Exercise 6.1: Acceptance Audit

Black Swan Risk Management · 7:59

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Lyrics

[Verse 1]
Time to dig into your risk register deep
Look for all the risks you've chosen to keep
Marked as accepted but here's the thing
Are they properly managed or just gathering dust in spring
Four criteria make acceptance real
Without them you're just spinning the wheel

[Chorus]
Audit your acceptance, check every one
Properly accepted or just left undone
Informed decision with leadership eyes
Documentation clear, no hidden lies
Monitor the triggers, review the date
Don't let black swans seal your fate
Three categories sorting through
Make your governance strong and true

[Verse 2]
Properly accepted means you did it right
Senior leadership saw the risk in sight
Documented fully with signatures clean
Regular reviews keep your process lean
But look for those marked informal style
No paper trail has been there for a while

[Chorus]
Audit your acceptance, check every one
Properly accepted or just left undone
Informed decision with leadership eyes
Documentation clear, no hidden lies
Monitor the triggers, review the date
Don't let black swans seal your fate
Three categories sorting through
Make your governance strong and true

[Bridge]
Default acceptance is the dangerous game
Nobody decided, nobody takes the blame
Convert informal to proper form
Design your governance to weather the storm

[Verse 3]
For each risk you find that's not quite right
Build the process to bring it to light
Authority levels, approval chains
Documentation that clearly explains
Review cycles and trigger points
Keep your continuity plan from breaking at the joints

[Chorus]
Audit your acceptance, check every one
Properly accepted or just left undone
Informed decision with leadership eyes
Documentation clear, no hidden lies
Monitor the triggers, review the date
Don't let black swans seal your fate
Three categories make it true
Your organization's counting on you

[Outro]
Exercise six-one shows the way
Acceptance audit saves the day

← The Acceptance Register | Exercise 6.2: Acceptance Threshold Scenarios →