Planning and Implementing a risk 
management framework is an admirable accomplishment. Now make sure it is running well and will do so into the future.
As with any process, there will be opportunities to make improvements. By monitoring and reviewing your program you will find what is working well and what is not. Continue reading
You’ve started a new project; or joined one that’s up and running or it’s nearing closure – and it’s going well. With no problems to speak of, it’s business as usual; so stick to the plan and it will be all right in the end ‘cos nothing can go wrong.
Or perhaps there are problems; but all projects have problems! It’s not your problem as the bid team, planning team, or those awkward stakeholders and ever present over demanding clients can be blamed. Continue reading
Let’s start with what is ERM? Enterprise Risk Management (ERM): is a process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of a risk to an organization. It expands beyond a daily run of the mill operational management! A true ERM program will have its scope expand to strategic, financial, reputational, human resource and business continuity as well as operational and legal risks. Most organizations, as they mature embark on a journey of establishing a robust Enterprise Risk Management (ERM) Program! Continue reading
It’s all about targeted flexibility, the art of being prepared, rather than preparing for specific events. Being able to respond rather than being able to forecast, facilitates the ability to respond to the consequences of an event.
Perspective
It seems that there many experts today who are jumping on the bandwagon and laying claim to some aspect of, or permutation of, the “Black Swan” concept. I recently read about someone claiming to be a “Master Black Swan Hunter.” Continue reading
Houston Texas is one of the few local governments in the United States with an Enterprise Risk Management (ERM) based risk assessment approach. This policy was reviewed and updated in 2016. This was the latest step in the city’s use of risk assessment.
From 1996 to 2004, the city outsourced risk assessment. The assessment was performed every five years. Beginning in 2009, the city’s audit department took over the assessment. This article discusses the risk assessment process used by the City of Houston. Continue reading