Overview
Effective leaders must be able to visualize, synthesize, and communicate complex risk management frameworks. Chapter 19 introduces 12 foundational concepts that guide strategic risk thinking and execution. In this assignment, you will create a visual concept map or diagram in Lucid Chart that organizes and explains these 12 key concepts along with supporting sub-concepts. Your map should reflect your comprehension of the interrelationships between the 12 ideas such as how Concept 4 Risk Clockspeed and Concept 6, Risk Velocity, and the framework in Figure 19.3 on page 325.
This assignment builds professional competencies in visual thinking, critical analysis, and business communication—key tools in modern leadership and strategic risk roles.
Learning Objectives
Upon successful completion of this assignment, you will be able to:
- Identify and describe the 12 key concepts from Chapter 19. (Comprehension)
- Explain how supporting sub-concepts relate to each main concept. (Analyzing)
- Interpret visual frameworks from the chapter (e.g., Figure 19.3) and integrate them into your visual representation. (Applying)
- Construct a professional visual concept map using Lucid Chart. (Creating)
- Demonstrate clear communication through visual storytelling and labeling. (Applying)
Preparation
Watch: The video "Mind Map Tutorial" Lucid for Education"
Watch: The video"How to Make a Concept Map"
Review: The "Lucid Training Video Series"
- Login:To your Lucid Charts account
- Suggested: Choose a "Concept Map" Lucid Chart Template, on the Template page search for a "Concept Map" template.
- [Image unavailable: Lucid Chart Concept Map Template Library]
Instructions
You will create a Lucid Chart diagram or concept map that includes:
- 12 Main Concepts from Chapter 19
- Use labeled shapes or bubbles to represent each of the twelve core ideas.
- 1 Sub-Concept per Main Concept
- Add a connected shape to briefly define or elaborate on each main concept.
- Example: For Concept 4, use the sub-concept “Risk Speed” and add a short explanation:
“Risk Speed refers to how quickly a risk can materialize and impact operations.”
- Integration of Visuals from the Chapter
- Example: For Concept 6, reference or embed Figure 19.3 and briefly describe how it supports the sub-concept.
- If you embed Figure 19.3, include proper citation:
Figure 19.3. Source: Hillson, D. (2023). The Risk Management Handbook (2nd ed.). Kogan Page.[Image unavailable: A four-quadrant chart comparing real-time and pre-made decision making with fast and slow risk clockspeeds.]
- Visual Design Requirements:
- Use a concept map or diagram format
- Maintain visual clarity: consistent shapes, connecting lines, and readable font sizes
- Include a title and legend if needed
- Ensure the map fits on one printable page or viewable screen
Submission
- Submit your completed Lucidchart map as a PDF or shared Lucid link via Canvas