Analysis – Page 8
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Analysis
16 essential questions to ask for effective scenario planning
Scenario planning can help executives better understand the impacts of new goals and objectives set out in the organisation’s strategic plans. Here’s how you can optimise your scenario planning, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights
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Analysis
Risk culture – creating clarity from chaos
Corporate toxicity, disruptive innovation and competition – can all be managed with strong risk culture set from the top down, writes Horst Simon of The Risk Culture Builder
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Analysis
Culture and trust in a complex and disruptive world
Disconnected risk culture (DRC), says Alan Hilburg, president, Hilburg Associates, is the single greatest threat to organisations over the next five years. Why? Failing to culturally connect multi-generational and multi-cultural workforces has created a global crisis of distrust within organisations - and historic levels of risk.
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Analysis
Risk monitoring: 6 considerations for understanding this make or break moment
Businesses take risks all the time but fail to monitor and manage these risks effectively, but Carol Williams, enterprise risk management consultant and founder of ERM Insights, has some tips to ensure risk monitoring is done in a way
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Analysis
Quantitative risk analysis can triumph if applied correctly
Here’s some Friday fun: in a two-week experiment to prove the value of quantitative risk analysis, Alex Sidorenko, chief executive of Risk Academy, and a consortium of risk managers took extreme measures. They set out to build a risk model for winning the lottery. The result was very positive…
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Analysis
Playing for the defence: what risk managers can learn from football
From Paolo Maldini to Sir Alex Ferguson, risk managers can learn from the strategies deployed on the football pitch. And the greatest lessons come from the invisible defender: the goalkeeper or, in other words, the risk manager, writes Adriano Lanzilotto, vice-president, client service manager, (London operations) at FM Global
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Analysis
Avoid emerging risk blindness with a 12-point checklist
Too much focus on near-term of visible risks will put companies at risk. But a 12-point checklist by Airmic and Marsh could help shake up risk assessment and enhance risk management practices
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Analysis
Global tensions place risk managers in a bind
A growing tension between global markets - that are reliant on the removal of barriers - and local politicians - insisting on building walls - has backed risk managers into a corner, according today’s ‘new world challenges’ panel debate
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Analysis
Who to see and what they’re saying at Airmic 2019
AIG, stand: 29-30 Who will be there? AIG has a team of experts from across the business to provide attendees with access to a broad range of specialists, including, Jon Gregory, global head of kidnap & ransom and crisis solutions, who presented on the topic, No crisis ...
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Analysis
Be part of the #ChangingRisk Community
We surveyed risk managers from across the world for their views on what needs to change in risk management. Here’s a preview of the results
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Analysis
Optimise your risk management and make your actions decision-focused
As risk managers, we’re haphazard at application of decision-focused risk management because we don’t ask hard questions. No longer should we worry about the internal fallout of these questions and ask ourselves, how can we confidently challenge executives for more accurate outputs? asks Matt Livingstone, independent risk specialist
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Analysis
How the Prysmian Group is preparing for a hard Brexit
Supply chain and business interruption are some of the challenges that Alessandro De Felice, chief risk officer at the Prysmian Group and Ferma board member, is trying to mitigate as he prepares his business for the UK’s departure from the EU
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Analysis
Finally, an effective alternative to risk matrices
Alternatives to risk matrices have been around for decades, the question is why aren’t risk managers using more effective methods? Alex Sidorenko, chief executive of Risk Academy, outlines the steps to enhancing the use of matrices
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Analysis
Three steps risk managers should take to gain the ears of their CFO and COO
Is the risk manager’s job to report only, conduct risk transfer only or is it compliance and control? I believe it’s value creation. Here are three tips to generating stakeholder sustainability, writes Adrian Clements, international enterprise risk manager and former risk manager at ArcelorMittal
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Analysis
Rethink your risk models to leverage a competitive edge
Wind power projects can benefit from a new approach to risk management – a risk model which focuses on statistical risk modelling rather than traditional risk registers writes Jørgen Nellemose, director, risk management at K2 Management
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Analysis
Cyber heatmaps: do we need to stop rating our risks or categorising them by colour?
Heat maps are focused on ‘risks’, but decision-makers don’t care much about the risks to avoid or mitigate. Their prime focus is on the success achieved by taking the right risks, so do we need to rethink cyber heatmaps? writes Norman Marks, renowned risk management author
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Analysis
Is our current thinking of risk management ineffective and flawed?
“ERM needs to be aligned with our company’s strategy”; “We must engage and clearly articulate risk to stakeholders.” These perennially used phrases aren’t untrue of risk management, but why don’t we say more, create more and aim to be multidisciplinary? asks Gabriel Souza, risk management specialist
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Analysis
Brexit, global trade wars, climate change, ageing populations and new technology: the five drivers to an unpredictable world
Business leaders believe that the world is becoming less predictable, posing a threat to revenue
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Analysis
A how-to guide on how to apply decision-focused risk management in practice
StrategicRISK and Hans Læssøe principal consultant at AKTUS and former risk manager of The LEGO Group took to LinkedIn for a ‘live’ Q&A on how best to carry out decision-focused risk management. Here’s how our discussion played out