Enter the Discover Risk competition!
You will find everything that you need to enter the competition in this section. You can also download these guidelines and then use our online entry form.
Let's get started...
This competition is designed to test your research skills, your creativity and your understanding of risk. Winning entrants will be assessed on the quality that our judges see in all three of these areas. All competition winners will be invited to an interview for a paid summer work placement in a risk sector business.
We want to challenge you to look at a short business scenario based upon a global business sector and to think of five possible risk areas that might affect the success of this business. Using our risk template we then want you to compose five short risk cards to go with this business scenario. As well as coming up with these five risks, we also want you to decide where they should be placed on the risk grid.
If you've played the Discover Risk game, you'll be familiar with how we use the risk grid tool. If not, don't worry: take a look at the risk grid in the next section and check out the Ultimate Soccer League Challenge business scenario with its five risk areas and its 'answer' to see how using the risk grid helps us to assess risk.
When you're happy to proceed, go to the competition challenge scenario and find on how to enter.
Introducing the risk grid tool...
The risk grid tool allows us to think about any risk that could affect a business or a project according to two critical aspects:
1. How likely is it that the risk will happen?
2. If it does happen, what adverse impact will it have?
For example, if we think a particular risk is say, very unlikely to happen - and even if it did, it wouldn't have much impact on us - we'd place it on box 1 of the risk grid below: low likelihood, low impact. On the other hand, if we think a risk is very likely to happen - and if it did it would have a very high adverse impact on our business or project - we'd place it on box 9 of the risk grid: high likelihood, high impact.
The numbers in the boxes help us to rank the potential risks we face in order of importance where 1 is the lowest risk we've assessed and 9 is the highest.