Compliance Risk Management – Risk analysis (part 5)

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)

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

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

WATCH REPLAY: Uncertainty based capacity optimization

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

G31000 Risk management maturity assessment

The G31000 Risk Management maturity model is designed to assist organizations on the road to embed risk management into all activities throughout the organization, including decision-making. It defines levels of maturity against which an organization can measure its current status and identify actions for continual improvement. The overall scoring system is based on a detailed questionnaire linked directly to identified sub-components for all the elements of the risk management framework and is mapped to a 3-level risk maturity scale.

G31000 Risk management maturity model

The G31000 Risk Management maturity model is designed to assist organizations on the road to embed risk management into all activities throughout the organization, including decision-making. It defines levels of maturity against which an organization can measure its current status and identify actions for continual improvement. The overall scoring system is based on a detailed questionnaire linked directly to identified sub-components for all the elements of the risk management framework and is mapped to a 3-level risk maturity scale.

Mentoring package for risk practicioners

Mentorship package for new or young risk managers, which includes express audit of your corporate risk management documentation, including policy and framework (NDA can be signed if required) and online benchmarking to test your company’s risk management maturity, alignment with ISO 31000 principles and identify any improvement opportunities

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

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

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

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