{ "docId": "019dd923-5ca1-7489-b639-f44394ca4c72", "docSlug": "d3c3f38b5ba9a6d1", "documentTitle": "Risk in review Managing risk from the front line", "authorId": "PwC", "authorName": "PwC", "documentKindSlug": "consulting-deck", "documentKindLabel": "Consulting deck", "sourceTypeSlug": "strategy_consulting", "sourceTypeLabel": "Strategy consulting", "presentationDate": null, "orientation": "landscape", "aspectRatio": 1.294, "pageNumber": 5, "pageCount": 29, "prevPage": 4, "nextPage": 6, "slideType": "key_takeaways", "function": "summarize", "density": "overcrowded", "nDataPoints": 3, "notes": "The slide uses a crowd-of-people icon graphic to visualize the 13%, 46%, and 63% statistics.", "elementsJson": [ "paragraph", "big_number", "infographic" ], "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019dd923-5ca1-7489-b639-f44394ca4c72/5", "deckHref": "/decks/019dd923-5ca1-7489-b639-f44394ca4c72", "deckJsonHref": "/decks/019dd923-5ca1-7489-b639-f44394ca4c72.json", "deckAnchorHref": "/decks/019dd923-5ca1-7489-b639-f44394ca4c72#slide-5", "components": [ { "bbox": { "h": 0.045, "w": 0.415, "x": 0.045, "y": 0.383 }, "kind": "callout", "text": "But one group of respondents, which we’ve termed Front Liners, is far ahead of the pack.", "attrs": null, "subkind": "primary", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "100c9381-13e4-45ce-8048-47fb2bb493af", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "callout", "text": "But one group of respondents, which we've termed Front Liners, is far ahead of the pack.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd951-dfa4-712e-8322-4a87d3b67fc7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.185, "w": 0.445, "x": 0.507, "y": 0.248 }, "kind": "image", "text": "Crowd of people icon graphic", "attrs": null, "subkind": "infographic", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "22e05aaf-c77b-4a18-bf5f-2c97ee63ccc4", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.06, "x": 0.735, "y": 0.465 }, "kind": "metric", "text": "46%", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1a012681-93f0-4095-b069-30e1dee87a9c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.06, "x": 0.86, "y": 0.465 }, "kind": "metric", "text": "63%", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "daf32c2e-f70f-48c3-935d-dc7ea7e16b71", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.06, "x": 0.518, "y": 0.465 }, "kind": "metric", "text": "13%", "attrs": null, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "edf3b725-e9d3-41bb-9c75-39c90dafb63d", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "metric", "text": "Percentage of respondents: 63%", "attrs": null, "subkind": "primary", "toolName": "Quantification", "toolSlug": "quantification", "confidence": null, "componentId": "019dd951-dfa4-712e-8322-4f9925828617", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.085, "w": 0.415, "x": 0.045, "y": 0.275 }, "kind": "paragraph", "text": "In all, nearly two-thirds (63%) of our respondents said shifting more risk management responsibilities to the first line makes their companies more agile—that is, better at anticipating and mitigating risk events—and 46% have plans to further this shift within the next three years.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "314ec0b7-2a0d-40e7-b140-f7f1c1958c49", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.065, "w": 0.415, "x": 0.045, "y": 0.203 }, "kind": "paragraph", "text": "Analysed year on year, our survey data shows a clear trend towards business unit and corporate executives’ taking the lead role by aligning ownership of key business risks with ownership of risk decision making.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "4b908c05-8a8c-481e-8689-1f6f1e4d9ca2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.115, "w": 0.415, "x": 0.045, "y": 0.465 }, "kind": "paragraph", "text": "These companies, which represent about 13% of our survey sample, are significantly more likely to say risk management decisions are owned and managed by the first line of defence. They express confidence that the first line is effective in managing most risk areas, and they back up that confidence with proven methods for effective risk management and formal second and third lines of defence.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "87838c9f-c1a4-4d3e-b1f5-bdc87333cbed", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.135, "w": 0.415, "x": 0.045, "y": 0.608 }, "kind": "paragraph", "text": "These strengths beget strengths: Compared with overall respondents, Front Liners are more likely to expect revenue and profit margin growth in the next two years. And although no less prone to disruption than other companies, Front Liners are quicker to bounce back from adverse risk events and related disruptions. That’s because they enable each of their lines of defence to concentrate on their specific areas, thereby enabling them to be more agile and focused during challenging times.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9931dfa8-71bd-4483-8a19-4d1b2fd0b040", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.021, "w": 0.445, "x": 0.507, "y": 0.203 }, "kind": "title", "text": "Respondents agree: Front line decision making is ideal", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b2805600-14e0-4274-a96b-840008c339c0", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 8, "from": 5, "beatId": "8698202f-267c-4de4-ada9-335bc72e5017", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Problem & Complication", "beatSlug": "consultants-gambit-problem-complication", "evidence": "The document highlights the challenges of traditional risk management approaches", "position": 1, "confidence": 0.8, "parentBeatName": "Complication", "parentBeatSlug": "complication" } ], "loops": [ { "to": 16, "from": 5, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "3b0d88c5-c3f2-40a6-8a1e-981e0e611a84", "evidence": "The document presents a logical chain of arguments and evidence to support the solution", "position": 0, "objective": "To demonstrate the benefits of front-line led risk management", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }