Systemic Risk Management (SRM)

Risks interact with each other and influence each other, thereby creating new risks. These complex interrelations can be mapped with Strategyfinder. Risks are recorded in a structured, moderated process. From this, plans and strategies for dealing with risks are developed

SRM Process

8-20 experts from different disciplines provide input for the construction of the risk system. Subsequently, the identified risk loops are recorded with regard to their impact (effect, benefit, damage, etc.). Experts further analyse the most essential loops. Measures for them are considered and systemic risk mitigation strategies are developed on the basis of probability and impact analyses.

Effects of Covid19 on the Norwegian Health Sector

A project funded by the Norwegian government had the aim of forming a „Systemic Pandemic Risk Model (SPRM)“ to map the effects of Covid19 on the health system. It could be shown, for example, that disbelief in vaccination leads to a low proportion of the population receiving a vaccination, which in turn leads to an increased infection rate. This has implications for an increased number of variants of the virus. Belief in vaccination is thus weakened again. Another loop can be seen if one considers the effect of an increased infection rate, which also affects people who are professionally involved with the pandemic. The change of these people leads to wrong answers and misguided information. This has a negative effect on trust in state authorities.