Watch Now | Formula 1 Risk Management in the Fast Lane Session 2

Guest Speaker Session

Formula 1: Risk Management in the Fast Lane Session 2

Duration: 60 Minutes

Mark Gallagher

Author, Broadcaster and Formula 1 Expert

Australia

AEDT

11:30 am - 12:30 pm

United Kingdom

GMT

11:30 am - 12:30 pm

North America

EST

11:30 am - 12:30 pm

Renowned Author, Broadcaster and Formula 1 Expert, Mark Gallagher, joined us for a Guest Speaker Webinar Series, sharing insights on the holistic approaches to strategy and risk management, as well as business lessons learned throughout his 30-years of experience building winning teams in Formula 1 racing.

Join this series where he shares his expertise in business strategy, compliance frameworks and technology integration in the fast-paced, data-rich world of Formula 1.

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Mark Gallagher

Author, Broadcaster and Formula 1 Expert

With over 30 years of Formula 1 experience, Mark Gallagher is an expert in high-performance leadership, safety and risk management, innovation, change management and teamwork. Regularly featured on media, working with organisations including the BBC, Sky Sports and ESPN, Mark also consults for a range of companies involved in Formula 1 today.

Mark’s management career in Formula 1 included more than a decade on the management board of the highly successful, race-winning Jordan Grand Prix team, running the world-famous Cosworth engine business and establishing the commercial arm of Red Bull Racing which went on to become 4-time World Champions. During his career, he has worked with many of the sport’s leading drivers, including former World Champions Ayrton Senna, Michael Schumacher and Jenson Button. Today he works closely with a number of the sport’s major stars including David Coulthard, Mika Hakkinen and Jacques Villeneuve. Between 2005 and 2009, Mark was also a motorsports consultant to Disney Pixar on CARS and CARS II. Amongst many things, he is also an author, a renowned keynote speaker and a GRC mastermind.

Session 01 - Agenda:

The complexities of risk management in F1 – a summary of the risk landscape.
Evolution of risk management in F1, and how it has enabled the sport to evolve.
Importance of data and the data-driven approach to risk management in F1: data-centric, risk-informed decision-making being the difference between winning and losing.
In a sport with a high-risk appetite, how do F1 teams ensure risk does not outweigh reward.
The importance of having immediate, on-demand reporting to enable agile decision making in a fast-paced environment.

Session 02 - Agenda:

Enterprise performance management and strategic planning – why it matters in F1.
With much of F1’s success being impacted by investment and cost, how critical it is to have strategy aligned to business success.
The benefits automation can bring to drive success.
Frameworks used to measure success in F1, and how we can learn from them in other industries.
The power of integration between risk and strategy management.
The importance of not having a disparate and disjointed approach to data and reporting in a fast-paced, agile environment. The value a single source of truth brings.

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