In his book Decision Making: Risk Management, Systems Thinking and Situation Awareness, Dr Alan McLucas introduces the concept of the Risk Management Paradox: Continue reading
#73 – BASICS: MEASURING RISK MANAGEMENT OUTCOMES – ROD FARRAR
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Category Archives: Tips&Tools@Risk™
#73 – NO ONE IS REALLY APPLYING ERM AND I THINK IT’S A GOOD THING! – ALEXEI SIDORENKO
This is my personal opinion based on 11 years in risk management across 4 countries with different legislations, cultures and risk environments, so please be patient and try to make your disagreements less violent Continue reading
#72 – BASICS: RISK CULTURE MYTH – ROD FARRAR
The notion that by outsourcing or contracting, you have transferred your risk to another party is a myth. If it isn’t core to the achievement of your objectives or if the expertise resides outside of your business then outsourcing is positive.
Senior executives, both in Government and Private Enterprise say “there is no need to worry about that risk – I have transferred that to the Contractor.” Continue reading
#70 – RISK MANAGEMENT AND PROBLEM SOLVING ARE NOT DIFFERENT – IVAN FANTIN
Nowadays risk management is getting more and more credits.
I don’t know if this trend is dictated by the increased number of unknowns the crisis is showing us, by an increasing management perception, or by something else.
What I clearly see is the frequent mention risk gets.
It is not my aim here, in a short article, to explain what risk management is.
#70 – BASICS: DEVELOP A RISK MANAGEMENT FRAMEWORK – ROD FARRAR
One of the key issues facing many organisations revolves around what a risk management framework looks like. ISO 31000 highlights the elements of a risk management framework as shown below: Continue reading