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)

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

More than 3000 people downloaded the free risk management guide

We are very proud and grateful that more than 3000 have already downloaded the free risk management guide available on the RISK-ACADEMY website: https://www.risk-academy.ru/en/download/risk-management-book/ Another great news, our guide is now available on the International Federation of Accountants (IFAC) webiste under the RMIC resources: http://www.ifac.org/global-knowledge-gateway/risk-management-internal-control Big thank you to Vincent Tophoff. – – – – – – –… Continue reading More than 3000 people downloaded the free risk management guide

The whole concept of risk-appetite is total nonsense

The concept of risk-appetite has been around for years, yet so many risk practitioners still find themselves confused and unsure how to quantify, formalize and document it. Well, the short answer is YOU DON’T NEED TO. There is a better way. First, disclaimers. The following article only applies to non-financial companies, just like everything else… Continue reading The whole concept of risk-appetite is total nonsense

FREE WEBINAR: Integrating risk management into strategic planning

Over the years, risk managers have tried various ways to get the business units to participate in the risk management process. Some simplified the risk identification and assessment methodologies, others complicated them. The result in both cases was the same – disappointment. Best case scenario – annual or quarterly risk assessments were perceived as a necessary evil with most employees ignoring them and few actively resisting.
Did it ever strike you as odd, that risk management is supposed to be a support function, yet business units are constantly required to provide the information to the risk managers and not the other way around? It almost feels like the business is there to support risk managers in doing their job.
Maybe, just maybe, it is time for the risk managers to stop living in a universe, where the business is regularly required to provide information, participate in risk assessments and to contribute to lengthy discu