#151 – CAN YOU CALCULATE THE PROBABILITY OF UNCERTAINTY? – GEARY SIKICH

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Untitled1-150x150Many aspects of risk management are deeply rooted in mathematical formulae for determining probability. This heavy dependence on mathematics to determine probability of risk realization may create “false positives” regarding a risk that can be either positive or negative. There is also a limitation on how much data can be gathered and assessed in respect to the development of the probability equation regarding the risk being assessed. Continue reading

#150 – FUTURE PROOFING – THE PROCESS OF ACTIVE ANALYSIS – GEARY SIKICH

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Untitled1-150x150Overview

The ability to effectively respond to and manage the consequences of an event in a timely manner is essential to ensure an organization’s survivability in today’s fast paced business environment. With the emergence of new threats, such as cyber-terrorism and bio-terrorism; and the increasing exposure of companies to traditional threats such as, fraud, systems failure, fire, explosions, spills, natural disasters, etc. an “integrated” approach to Business Continuity Planning is essential. Continue reading

#148 – UNINTENDED CONSEQUENCES OF RISK REPORTING – GEARY SIKICH AND JOOP REMME

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Untitled1-150x150Introduction

In this article we posit three questions. The first question is: “Is it a social responsibility of companies that they undertake a comprehensive risk assessment?” The second question: “Does the notion of conscience and its application to the generation and use of risk information and information in general, create an obligation for the organization to disclose
the results of the comprehensive risk assessment
?” The third question “How do the people Jooplesin the organization communicate the information from the comprehensive risk assessment to stakeholders and yet preserve security and protect the organization?” Continue reading

#146 – IT IS ALL ABOUT SURVIVABILITY – GEARY SIKICH

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Untitled1-150x150If you want senior management to pay attention give them something that challenges their focus – and understand that their focus is not on how many computers you have or RTO, RPO stats. It is on business survivability – will we be in business tomorrow given the issues that we face today.

What is more important to your organization’s continuity of operations – how many computers you have or where your competition will be coming from in the next five years? Continue reading

#145 – ALTERED STATES: RISK PERCEPTION AFTER THE EVENT – GEARY SIKICH

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Untitled1-150x150Heightened Awareness or Reactive, Backwards Looking?

From financial crises to energy catastrophes to earthquakes and threats of terrorism, we hear a lot about events that challenge our ability to identify and manage risk. Unfortunately some of the things that emerge from many of these events are reactive regulatory rules and requirements. Continue reading