Risk clockspeed: a new lens for critical incident management and response

Current best practice in risk management revolves around process and the risk register technique, but this limited approach is out of step with psychological evidence that suggests people handle risks differently depending on how much thinking time is available. With reference to psychological, systems and risk literature, this paper calls for a revised approach to risk management. The paper introduces preliminary research work which contributes a perspective called ‘Risk Clockspeed’. The significance of heuristics and system dynamics are discussed in context with human judgement. Models are provided supporting the Risk Clockspeed viewpoint and management approaches are discussed.