Posts by Carol Williams

strategic planning

6 Quick-Glance Resources for ERM to Support Strategic Planning

We’re fast approaching that time of year when organizations start their strategic planning.  It literally seems like yesterday we were talking about goals for 2019. Before you know it, 2020 will be here! Risk professionals like you play a key role in ensuring executives are making the most informed decisions possible. These decisions are among…
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Don’t waste time managing risks

Risk management as a concept is undergoing changes, as most everything else. New developments and an ever-increasing speed of change adds and changes the demands for risk management- both in terms of what to do, and how to do it. The world is changing faster than ever before – and anxiety as to the speed…
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Using an ERM Assessment Process to Understand Vendor Risks

Every organization – even my boutique consulting firm – has vendors who provide a range of products or services. These can include things as simple as Internet services and office supplies to data storage, software, and raw materials to manufacture a product, and more. Any disruptions with a vendor will inevitably spill over and impact…
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16 Essential Questions to Ask for Effective Scenario Planning

At a high level, the ultimate goal of scenario planning is to help executives better understand the impacts of new goals and objectives to ensure the goals set out in the organization’s strategic plan are the right ones. Why use scenario planning? It is an effective tool to discover and test assumptions to ensure executives…
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ERM: The Non Risk-Centric Approach

I published an article last week on risk monitoring and how critical it is to the success of ERM. Not only did the article provide a definition of risk monitoring, it also went in to some detail on why it’s important, why it must be approached with care, methods for risk monitoring, reporting, and other…
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