Introduction We 've established in the prior two parts of this series of posts that current EWRM practices may lead to situations in which the original and ultimately responsible parties, the process owners, become disenfranchised and no longer own the responsibility of managing risks to their objectives, although this is a key responsibility. Process owners … Continue reading The state of EWRM part III – Essential EWRM practices
Introduction Here's an often heard remark in organizations: we want risk management, but we cannot or will not yet make the full required effort. Well, if that is the starting position, the best thing the person charged with the project of implementing risk management can do is hand back that project to the project owner … Continue reading Management challenges in implementing real risk management
The other side of the coin A couple of days ago, I wrote an article on risk acceptance and how it actually requires a lot of work in terms of contingency planning. Of course, there is another side to that coin. The curse of middle management What is the scope of your responsibility? How able … Continue reading Adequate risk management requires responsibility and response-ability
Rereading the title of this post, my first reaction is that this is stating the blindingly obvious. The problem is, in reality this is far from that obvious. More than once I've been confronted with situations in which risk acceptance by a manager turned out to become risk ignorance. And risk ignorance is just another … Continue reading Risk acceptance requires hard work
What went before ... In the early '00s, the relevance of using risk models was very much disputed. A number of leading companies in the risk management field did not see the reason to use models, as they felt that practice impeded organizations from assessing the entirety of their risks. In the late '90's of … Continue reading Practical steps to wider adoption of risk management: simplifying risk models for more frequent use
I've been teaching a risk management class at Solvay Brussels School (SBS) this week. Teaching these classes always brings home to me how much I love to teach. The exchange, the pace, the ideas ... as long as it stays concrete, I really feel as if I'm contributing and learning at the same time, even … Continue reading Regarding unknown unknowns, hindsight is 20/20
Just finished a discussion with a friend on whether it's possible to do goal management in a public sector environment. But before we go into that, perhaps I need to define a goal first. Defining a goal A goal in a public sector context is, in my book, the object of your efforts, the aim, … Continue reading Is goal management in a public sector environment relevant?