The importance of consultation and communication in risk managementISO 31000 refers to consultation and communication with stakeholders as a key activity in a well implemented risk management methodology. Let’s examine why these elements are important. The elementsISO talks about consultation and communication with stakeholders. So we need to explain why: consultation communication stakeholders are important. … Continue reading Let’s talk about risk
Tag: risk management
User centric risk management design
I’ve been giving the practice and best approach of managing risks a lot of thought lately, and I’m seriously wondering whether or not we’re not trying to solve the wrong problem when trying to install risk management systems in the way we’ve been going about it in the past 20 years.The wrong problemPast and current … Continue reading User centric risk management design
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
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
Witnessing the Occupy movement in London
An accidental witnessWhen you're staying as close to St. Paul's Cathedral as we are, it's impossible to not see the 'occupation' of the square in front op the Cathedral's main entrance. When we went out looking for a taxi last night, we passed through a veritable crowd of people. I've posted a picture below. The … Continue reading Witnessing the Occupy movement in London
Improving risk management through ubiquitous capture
Monday morning quarterbackingAfter things have gone wrong, we have a tendency to start Monday morning quarterbacking. “How is it possible that they didn’t see that one coming?” Quickly, the comments turn to lack of organization and lack of information exchange. Remember 9/11? Different assessments all pointed to the same conclusion: the information was available, but … Continue reading Improving risk management through ubiquitous capture
The impact of simplification on residual risk
Red tape increases risksRed tape is likely to lead to increases in residual risk profiles of organizations. These organizations are overburdening their external and internal customers with these increases in rules and regulations they need to comply with. Contrary to their expectations, this will not lead to more care. The more rules exist, the more … Continue reading The impact of simplification on residual risk
Exploring The Black Box 