ERM professional

software

How can your ERM Software serve both Risk Managers and Executives?

One key point I emphasized in my ERM software buyer’s guide is that, in spite of the vast amount of commentary on the challenges of risk appetite and other risk management concepts, no topic is more difficult to grasp and execute than choosing the right risk management software system for meeting the company’s needs. Before…
Read More
planning sessions

3 Simple Steps to Be Invited to Strategic Planning Sessions

One issue that executives, Board members, and other company leaders continue to raise in surveys and elsewhere is that ERM doesn’t provide strategic advantage or valuable insights to decision-making. Reports received by business unit and company leaders typically regurgitate a list of risks and rehash what they already know. As we discuss in this post…
Read More
risk management professional

How an Aspiring Risk Management Professional Can Break Through

As my blog has grown, so too have questions from readers located around the world. I always enjoy and appreciate when risk professionals reach out to me with their specific challenges – thank you!! In addition to questions about risk identification, risk appetite, risk monitoring, and other technical challenges, I often field questions from both…
Read More
changes in risk owner

Avoid the Scramble: Proactively Plan for Changes in Risk Owner

Wouldn’t it be nice if a risk simply went away when the risk owner left the organization or changed roles? Okay, now wake up from that dream…this doesn’t happen in real life. As a previous article on assigning a risk owner explains, the ERM unit does not actually manage risks. Instead individual(s) who are close…
Read More

3 Easy to Use Tips to Understanding Why Executives Want ERM

Any endeavor, whether it is personal or in business, has a reason or motivation for its pursuit. Take exercise for example… If you’ve ever hit the gym, taken a Zumba class, or worked with a trainer, there was an underlying motivation. Example motivations are a desire to lose weight, build strength, build endurance so you…
Read More

5 Key Personas of an Effective ERM Professional

When my blog was still pretty new, I published in early 2017 an article on the qualities of an effective ERM professional. Three years may not seem like a long time, but it is when considering how fast things are changing. Although the original article contains information that is still relevant today, I felt it…
Read More

Why Reactive Decision-Making Can Be Devastating and How to Improve It

In response to the coronavirus pandemic, companies are having to make hard choices on how to survive and thrive through this uncertain time. Instead of taking time to consider potential impacts of their options, too many companies are taking a very reactive approach to their decision-making. The book Decision Quality: Value Creation from Better Business…
Read More

7 Tips on Conducting a Successful Risk Appetite Workshop

A few months ago, I published an article outlining how risk professionals can develop engaging presentations and workshops. In the article, I discuss how ERM presentations are more than just a report, but instead a way to engage key stakeholders. Although a risk appetite workshop was used as an example in the previous article, a…
Read More
Menu