Tailor-made risk management framework

Alex Sidorenko will develop a risk management framework document for your organization based on the ISO31000:2018 and COSO:ERM 2017 principles. Risk management framework that clearly states the organization’s objectives and commitment to risk management. The framework will be specifically tailored to your industry and organizational strategic objectives. As part of the framework, Alex will develop risk criteria, risk management process and necessary templates.

Time to complete: 2-3 weeks. This is a risk management 1 product.

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.

Practical ideas: CREATE A NETWORK OF “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… Continue reading Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”

Practical ideas: Regularly evaluate risk management culture

Every risk manager we have interviewed explained to us that periodic risk culture evaluations help strengthen the risk culture. So, we wanted to give readers some practical ideas around it.… Continue reading Practical ideas: Regularly evaluate risk management culture

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

Practical ideas: Reinforce the “no blame” culture

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

Practical ideas: Include risk items on Board’s agenda

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

Recording of our debate on ISO/FDIS 31000 vs COSO ERM 2017

The recording of our debate on ISO/FDIS 31000 vs COSO ERM 2017 with Norman Marks, Tim Leech and Carole Switzer is now available on OCEG website: https://go.oceg.org/iso-31000-2018-versus-coso-2017-for-enterprise-risk-management-the-great-debate-1 Don’t miss it!  Write what were your… Continue reading Recording of our debate on ISO/FDIS 31000 vs COSO ERM 2017

Here is a small lesson I learned a while back

If you want to integrate risk management into decision making, you have to talk the same language as decision makers. That means that if the decision is made based on… Continue reading Here is a small lesson I learned a while back