In part 2 of my analysis of the ISO 31000 forum on “Does anyone really understand Emerging Risks?” I look at the 3rd question: How do you manage the unknown?
| Black Swans are a native of Western Australia and as prevalent in Perth as “Black Swan events” these days. The obvious answer is once an Emerging Risk has been identified it becomes a material risk and needs to managed as all other risks in your risk inventory. So why all of the focus on Emerging Risks then? |



