ERM – Improving Risk Visualization and Communication Internally and Externally 

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ERM - Improving Risk Visualization and Communication Internally and Externally 


Funding

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Research Period

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Description

The ability to effectively communicate risks both within an agency and externally to key stakeholders is important in decision-making and assuring effective mitigation strategies are assigned and appropriate resources are dedicated. Risk management is an effective tool for decision-making but communicating risks, potential impacts and likelihood of occurrence as well as appropriate mitigation is often not well understood.

This proposal builds off of a similar RPS developed as part of NCHRP 20-123(04) but adds in and emphasizes the element of visualization to improve communication. It also emphasizes the concept of risk tolerance.  


Literature Search Summary

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Objectives

Develop guidance for crafting an effective risk management communication strategy with materials (i.e.., metrics, dashboards, regular reports) with a clear explanation of uncertainty, risk tolerance, and associated risk mitigation strategies. 


Urgency and Potential Benefits

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Implementation Considerations

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Champion(s)

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