Is risk management policy useful?

Alex Sidorenko from RISK-ACADEMY talks about documenting and publishing a risk management policy. https://www.youtube.com/watch?v=iFc0CXdTYfs   DOWNLOAD THE FREE RISK MANAGEMENT BOOK: https://www.risk-academy.ru/en/download/risk-management-book/ 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

How to move from risk management to risk-based management

According to the ISO 31000:2009, principles risk management should be an integral part of organisational processes and decision making. Picking up on that important point, risk management should be seen as a management tool designed to improve planning, budgeting, performance management and other core business processes. Risk management also helps management to make more informed…… Continue reading How to move from risk management to risk-based management

What is the ultimate goal of risk management?

Is risk management a management tool or a separate profession. I share my thoughts in this video. It was viewed more than 2000 times and raised a lot of debate, please share your thoughts as well. https://www.youtube.com/watch?v=QOiks_T7EyQ   DOWNLOAD THE FREE RISK MANAGEMENT BOOK:  https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to…… Continue reading What is the ultimate goal of risk management?

Making money by better managing business risks

Originally published by Alex Sidorenko in Times of Malta: http://www.timesofmalta.com/articles/view/20170130/business-news/Making-money-by-better-managing-business-risks.638039 As we continue to adapt to a highly volatile environment and increasing regulatory pressures, businesses should be more proactive about risk management. There are three reasons why organisations may want to invest in risk management activities: 1. Reduce compliance costs There are certain risks that…… Continue reading Making money by better managing business risks

Who should the risk manager report to?

Alex Sidorenko from RISK-ACADEMY talks about the place of the risk manager within the organisational structure, as well as pros and cons of different reporting lines for the risk manager. https://www.youtube.com/watch?v=r2b005LDwLA   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

The whole concept of risk-appetite is total nonsense

The concept of risk-appetite has been around for years, yet so many risk practicioners 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. First, disclaimers. The following article only applies to non-financial companies, just like everything else…… Continue reading The whole concept of risk-appetite is total nonsense

Finding the right sponsors for risk management

(extract from the Guide to effective risk management 3.0, read the full book for free: https://www.risk-academy.ru/en/download/risk-management-book) A large part of risk management success depends on the support and commitment from executives, Board members and key stakeholders. It is important, as early as possible, to identify specific people at different levels within the organisation who support…… Continue reading Finding the right sponsors for risk management