Reason Magazine 2014 Quartal 2 Seite 56

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public speaking Some were better at the written part We really played off each other s strengths The challenge is not an academic exercise with technical twists designed to trip up students or test their book knowledge of risk management con cepts The case studies are actual risk management scenarios provided by risk managers associated with RIMS The general quality of the papers was good to excellent and there were a couple that were absolutely excep tional explains FM Global s Mary Breighner vice president global prac tice leader for education health care and public entities who has served as a judge for all three years The schools and teams view this challenge as wor thy of a good deal of effort and that is evident in the final papers and the presentations In the first year students were asked to develop a program merging two risk management divisions together at Coca Cola Last year students responded to a request for proposals RFP for risk management consulting for the World Road Cycling Championships a nine day event planned for 2015 that features 12 championship races 1 500 athletes and 450 000 spectators this year for the first time it hosted the Risk Management Challenge The Risk Management Challenge was a perfect fit for Spencer Little was awarded a grant to develop the contest in 2012 and the Spencer RIMS Risk Man agement Challenge was born The contest is designed to get stu dents as close as we can to a real world experience said FM Global s senior vice president of engineering and research Brion Callori who was recently elected Spencer Foundation Chairman They have to pull together everything they ve learned into one case study It highlights This year the case study was pro vided by Dan Kugler the retired risk manager for Snap on Inc a global man ufacturer of tools equipment and diag nostics Each team was asked to make a presentation to win the brokerage busi ness for the US 3 1 billion company The contest definitely gave me insight into what risk managers actu ally do and how the whole RFP process works said Alex Andrews the VCU team captain Just the experience of speaking in front of all those people I think helped a lot I ve spoken in front of other students but it was different in front of professionals The whole setup in the auditorium with the big screen the microphones and the professionals there was a bit intimidating The RFP presented to the teams required them to assist in the risk iden tification and assessment prioritize and develop a risk treatment option focusing on financial hazards and operational and strategic risk assist in the development of the risk register identify an assess ment process and assist in contingency planning All in only 10 pages The biggest thing for us was the page limit said Cathleen Gabriel the captain of the winning four member team from Temple University How Going from writing the paper in the classroom to doing the presentation on a big stage presents a challenge that really keeps the students on their toes And the insurance industry observers love it They are very impressed with these students and the work they ve done Debbi Little Former Director of the Risk and Insurance Studies Center at Virginia Commonwealth University the need for presentation skills and shows these students that a risk manager needs to understand an entire business and the risks that result The competition tests teams of risk management students on their ability to apply their knowledge to a real world scenario Teams of three or four students are invited to submit a 10 page paper to address the risks outlined in a case study The top teams are then invited to make an in person presentation at RIMS with the top three teams advancing to the finals I really liked the team aspect Neeley said Everyone on our team took initiative and had something they wanted to work on Some were better at 56 Reason ISSUE 2 2014