The better alternative to “inherent” and “residual” risk concepts

Few things are certain in life: death, taxes and someone in the risk community asking about inherent and residual risks. In fact the question is so frequent that I even did a short video response: To most organisations inherent vs residual comparison is a way to measure potential risk mitigation effectiveness and the reduction in… Continue reading The better alternative to “inherent” and “residual” risk concepts

5 red flags 🚩when just starting to implement risk management

Ok, the title is obviously irony, because no organisation on the planet is ever “just” starting to implement risk management” or “starting from scratch”. Organisations have been making risk-based decisions since the inception. Often poorly, but that’s another point altogether. And yet, far too many job advertisements I see are looking risk specialists to build… Continue reading 5 red flags 🚩when just starting to implement risk management

5 red flags 🚩when hiring a risk manager

One of the biggest issues in the risk management profession is that many, way too many, people who have the title of risk manager are not really qualified to do the job. Many don’t even have the minimum required education. Imagine a doctor who vaguely remembers doing biology in year 9 high school. Well that’s… Continue reading 5 red flags 🚩when hiring a risk manager

3 steps to set corporate risk appetite

Ok, the title is obviously irony. If you have seen any of my posts you will know how sceptical I am of this management fad called risk appetite. I am actually old enough to remember when consultants started pushing this concept pretending it was both new and useful. Anyway, since the concept is unlikely to… Continue reading 3 steps to set corporate risk appetite

CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

Recently, I sat down to do my weekly Wednesday live stream. Normally I share stories, answer questions and discuss lessons I learned as a Chief Risk Officer, but this time I wanted to talk about something else. Something that has been troubling me for a while. The fundamental flaws in decision making and risk management.… Continue reading CRO DIARY: We are so busy chasing the next “sexiest” risk, we miss the forest for the trees

I am giving away 50 full tickets to #riskawarenessweek2020 to students studying risk management

I am giving away 50 full tickets to #riskawarenessweek2020 to students currently studying risk management. If you are currently doing undergraduate or postgraduate studies in risk management, this is your opportunity to hear some of the best risk and decision making professionals in the world sharing their stories and, more importantly, their models. Risk Awareness… Continue reading I am giving away 50 full tickets to #riskawarenessweek2020 to students studying risk management

Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year

Risk Awareness Week 2020 #RAW2020 will bring some of the leading risk management researchers and practitioners to your staff computers or mobile phones. It is designed to raise awareness about risk management application in planning, forecasting, budgeting, construction, investments and performance management and will significantly enhance the quality of decision making. More than 50 sessions… Continue reading Make #riskawarenessweek2020 you corporate risk management training. Put it in the budget for this year

I wonder if anyone realises that implementing ERM is actually bad risk management

According to COSO ERM, “enterprise risk management” refers to the culture, capabilities, and practices, integrated with strategy-setting and performance, that organizations rely on to manage risk in creating, preserving, and realizing value. Sounds not too bad. In this article I will argue that doing this, or rather doing as COSO and most consultants and most… Continue reading I wonder if anyone realises that implementing ERM is actually bad risk management

5 reasons for risk managers to attend #RAW2020

FREE TICKETS AVAILABLE AT https://2020.riskawarenessweek.com/ Learn from some of the best risk management and decision making experts in the world. Each speaker has been carefully selected to share case studies, master classes and workshops with our participants. Each presentation is specifically tailored to appeal to both risk managers and decision makers alike and contains model,… Continue reading 5 reasons for risk managers to attend #RAW2020

Possibly the best risk assessment template #riskawarenessweek2019

While working on the project in the Middle East recently the RISK-ACADEMY team came up with what looks like the best risk identification template I’ve seen in a long time. This is what a good risk register should look like, if there was ever a need for one. Watch the explanation: https://youtu.be/NusqP5gRDyo Here are the… Continue reading Possibly the best risk assessment template #riskawarenessweek2019