Creating risk champions

An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team and the rest of the business. “Risk champions” can be of three types: Official risk coordinators – employees, whose official duties include coordination of risk… Continue reading Creating risk champions

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Building a risk management peer network

We always encourage risk managers not to reinvent the wheel. Learn from others. Build connections with risk managers from similar companies. A good place to meet similar minded risk managers is the G31000 group on LinkedIn https://www.linkedin.com/groups/1834592. Do not be afraid to share your own experiences or participate in online and face-to-face discussions or initiatives… Continue reading Building a risk management peer network

Risk management quick wins

Alex Sidorenko from RISK-ACADEMY talks about risk management quick win – testing management assumptions. DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

How to move from risk management to risk-based management

According to the ISO 31000:2009, principles risk management should be an integral part of organisational processes and decision making. Picking up on that important point, risk management should be seen as a management tool designed to improve planning, budgeting, performance management and other core business processes. Risk management also helps management to make more informed… Continue reading How to move from risk management to risk-based management

Implementing risk management training and awareness (part 2)

Risk management may seem simple enough in theory, but not all employees have the necessary skills and competencies to successfully apply it in practice. One of the key components in driving change is employee training and development. …continued from previous post Conduct training for “risk-champions” Provide additional risk management training to the in-house risk management… Continue reading Implementing risk management training and awareness (part 2)

Implementing risk management training and awareness (part 1)

Risk management may seem simple enough in theory, but not all employees have the necessary skills and competencies to successfully apply it in practice. One of the key components in driving change is employee training and development. Include the principles of risk-based decision-making in induction training for new employees New hires come from a variety… Continue reading Implementing risk management training and awareness (part 1)

4 steps to integrate risk management into strategic planning

Let me first start by saying integrating risk management into strategic planning is NOT doing a strategic risk assessment or even having a risk conversation at the strategy setting meeting, it is so much more. You will also find it difficult to relate if the objectives have not been defined or documented in your company… Continue reading 4 steps to integrate risk management into strategic planning

What is the ultimate goal of risk management?

Is risk management a management tool or a separate profession. I share my thoughts in this video. It was viewed more than 2000 times and raised a lot of debate, please share your thoughts as well.   DOWNLOAD THE FREE RISK MANAGEMENT BOOK:  https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY… Continue reading What is the ultimate goal of risk management?

Practical steps for risk managers to build trust and positive relationships

Alex Sidorenko from RISK-ACADEMY talks about building trust in risk management, required to stay informed and up to date with information necessary to perform risk analysis   DOWNLOAD THE FULL BOOK FOR FREE: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

Think of risk management as a service, not as a stand alone process

Risk managers have a unique competency to identify and analyse risks using advanced tools like scenario analysis, sensitivity analysis, decision trees and Monte-Carlo simulations. This toolset can significantly improve business decision making. And just like any other service or tool it needs to be marketed to the rest of the organisation. Risk management needs to… Continue reading Think of risk management as a service, not as a stand alone process