Risk management in modern non-financial companies is very different compared to say 5 years ago. The level of risk management maturity, for lack of a better word, has grown significantly. As more and more companies across the globe are looking to implement robust risk management, the demand for risk management consultants is also growing. Unfortunately,… Continue reading 3 fatal mistakes most risk consultants make
Tag: Risk Management Training Skills
Improving on ERM’s Imperfections by Russ Banham
RIMS: First of all, congratulations on the RIMS award. The judging committee seemed particularly impressed by the emphasis on quantitative risk analysis. Can you elaborate on the value of this approach? Sidorenko: : Thank you. Let me set the context first – the EuroChem Board is comprised of directors with extensive experience in mining, the… Continue reading Improving on ERM’s Imperfections by Russ Banham
Risk management 2 is both a control and decision making tool
In 2018 I attempted to coin the distinction between “Risk Management 1” – cosmetic, governance-driven risk management, and “Risk Management 2” – value-adding risk management that drives better decision-making https://riskacademy.blog/rm1-vs-rm2-which-side-will-you-choose/ I have been following walking the talk, in both my consulting practice, personal life and in the corporate employment, ever since. In 2021 the company… Continue reading Risk management 2 is both a control and decision making tool
Gestión de Riesgos: RM1 versus RM2
La gestión de riesgos está en el borde de algo muy interesante y emocionante en este momento. Por un largo tiempo, se creyó que haciendo una buena gestión de riesgos todos los actores clave de una compañía estarían satisfechos, pero la realidad es que los distintos tipos de actores quieren cosas completamente diferentes: La RM1… Continue reading Gestión de Riesgos: RM1 versus RM2
Desafío de las Cinco Semanas: Integrando la Gestión de Riesgos a la Toma de Decisiones
Cuando se quiere abordar la implementación de sistemas o marcos de trabajo para la gestión de riesgos en una organización entera, usted se puede llegar a encontrar con un desafío insuperable. Para ayudar a que una organización pueda alcanzar sus objetivos de forma más segura, es conveniente comenzar a mejorar tan sólo una instancia de… Continue reading Desafío de las Cinco Semanas: Integrando la Gestión de Riesgos a la Toma de Decisiones
What is a risk? It’s not what you think it is
If there is one thing I learned as a CRO, it is crucial to understand the nature of each and every risk we have to work with. I will no doubt write a separate article about the mistake of aggregating various risks into a risk register or attempting to use the same methodology to quantify… Continue reading What is a risk? It’s not what you think it is
Grant Purdy, Roger Estall: Invest in improved decision-making
Grant Purdy and Roger Estall have recently published a book on decision-making called Deciding. Written to help decision makers (they call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of… Continue reading Grant Purdy, Roger Estall: Invest in improved decision-making
Grant Purdy, Roger Estall: Shedding the ‘risk management’ millstone
Grant Purdy and Roger Estall have recently published a book on decision-making called Deciding. Written to help decision makers (they call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of… Continue reading Grant Purdy, Roger Estall: Shedding the ‘risk management’ millstone
Grant Purdy, Roger Estall: Why ‘risk management’ doesn’t work
Grant Purdy and Roger Estall have recently published a book on decision-making called Deciding. Written to help decision makers (they call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of… Continue reading Grant Purdy, Roger Estall: Why ‘risk management’ doesn’t work
Grant Purdy, Roger Estall: How the ‘risk management’ drivers interacted
Grant Purdy and Roger Estall have recently published a book on decision-making called Deciding. Written to help decision makers (they call them Deciders) to make ‘even better decisions’ it goes directly to the two big challenges for every Decider – ensuring that each decision will contribute to (rather than detract from) achieving the purpose of… Continue reading Grant Purdy, Roger Estall: How the ‘risk management’ drivers interacted
