Tag Archives: Greg Carroll

#48 – PROACTIVE VS. REACTIVE RISK MANAGEMENT WITH ISO 31000 – GREG CARROLL

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GregCarrollISO 31000 needs to address the understanding of the fundamental nature of risk if it hopes to advance the maturity of risk practices in business.

Risk Management is firmly entrenched in a world of re-active modelling and reporting that belies the goals of ISO 31000 and until there is an epiphany in the industry on understanding the nature of risk, it is unlikely that ISO 31000 will achieve anything more than a documentary role in corporate governance and business management.  Risk Management must add value, and this means add Shareholder Value, if it is to be accepted as a part the strategic management of business. Continue reading →

#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 →

#28 – ERM SYSTEMS THAT AREN’T! – (C) GREG CARROLL

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GregCarrollFollowing is excerpted from Mastering 21st Century Enterprise Risk Management (forthcoming October 2013):

THE NATURE OF RISK
Most systems masquerading as enterprise risk management are re-jigged workplace health-and-safety risk platforms that attempt to apply a predefined standardized methodology.  A one-size-fits-all assessment program cannot be imposed on everyone and achieve any useful results.  Risk-assessment must be relevant to their field if people are to take it seriously.  It must provide meaningful value to them.  It also must go through continual review as the nature of risk changes and evolves. Continue reading →

#27 – ERM CHALLENGES AND WHAT TO DO ABOUT THEM! – GREG CARROLL

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GregCarrollI came across Greg Carroll a few weeks ago when he was giving what we thought was a counter-intuitive blog called: Chaos Theory & C – Level Disillusionment with Risk Management.

Not good!  This ran counter to the enter premise of CERM and our business model.  But, we were intrigued. And, Greg was kind to expand on his views. Continue reading →