Risk & Opportunity Management

Top 2022 Risks and Resources

Top 22 Risk Management (…and Other) Resources for 2022

Although this past year pales in comparison to the upheaval of 2020, it can still be summed up in one word: chaotic. Between the Great Resignation, accelerating inflation, supply chain woes, the Delta variant, and industry-specific challenges, organizations of all sizes and purposes faced incredible obstacles that were unheard of just a few short years…
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6 Steps to Building a Vibrant Performance-Focused Risk Culture

Even without the disruptions and displacements caused by the COVID-19 pandemic and various responses to it around the world, companies are experiencing an unprecedented amount of challenges that were unheard of as recently as a decade ago. Changing regulations, shifting consumer demands, rapidly evolving technology, and an overall uncertainty of what the future holds are…
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5 Simple Questions for Assessing the Effectiveness of ERM Processes

It’s hard to believe that we’re nearing the end of 2021! Whether it’s improving health, changing eating habits, or some other goal, the New Year always represents a great opportunity for a fresh start. A company’s ERM processes are no different… The end of the year represents an ideal time to take a step back…
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What Risk Ownership Is and Isn’t

In a previous article on assigning a risk owner, I discuss how designating someone to be accountable for a risk is important for ensuring that it does not fall through the cracks and that an appropriate response is developed and acted upon in a timely manner. The article provides a high-level overview of when a…
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International Consultant Offers Insights for Helping Companies Improve Resiliency

Earlier in November 2021, I published a quick primer on the fundamentals of business resiliency… Extending on this topic, I am delighted to present the following interview with renowned risk and resilience consultant Gareth Byatt. Besides his firm, Risk Insight Consulting, where he helps companies across a variety of industries and locations, Gareth is also…
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Is Technology Enabling or Hindering your Organization’s Success?

Earlier this year, our risk consulting firm and blog celebrated its five-year anniversary…suffice it to say that it’s been a wild but quite fulfilling ride… When starting out as a solo-consultant and entrepreneur, I didn’t need much in terms of technology tools. Simple spreadsheets, local file storage, a free Zoom account (long before it was…
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5 Questions for Understanding the Fundamentals of Business Resiliency

One of our most treasured possessions on our property here in northern Florida are all the beautiful live oak trees with the one pictured above being the largest of them all. Although they can cause allergies in some people when they begin budding new leaves in the spring, residents and visitors alike treasure these trees…
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Navigating Risks and Opportunities of the Changing Nature of Work

When the COVID pandemic forced many companies to shift to a remote work arrangement last year, it represented “…one of the greatest disruptions to work in generations.” This disruption forced both executives and workers to be more innovative, with companies spending over $300 billion last year on technology to facilitate working from home. The transition…
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3 Factors to Consider Before Escalating Risk Issues to the Board

After beginning as a requirement for financial firms, active Board oversight of risk management has increasingly become an expectation, even a necessity, for all types of organizations over the last 20 years. The annual State of Risk Oversight report from North Carolina State University corroborates this. According to their survey, a high number of Boards,…
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