Tools & Skills

Compliance vs. Risk Focused Software – Can One System Serve two Masters?

To save time, money, or both, many of us have the tendency to re-purpose tools and processes for something they weren’t originally intended for. Depending on the circumstances, this approach sometimes works … Take, for example, a client who uses a system called Jira designed for facilitating IT help requests. With a few tweaks, this…
Read More
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…
Read More

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…
Read More
Classifying Risk

4 Questions for Properly Categorizing Risks

Many, if not all, ERM thought leaders, including myself, agree that risk identification forms an essential foundation of an effective ERM process. Taking a haphazard approach is one of several preventable mistakes companies make with risk identification that can lead to wasted time, resources, and a general loss of credibility in the minds of executives.…
Read More
Risk Appetite

Risk Appetite: Bridging the Gap Between Two Extremes

If there’s one thing I have come to appreciate in my life, it’s how there can be so many perspectives and wildly differing opinions around a given topic, be it politics, religion, sports, or even something as inane road maintenance in a neighborhood association (don’t ask!). In the risk management world, few other topic garners…
Read More

How to Achieve Organizational Goals with Scenario Planning

For this week’s post, I would like to share an article written for Carrier Management, a quarterly journal targeting executives in the property & casualty insurance industry. Although examples are specific to the insurance industry, the advice and insights are applicable to any organization. Whether formally documented or not, every organization is going to have…
Read More

5 Steps to Avoiding Analysis Paralysis

Thoughtfulness is a wonderful trait and one my family and I strive for each day. In the professional setting, it’s also considered an essential leadership quality that ultimately yields better results for an organization. Individuals who process information more deeply than others can be called “sensitive strivers,” according to executive coach and author Melody Wilding…
Read More

12 Resources to Help Guide Strategic Planning for 2022

As we near Labor Day and summer draws to a close, we’re also entering that time of year when organizations begin their strategic planning for the next calendar year. It seems that September and October are the best months for this important task since summer vacations are ending and the year-end holidays are still a…
Read More

Qualitative vs. Quantitative Risk Assessment – Can There Be a Middle Road?

In my years as both a risk practitioner and ERM consultant, there has and continues to be intense debate around methods for assessing risks. (If you are unfamiliar with the meaning of qualitative and quantitative, this article provides a quick overview.) To illustrate this debate, take the following two comments from a previous article asking…
Read More
Menu