This is a rewrite of an article I wrote in 2010. I'm revisiting some of my earlier writings to update them to my current ideas. Top five versus first five issues Ask people for their top five issues in any area of concern other than an area they are personally and closely involved with, and … Continue reading Better risk based situational awareness using risk models
Tag: risk assessment
Simplifying risk models
A brief historyThe relevance of using risk models as the basis for risk management was disputed in the beginning of this century. It actually remains disputed as an approach by a number of authors. In the early ‘00’s, leading risk management advisory companies did not see the reason to use models. They felt it impeded … Continue reading Simplifying risk models
Risks associated with measuring impact and likelihood
Subjectivity is all around usAny evaluation, however objective you want it to be, is necessarily subjective. Just read some of Nassim Nicolas Taleb’s books which provide ample illustration of how easily we start to act based on subjective assessments. Now, contrast this to new risk management methodologies and applications which frequently tout new and improved … Continue reading Risks associated with measuring impact and likelihood
Public sector performance enhancement
Let’s not get run over againThere are quite a few performance enhancing methodologies for administrations available on the market today. Most have not proven to be that successful all the time. However, under pressure to enhance performance, the public servants hope if or rather when someone turns government around, they don’t get run over again.Potential … Continue reading Public sector performance enhancement
You are already managing risks
How do we start to manage our risks?It’s an often heard question when talking to organizations about risk management. The honest answer to that is that most organizations already manage risk. It’s often just not called risk management. Risk management by any other nameLet’s look at a number of examples of risk management which are … Continue reading You are already managing risks
Sense and nonsense of risk maturity assessments
Can you “manage” maturity?Maturity assessments are the new fad of management. You encounter them everywhere. Also, and perhaps most often, in risk management. Risk management and internal control systems need to be assessed and benchmarked and turned upside down and inside out. These tendencies appear to be indicative of an overly strong desire for micro … Continue reading Sense and nonsense of risk maturity assessments
Exploring The Black Box 