilemma about maintaining control while empowering an adaptive organization. I mention this not just because I'm sure it will be a good read, but also because they've quoted me at least a couple of times!

PRAM guide

I'm also working with a group of project risk management experts on a revised edition of the 'PRAM Guide', which is a guide to project risk management produced by the Association for Project Management. Early work looks promising.


 

  Company: Matthew Leitch Associates Limited, registered in England, no. 04931400.
  Registered office: 29 Ridgeway, KT19 8LD, United Kingdom.
  Words © 2011 Matthew Leitch