Share your risk management story in the comments below and get a chance to win a free VIP pass to #riskawarenessweek2020 (valued at $100): https://2020.riskawarenessweek.com/
RAW2020 is dedicated to sharing and raising awareness. Help new risk managers, share your story. Tell us:
- how did you get into risk management?
- what are the 3 things you love about risk management?
- what are the 3 things you hate about risk management?
- what do you wish was different in risk management?
Comment and get a chance to win free ALL ACCESS pass to RAW2020. 20 passed will be given out by the end of March.
Check out other risk management books
RISK-ACADEMY offers online courses
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Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!
ISO31000 Integrating Risk Management
Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
Advanced Risk Governance
This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
Hello,
I first got involved in Risk Management in 2019 when I got a chance to work in a Risk Consulting and Training firm. It has been a great opportunity to learn and have first hand experience in how risk management is implemented especially with firms who are at the novice stage; and trainings how versatile risk management is.
I love and value risk management as:
1. It gives an opportunity to drive a firms strategy in the right direction. It detects weaknesses within the firm and if well understood and adopted enables the firm to seize opportunities that will aid in achieving the strategic objectives.
2. Risk management is a skill that adds value both professionally and personally. For example, you learn to recognize elements such as bias that have an effect on the business decisions that you make.
3. Risk management is a great platform for each business unit to evaluate its effectiveness.
I dislike it when Risk management:
1. Is not owned by department leaders and left to the hands of the Risk or Audit department.
2. Is seen as only avoiding the negatives and people fail to explore opportunities in a given risk.
3. As a profession is seen as a reserve of those who practice finance.
I wish that we can take Risk Management as an enabler in achieving strategic objectives and success of an organization and not an after thought when events such as the Covid 19 take place. I wish that the value of Risk Management is enterprise wide and a collective effort by those in management and the Board.
Risk management adds value and I believe that platforms such as the Risk Awareness Week 2020 enable risk practitioners and those interested in the field to challenge their beliefs in risk and enhance their skills for professional and personal growth.