A while back I created a risk maturity methodology for the Auditor Generals Office in one of the Europeans countries. This model with some modification later became the basis for the annual risk maturity assessment that our company and Deloitte ran across CIS countries for over 4 years. I also used this maturity model to… Continue reading The most honest risk management benchmark. See how you compare against global peers
Tag: risk management maturity assessment
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)
In the final of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how to integrate risk management into core processes. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)
In the third of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how risk management is disconnected from decision making. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)
In the second of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)
Risk Management Could Be a Powerful Tool, But it Just isn’t
Alex Sidorenko shares four valuable lessons about integrating risk management principles and methodologies into the day-to-day decision making. He shares some practical suggestions on how to overcome cognitive biases when managing risks and make risk-based thinking part of the overall corporate culture of the organisation. If there is one thing I learned in my previous… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t
Can risk management even be effective?
Lately, everyone, from the government agencies to regulators to corporate board members, seem to be talking about the need for better, more effective risk management. The challenging part is that, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains vague. This article attempts to summarize the basic components of… Continue reading Can risk management even be effective?
