Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision. In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the…… Continue reading FREE BOOK: Guide to effective risk management (14000+ downloads)
I have came up with 5 reasons why COSO ERM 2017 is horrible for business and 2 reasons why ISO31000 2018 is as well :))) Join me for a free webinar tomorrow: https://go.oceg.org/iso-31000-2018-versus-coso-2017-for-enterprise-risk-management-the-great-debate
Well to me, this means – the results of the risk analysis has to be presented in EXACTLY the same way the decision is being discussed. If an investment decision is made based on NPV and IRR – then risk manager has to bring to the table new calculation for NPV and IRR based on…… Continue reading Everybody says the risk managers should speak business language. But what does it actually mean?
Integrating risk management into decision making and culture in everything we do: national and international certifications corporate training for some of the largest non-fs corporations MBA and post grad programs with biggest universities risk management textbooks, guidelines, articles, videos risk management maturity assessments with Deloitte risk management business games with Palisade largest non-fs risk management…… Continue reading Meet the people behind the risk management revolution in Russia and CIS
I couldn’t resist drawing this picture in the morning. This is all you need to know about current risk management best practices, COSO ERM 2017 and ISO31000 2018. Yes, the new standards/frameworks and best practices are BETTER than just doing a list of risks. And if it was 2005 I would be super excited. But…… Continue reading I couldn’t resist drawing this picture in the morning
Originally written for RM GURU and posted on http://riskmanagementguru.com/competencies-risk-managers-non-financial-companies-really.html/ Here is also a short video summary of the article: https://www.youtube.com/watch?v=nqmnycKZwgg A while back I saw some discussions about competencies that risk managers should have. Some people talked about empathy and emotional intellect, others about strong communication skills and networking. And I though to myself, what a…… Continue reading What competencies should risk managers outside of banks and insurance companies really have?
Institute for Strategic Analysis Risk (ISAR) and http://www.risk-academy.ru present artificial intelligence chat-bot that helps non-financial companies and government agencies evaluate risk management effectiveness, determine risk management maturity level and develop a set of recommendations for integrating risk management into decision making and core business processes. This is an amazing tool that can help companies quickly and efficiently…… Continue reading Risk management chat-bot – use AI to measure risk management maturity
Must read for all risk managers. You may ignore the findings, but a must read nevertheless: The risk matrix (RM) is a widely espoused approach to assess and analyze risks. RMs have been implemented throughout that industry and are extensively used in risk-management contexts. This is evidenced by numerous SPE papers documenting RMs as the…… Continue reading The Risk of Using Risk Matrices