#42 – WHEN IS A BLACK SWAN NOT A BLACK SWAN? – GEARY SIKICH

UntitledINTRODUCTION
There seem to be a lot of sightings of ‘black swans’ lately. Should we be concerned or are we wishfully thinking, caught up in media hype; or are we misinterpreting what a black swan event really is? The term black swan has become a popular buzzword for many; including, contingency planners, risk managers and consultants. However, are there really that many occurrences that qualify to meet the requirement of being termed a black swan or are we just caught up in the popularity of the moment?  Continue reading

#42 – CORPORATE SOFTWARE RISK REDUCTION IN A FORTUNE 500 COMPANY – CAPERS JONES

Capers Jones pixEXECUTIVE SUMMARY
Due to schedule delays, cost overruns, and several canceled software projects the Chairman of a Fortune 500 company decided to bring in outside experts to identify major software risks and develop solutions for those risks.

Initially the new risk abatement team reported directly to the Chairman, which is unusual but effective. The team visited more than 20 software locations in a dozen countries and met with many software managers and technical personnel. Continue reading

#41 – ENTERPRISE RISK MANAGEMENT (ERM) IN THE AGE OF UNCERTAINTY – GEARY SIKICH

Untitled“To do something very dangerous takes a certain lack of imagination
– Anonymous

INTRODUCTION
Governments and companies worldwide are emerging from the current financial crisis and subsequent recession.  While governments are crafting new regulations, businesses around the world are walking in shifting sand as risk exposures are high and new regulations will create compliance challenges.  According to a recent survey by Korn/Ferry International, corporate leaders are focusing more attention on risk management after what is considered by many to be excessive risk-taking during the boom times that factored into the global financial crisis. Continue reading

#41 – HOW TO MAKE SMARTER DECISIONS – GREG HUTCHINS

Greg Hutchins pixDid we get it all wrong?  Wow!  This could break our business model.  Let me explain:

We developed Certified Enterprise Risk Manager® and all of our risk IP based on a simple fact.  We live in VUCA time (volatility, uncertainty, complexity, ambiguity).  We based our business business model on providing:

#41 – THE NEW CYBER WARFARE & ISO 27001 – EDWARD HUMPHREYS

Cyber threats continue to plague governments and businesses around the world. These threats are on the rise as cyber criminals increase their focus and know-how. The problem demands an international solution.  ISO/IEC 27001 provides a management framework for assessing and treating risks, whether cyber-oriented or otherwise, that can damage business, governments, and even the fabric of a country’s national infrastructure. Continue reading