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Controversial thoughts about modern day risk management in non-financial companies, training and consulting services

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Compliance Risk Management – Risk analysis (part 5)

Compliance Risk Management – Risk analysis (part 5)

February 2, 2021July 13, 2021 Posted in Risk managementLeave a comment

Step 5. Measure the effect of risks on decisions In order to account for the uncertainty both in the consequences of each scenario and its weight, consequence distributions are multiplied… Continue reading Compliance Risk Management – Risk analysis (part 5)

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WATCH REPLAY: Mark Powell – The lost art of building risk matrices and why they should be avoided

WATCH REPLAY: Mark Powell – The lost art of building risk matrices and why they should be avoided

January 31, 2021July 26, 2022 Posted in RAW, Risk management1 Comment

Risk matrices have been around for decades, but most people don’t build their own anymore. In fact, Mark Powell told an audience at Risk Awareness Week 2020 that he hadn’t… Continue reading WATCH REPLAY: Mark Powell – The lost art of building risk matrices and why they should be avoided

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WATCH REPLAY: Uncertainty based capacity optimization

WATCH REPLAY: Uncertainty based capacity optimization

September 4, 2020July 26, 2022 Posted in RAW, Risk managementLeave a comment

https://2020.riskawarenessweek.com/talks/uncertainty-based-capacity-optimization/ Most companies apply capacity planning to define when to invest in what equipment in order to be able to meet demand. For most companies, this is done using a… Continue reading WATCH REPLAY: Uncertainty based capacity optimization

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Practical ideas: Update existing policies and procedures to include elements of risk management

Practical ideas: Update existing policies and procedures to include elements of risk management

January 17, 2018July 1, 2020 Posted in Risk management2 Comments

Most modern-day risk managers are familiar with developing a risk management framework or procedure documents. These documents capture risk management roles and responsibilities, outline risk management processes as well as… Continue reading Practical ideas: Update existing policies and procedures to include elements of risk management

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Practical ideas: Join forces with the managers responsible for other areas of performance improvement

Practical ideas: Join forces with the managers responsible for other areas of performance improvement

January 8, 2018July 3, 2020 Posted in Risk managementLeave a comment

Risk managers should build relationships and join forces with the other managers responsible for performance improvement initiatives, like lean management, quality, safety, environment, security or others. Risk managers should participate… Continue reading Practical ideas: Join forces with the managers responsible for other areas of performance improvement

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Practical ideas: Reinforce the “no blame” culture

Practical ideas: Reinforce the “no blame” culture

January 5, 2018July 3, 2020 Posted in Risk managementLeave a comment

Risk managers should encourage employees to openly raise risk management related issues. This is possible by spending a considerable amount of time every day communicating with their colleagues and staying… Continue reading Practical ideas: Reinforce the “no blame” culture

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Practical ideas: Include risk items on Board’s agenda

Practical ideas: Include risk items on Board’s agenda

December 27, 2017July 5, 2020 Posted in Risk managementLeave a comment

This next step is very important to reinforce strong risk culture within the organisation. There are various ways of including risk discussion on the Board’s agenda, however we believe that… Continue reading Practical ideas: Include risk items on Board’s agenda

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3 things to look for when auditing risk management

May 31, 2017July 14, 2020 Posted in Risk management3 Comments

Alex Sidorenko from RISK-ACADEMY talks about three things to review when auditing risk management effectiveness in non-financial companies: DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk… Continue reading 3 things to look for when auditing risk management

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Embedding risk into strategic planning and more

February 26, 2017July 16, 2020 Posted in Risk managementLeave a comment

Great piece on integrating risk into strategy

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