Author Archives: greg

#30 – HOW TO AGGREGATE RISK IN AN ERM SYSTEM – GREG CARROLL

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GregCarrollEven after my recent webinar series on “Mastering 21st Century Enterprise Risk Management”, (www.fasttrack365.com/resources/videos), there continues to be confusion around how to aggregate risk in an Enterprise Risk Management (ERM) system.  Therefore some risk managers are now advocating that risks cannot be aggregated, but without aggregation ERM loses any meaning and purpose.  So if accepting the need to aggregate risk, both from business units to group and between diverse natures of risk, the basic question of how to aggregate risks returns. Continue reading →

#30 – HOW NOT TO MAKE BAD RISK DECISIONS – ED PERKINS

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OLYMPUS DIGITAL CAMERAWhy are there “bad” decisions? No one starts out to deliberately make a bad decision. If you look into available thought papers and reports, you can find some evidence that can provide some understanding of how bad decisions are made.

COSO in 2012, commissioned a report on “Enhancing Board Oversight”[1] focusing on challenges and biases in making professional judgments. Continue reading →

#30 – NURSING & HEALTHCARE PROFESSIONAL SHORTAGES – CAPERS JONES

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Capers Jones pixIn 2006, Rhode Island had 13 hospitals and almost 100 nursing homes that employ professional nurses.  There are also many visiting nurses who provide in-home assistance.  There are six nursing schools at Rhode Island universities and colleges, including University of Rhode Island, Salve Regina, Rhode Island College, the Community College of Rhode Island, the St. Joseph School of Nursing, and the Memorial Hospital School of Nurse Anesthesia. Continue reading →

#30 – RISK ASSESSMENT OF A RISK CASE STUDY – UMBERTO TUNESI

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Umberto Tunesi pixBCC (Banca di Credito Cooperativo) is an italian bank mainly dealing with small / medium sized family-owned business and private investors. It operates in the richer Nation’s areas, mostly.

BCC releases every two months a magazine to its shareholders, that’s named ‘The Voice’.’   The October 2013 issue is subtitled ‘Burned Generation’, as the articles are devoted to tackle the problem of juvenile unemployment.  Another risk topic critical in Europe and in most parts of the globe. Continue reading →

#29 – TIME TO RETHINK THE CHECKLIST AUDIT – JORGE A. CORREA

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Jorge A CorreaOrganizations today face unprecedented challenges to increase productivity and performance.  Having an effective internal audit system is an important tool that allows organizations to determine where key strengths and weaknesses exist within their processes.  Once identified they can build on their strengths and allocate resources to improve the weaknesses. Continue reading →