vendor management

operational risk management

Integrating Strategic Risk Management and Operational Risk Management

Most organizations, if not all, have some level of operational risk management. Some organizations are focused on operational risk related to safety or contract oversight of vendors for example. But a common view of operational risk management is slightly broader by examining risks associated with the actual daily operations of the organization. Examples include understanding…
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8 Possible Consequences of Not Being Proactive in Risk Management

Rather than discuss the benefits of risk management in this article, I want to take some time to explain what can possibly happen if you do not proactively identify, assess and manage risks in your organization. As I explain elsewhere, risks in the ERM context is more than just potential hazards – it includes any…
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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…
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Supply Chain Risk Management – Ensuring You Can Handle a Vendor Outage

Questions and considerations for making sure your company can stay in business during supply chain disruptions   A recent white paper published by Transvoyant titled “A Revolution in Risk Management” discusses the use of data analytics and artificial intelligence in supply chain risk management.  While it was extremely interesting how companies can use the evolution…
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