Are risk heat maps useful?

Alex Sidorenko from RISK-ACADEMY talks about risk heat maps and why they are a complete waste of time. There are at least 3 better ways to present risk management information. https://www.youtube.com/watch?v=XFwWLgKUJNQ   Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

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What should a typical risk management framework include?

What should a typical risk management framework include? Should an organisation develop a single integrated risk management framework document or is there a better way to integrate risk management into business processes and corporate culture? https://www.youtube.com/watch?v=KMuhcmeJRgE   Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

What is the role of modern day risk manager?

Is it methodology expert, facilitator, educator or a policeman? Maybe everything of the above? If so, in what proportion? Write your comments below and subscribe to our youtube channel. https://www.youtube.com/watch?v=hpix1vRb5wY   Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

Designing the best risk management training

To train or not to train? Risk management may seem simple enough in theory, yet many employees still don’t have the necessary skills and competencies to successfully apply it in practice. One of the key components in building risk management skills is no doubt employee training and development. But how effective training really is? Interestingly, I found the…… Continue reading Designing the best risk management training

5 reasons why internal audit may be the best place for the risk manager to sit

A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s place in the overall organizational structure. Since there is really no single right answer, the few common options include: reporting directly to the CEO, reporting…… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit

Why risk management in SME is better than in large corporations

Couple of weeks ago I was very fortunate to host one of the roundtables during the FERMA risk seminar in Malta. I am very thankful for the opportunity because the experience of brainstorming for 45 mins with the representatives from various small and medium enterprises (SMEs) really highlighted some major problems with modern day risk…… Continue reading Why risk management in SME is better than in large corporations

Building risk culture is easier than making hot dogs

Yes, building risk culture is that easy! Before I explain, let me first clear few weird misconceptions about risk culture that have been floating around in the non-financial companies: Making decisions under uncertainty is not natural for humans Back in 1970s scientists had a breakthrough in understanding how human brain works, what influences our decisions,…… Continue reading Building risk culture is easier than making hot dogs