Is IIA secretly trying to kill risk management? Sometimes I wonder.

IIA recently published a Practice Guide on Assessing the Risk Management Process. It sounded interesting so I set aside some time to go through the document. Overall verdict The maturity… Continue reading Is IIA secretly trying to kill risk management? Sometimes I wonder.

RISK MATURITY: How to establish communication and consultation? (part 2)

Risk management should be inclusive. Appropriate and timely consultation and involvement of stakeholders enables their knowledge, views and perceptions to be taken into account which results in improved awareness and… Continue reading RISK MATURITY: How to establish communication and consultation? (part 2)

Free risk management maturity assessment. Find out if you are risk management 1 or risk management 2

Complete this free risk management maturity assessment to determine whether your organization is risk management 1 or risk management 2. The assessment takes less than 3 minutes and is designed… Continue reading Free risk management maturity assessment. Find out if you are risk management 1 or risk management 2

RISK MATURITY: How to establish communication and consultation? (part 1)

Risk management should be inclusive. Appropriate and timely consultation and involvement of stakeholders enables their knowledge, views and perceptions to be taken into account which results in improved awareness and… Continue reading RISK MATURITY: How to establish communication and consultation? (part 1)

RISK MATURITY: Are necessary resources allocated to managing risk?

While the management needs to ensure that the necessary resources are allocated to the integration of risk management into decision making and core processes, considerations of the internal and external… Continue reading RISK MATURITY: Are necessary resources allocated to managing risk?

RISK MATURITY: Choosing the most appropriate risk assessment technique

The ultimate goal of risk management 2 is to integrate risk analysis into decision-making processes and the overall management of the organization. Mature organizations ensure that appropriate risk assessment and… Continue reading RISK MATURITY: Choosing the most appropriate risk assessment technique

RISK MATURITY: How to document risk appetite

Most mature organizations have already documented their appetites for different risks to objectives.  Segregation of duties, financing and deal limits, procurement criteria, investment criteria, zero tolerance to fraud or safety… Continue reading RISK MATURITY: How to document risk appetite

RISK MATURITY: How to integrate risk management into roles and responsibilities

A critical component of risk management integration is including responsibility and accountability (authority, resources and competence) for managing risks into all business activities. Top management should ensure that the responsibilities… Continue reading RISK MATURITY: How to integrate risk management into roles and responsibilities

RISK MATURITY: How to build a risk management framework

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 RISK MATURITY: How to build a risk management framework

RM1 vs RM2 – which side will you choose?

I feel risk management is on a verge of something interesting, something very exciting at the moment. For a long time, I naively thought that by doing good risk management all… Continue reading RM1 vs RM2 – which side will you choose?