#65 – MANAGING 21ST CENTURY ORGANIZATIONS – THE IRM

irm-logoIt quickly became apparent during our work that the environments analysed and the risk management problems they present, display many of the characteristics of complex systems. A complex system, like the weather, is one where even if you know everything there is to know about the system it is not sufficient to predict precisely what will happen, although it is possible to discern a range of outcomes. When simple systems are put under stress they can start displaying many of the attributes of complex systems. Continue reading

#64 – FROM ERM TO EXTENDED ERM – THE INSTITUTE OF RISK MANAGEMENT

irm-logoThe past decades have seen a transformation in the way that both private and public organizations operate.  Delivering a product, a project or service today is likely to involve multi-tiered, often global value chains, sub-contracted manufacturing, licensed intellectual property, outsourced back offices and complicated routes to market, including digital delivery, all under increased pressures of time.  In the public sector many governments are handing over service delivery to a network of private or third sector operators. Continue reading