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Three Ways to Reduce Organizational Change Risk

Organizational change is something we experience and hear about all the time. Don’t you get tired of change? Goodness knows, I do! How many times has an organizational change, like a merger, acquisition, internal reorganization, or market expansion, not succeeded? Too many times to count. In fact, a CEB 2016 Workforce Change survey showed that…

Practical Steps for Preparing and Responding to Risk Events

Everyone’s afraid of something. Most people seem to be afraid of normal things, like clowns, spiders, or public speaking. But for risk managers, our greatest fear is that all of our hard work will be for nothing. The risks we worked so hard to identify, assess, and report—the known and the unknown, the black swans…

2 Simple Steps to Knowing If Your Organization Needs Enterprise Risk Management

You may be shocked to hear me say this… Not every organization needs enterprise risk management (ERM). Of course, before you can know if your organization needs ERM, you have to make sure you understand the differences between ERM and traditional risk management. Then you can start the next step in the process: Step 1:…

4 Ways ERM Can Add Value During the Project Lifecycle

A Risky Upgrade Sometimes the simple projects are the ones that carry the most risk. A few years ago, a large organization undertook a project to upgrade its HR software. Since the upgrade was to be handled as part of a renewal of an existing contract, the Sponsor and executives considered it a necessary project…

3 Best Practices for Factoring Risk into Your Strategic Planning Process

No one enjoys strategic planning exercises. They conjure images of a stuffy room filled with executives in dark suits, stacks of paper strewn across the table, and whiteboards covered in scribble. Even in the most collaborative organizations, each executive represents his own department as he vies for the few dollars set aside for yearly projects.…

5 Critical Steps to Cultivating a Positive Risk Culture

Your company keeps experiencing negative events like vendor(s) not keeping their commitments, product changes that weren’t received well, or people leaving the company in droves because they feel like their job has no meaning or they are not valued. Management doesn’t understand why these events keep happening much less how to address them; they just…

Enterprise Risk Management as a Strategic Tool for Companies

I previously wrote an article referencing the latest report from the Enterprise Risk Management (ERM) Initiative at North Carolina State University, in partnership with the American Institute of Certified Public Accountants (AICPA). Their 8th State of Risk Oversight report provides an overview of ERM practices for a variety of industries. Although the previous article was…

Recent Southwest and Delta Outages Expose Huge Technology Risks

Just in the last month, two of the country’s largest airlines experienced massive technology outages that reverberated throughout their entire operation(s) during the peak summer travel season. The first outage occurred on July 20 when a computer meltdown led to the grounding of Southwest flights over a 3-day period. Although flights could land, the computer…

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