Risk Identification eBook
Play

Podcast: Play in new window | Download

Traditional vs. ERM – Going Beyond One-Dimensional Risk Assessment

Podcast: Play in new window | DownloadIn my popular article on traditional vs. enterprise risk management, one distinct difference is how traditional risk management assesses risk from only one-dimension or point-of-view. In most cases, the use of a one-dimensional view is strongly connected to insurable risks and determining the potential impact or loss from a…
Read More

Decision Focused Risk Management is not that Different

By Hans Læssøe To many risk managers, who have spent years identifying, analysing and mitigating risks, the concept of decision focused risk management may seem very different, daunting or even somewhat scary. However, despite the inherent differences, the change is not as big as it may appear at first. Yes, there are differences. Let me…
Read More

COSO ERM Framework – Background & Overview

The COSO ERM framework is one of two widely accepted risk management standards organizations use to help manage risks in an increasingly turbulent, unpredictable business landscape. We previously discussed the background and a general overview of the other commonly used ERM framework, ISO 31000. COSO, which is short for the Committee of Sponsoring Organizations of…
Read More

Poor Risk Culture Leads to Largest Corporate Fine in Australia’s History

I had an interesting conversation a few months ago with a risk professional in Australia who told me about a scandal involving his country’s largest bank, the Commonwealth Bank of Australia (CBA). CBA not only operates in Australia, but also New Zealand, Asia, the U.S. and the U.K. Unlike banks in the U.S. and Europe,…
Read More
ERM standard

The ISO 31000 ERM Standard – Background & Overview

Since its inception, ISO 31000 has become a widely accepted standard for enterprise risk management by private corporations, government bodies, and nonprofit organizations throughout the world. Although the ISO standard has only been around for 10 years, its origins date back to 1995 when the AS/NZS 4360 standard from Australia and New Zealand was first…
Read More

Expanding your Abilities with the Growth Mindset

While traveling to a client site last week, I had a really interesting conversation with an attorney sitting next to me on a flight from Atlanta (…I can’t fly anywhere without going through Atlanta first). She talked about a book she had read that talked about grit and a Growth Mindset, which got me thinking……
Read More

7 Questions for Understanding the Fundamentals of Risk Appetite

The concept of risk appetite is probably the most confusing and controversial part of the enterprise risk management process. If you do a search for risk appetite, you will find a wide variety of perspectives on how to develop and use it. While there may be an implied risk appetite or a generic statement on…
Read More
risks to initiatives

How to Ensure Risks to Initiatives are Being Considered Alongside Objectives

A reader sent me a question about identifying risks to initiatives… More specifically, the reader wanted to know how she could ensure that risk identification focused on objectives doesn’t lose sight of risks that may be associated with initiatives. Before going any further, I want to provide a couple of quick definitions: Objectives – a…
Read More

Meet Carol

​As an enterprise risk management consultant, my goal – and a real passion! – is ensuring companies have the tools they need to identify and properly manage threats and opportunities to business objectives ... Read More

Get our latest blogs directly in your inbox!

Menu