https://2020.riskawarenessweek.com/talks/the-failure-of-risk-management/ Choices to make for your company or organization can seem overwhelming at times and the answers to hard questions may seem impossible to find. Whether your uncertain decisions are… Continue reading WATCH REPLAY: The Failure of Risk Management
Tag: Security
WATCH REPLAY: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte
https://2020.riskawarenessweek.com/talks/impact-of-covid-19-outbreak-on-top-risks/ This talk shows what has been done to assess the impact of Covid-19 pandemic outbreak on the most important risks of the company (Top Risks). The idea was that… Continue reading WATCH REPLAY: Impact of Covid-19 pandemic outbreak on Top Risks – Joachim Schulte
Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”
An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team… Continue reading Practical ideas: CREATE A NETWORK OF “RISK-CHAMPIONS”
Practical ideas: Regularly evaluate risk management culture
Every risk manager we have interviewed explained to us that periodic risk culture evaluations help strengthen the risk culture. So, we wanted to give readers some practical ideas around it.… Continue reading Practical ideas: Regularly evaluate risk management culture
Practical ideas: Update existing policies and procedures to include elements of risk management
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 Practical ideas: Update existing policies and procedures to include elements of risk management
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
Practical ideas: Join forces with the managers responsible for other areas of performance improvement
Risk managers should build relationships and join forces with the other managers responsible for performance improvement initiatives, like lean management, quality, safety, environment, security or others. Risk managers should participate… Continue reading Practical ideas: Join forces with the managers responsible for other areas of performance improvement
Practical ideas: Document risk appetite for different types of decisions
Most organisations have already documented their appetite for different common decisions or business objectives. Segregation of duties, financing and deal limits, procurement criteria, investment criteria, zero tolerance to fraud or… Continue reading Practical ideas: Document risk appetite for different types of decisions
Six principles for effective risk management
This is a great summary of risk management principles. To be effective, risk management doesn’t have to be complex. And yes risk management is really not about managing risks 🙂
