In this short video, Rebecca Merritt, a manager for the RiskLens Professional Services Team, explains three must-haves for presenting a quantitative risk analysis report:
- Know your audience.
- Define the scope of the analysis
- Tell the story of how you arrived at your conclusions
Watch the video for the details:
TRANSCRIPT:
Hello, I’m Rebecca Merritt, a manager of the Professional Services Team. We’re the team that is onsite working with customers day to day and doing the analysis work, getting our hands dirty. After doing the analysis work, we report on what the analysis was over or the goals and objectives [achieved] for the organization.
One thing that really comes into play with reporting, the fourth step of the analysis process, is really knowing your audience. I would say that is key to any report you’re going to deliver. If you are reporting to the board, you probably want to have a different report from if you’re just reporting to your team and really trying to get into the details. Know your audience and know how detail-oriented you should be, or if you need to keep it more high level, know that as well.
Another factor I would make sure you include in any report, even if it is high level, is to make sure you clearly define your scope. You need to understand not just the results and the numbers but where did the scope come from, where did the analysis come from.
If it’s clearly defined at the very beginning of your reporting, you’re setting yourself up for success. Another thing you want to focus on along the way is telling the story. Start with the scope – but how did you get there, what assumptions were made, what data was gathered, who did you talk, to because that’s going to make your reporting more defensible.