Analysis – Page 2
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Analysis
Data and technology will improve decision-making: Shah
The latest technology and efficient use of data will help risk managers to improve their decision-making, according to Frashad Shah, head of risk management at highway concession business Prolintas.
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Analysis
How risk managers are preparing the possibility of a recession
As some market experts report hearing the distant, but undoubtedly chilling, growls of an approaching global downturn, we ask how much risk managers can really do to protect their businesses from being savaged.
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Analysis
Businesses must step up and start investing in risk prevention - or face economic shocks, says Amrae president
Brigitte Bouquot warns Amrae delegates that businesses have to invest in potential risks in order to retaliate against economic shocks
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Analysis
Planning for Brexit - the European view
The potential impacts of Brexit for European companies could be extreme. Strategic Risk examines how businesses have been preparing and what European risk managers should do next
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Analysis
Five reasons projects fail - and what risk managers need do about them
Hans Læssøe, founder of AKTUS and former risk manager at The Lego Group, examines some of the common reasons that projects fail and how risk managers can change the way they operate to add value to decision making and project delivery
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Analysis
Guy Verhofstadt, MEP: The European Union must reform or die
Unanimity rules in the EU are stifling innovation and so reform must happen as fast as possible, says Guy Verhofstadt, MEP and former Prime Minister of Belgium
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Analysis
Get involved in #RAW2019
StratrgicRISK will be supporting Risk Awareness Week from 14 to 18 October, bringing you the highlights from this 5-day virtual conference.
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Analysis
30 practical steps to implementing ‘Risk Management 2’
Alex Sidorenko outlines a step by step guide to integrating risk management into decision-making, processes and culture – with links to his recommended resources
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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
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
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
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
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Analysis
Why the whole concept of risk appetite is nonsense and how to change it
The concept of risk-appetite has been around for years, yet so many risk practitioners still find themselves confused and unsure how to quantify, formalise and document it. Well, the short answer is you don’t need to. There is a better way, writes Alex Sidorenko, chief executive of Risk Academy
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Analysis
Forget likelihood vs. impact: here’s a grown up approach to risk assessment
Time to ditch risk matrices and take a new approach to assessing risks, writes Tony Thornton, ERM and business continuity expert
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Analysis
'Apathetic' risk management is putting your business at risk
In the new age of advanced risk, complacent organisations are allowing themselves to become vulnerable to the disruptive forces of the Fourth Industrial Revolution, says risk thought leader Warren Black.
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Analysis
How corporates get derailed and what risk managers can do to ensure it doesn’t happen to them
Economic and corporate crises in our recent history have taught us that solid risk management, communicated effectively to the top, works. Yet often, it never reaches the decision makers, writes Jonathan Blackhurst, head of risk management at Capita
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Analysis
How Crossrail set the benchmark in construction risk management
Risk management has been central to the success of Europe’s largest infrastructure project, owing much to sustained engagement with lead insurers Swiss Re Corporate Solutions and Zurich and broker AJ Gallagher. Colin Hamling, commercial and insurance manager, (December 2009-2016) tells us more
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Analysis
How to overcome cognitive bias
If we accept there is a cognitive bias in decision making, how can we as risk professionals account for this and help our senior executive make better bias-free decisions? Risk Academy’s Alex Sidorenko discusses.
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