It is my view that the Strategy Map is a key tool in any risk management project. All the major risk standards such as COSO Enterprise Risk Framework, ISO31000 etc all state the business objectives are the starting point of any risk management project but don’t show you how to do this. The Strategy Map is an excellent tool for mapping objectives, and the relationship between them.
I have used this tool very successfully with many clients to help them establish a robust starting point for their risk management initiative.
I am interested to hear if and how others are using this ‘Strategy’ tool in their risk management projects.