Remote Work: Is Your Company Making a Strategic Decision or Being Reactive?

It’s probably not shocking news that the interest in remote work has accelerated dramatically in the midst of the coronavirus pandemic. According to Global Workplace Analytics, only 3-4% of the workforce was remote before the COVID crisis, but by the end of next year, this number could jump to 25-30%…talk about a radical change! There…
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Are Top Risk Reports Really Helpful to Organizations?

As we enter a new year (…and a new decade), it’s always a good idea to take a step back to see what may impact organizations in the year ahead. Every fall, NC State’s ERM Initiative, in partnership with Protiviti, surveys C-suite executives and Boards across a variety of industries to gauge what they see…
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Top 20 Risk Management (…and Other) Resources for 2020

It’s hard to believe that a new decade is now upon us. The 2010s were an exhilarating time for me both personally and professionally… It was a decade ago when I assumed the role of building an ERM program from the ground up for a large Florida property insurance company. That experience led me to…
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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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What are Organizations’ True Barriers to Implementing ERM?

My posts for this month (May 2019) have focused on results from the 2019 State of Risk Oversight report from NC State. Each of these posts (see here and here) not only reported survey results but also included additional commentary based on my experience. Up to this point, I had no reason to challenge anything…
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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…
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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…
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Top 19 Risk Management Resources for 2019

This time last year, I wrote a well-received article providing my favorite 18 risk management resources. Well, it is time to provide a new list of 19 resources as you start making progress towards achieving your 2019 goals for risk management. Over the recent months, I have really focused on expanding my skills outside of…
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