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)
Tag: Management
3 steps to set corporate risk appetite
Ok, the title is obviously irony. If you have seen any of my posts you will know how sceptical I am of this management fad called risk appetite. I am… Continue reading 3 steps to set corporate risk appetite
Risk appetite reimagined 2.0
This was the original post that was triggered a lot of discussion around the concept of risk appetite in non-financial companies. Again. I semi-changed my mind on risk appetite. Separate… Continue reading Risk appetite reimagined 2.0
Practical ideas: Include risk management roles and responsibilities into existing job descriptions, policies and procedures, committee charters
Risk managers may begin the implementation of the selected risk governance model by documenting risk management roles and responsibilities. It is quite common to describe risk management roles and responsibilities… Continue reading Practical ideas: Include risk management roles and responsibilities into existing job descriptions, policies and procedures, committee charters
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… Continue reading The whole concept of risk-appetite is total nonsense
Embedding risk into strategic planning and more
Great piece on integrating risk into strategy
