Risk News

  • ERM success

    Why ERM often fails to add value to decision-making


    Put aside the aside the risk register, stop focusing on operational processes, harness the relationships you have throughout the organisation – the steps to ensure ERM is focused on the future and supports decision-making, writes Carol Williams, enterprise risk management consultant and founder of ERM Insights

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    Does the Notre Dame blaze mark a failure in risk management?


    The fire all but destroyed the roof of the 850-year-old building and felled its spire, to the dismay of thousands of horrified onlookers who lined the streets of Paris. Risk managers in France and across Europe ask, could the disaster have been prevented by more effective risk management?

  • new thinking in risk 15

    The future is in the ‘radical risk management process’


    Risk management is a mental process, not a technical one of data gathering, evaluation and reporting. Those who do nothing will just be exploited by those who constantly change and improve. So, swap tradition for a four-tiered ‘radical’ risk management process, writes Horst Simon of Risk Culture Builder

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    Brexit deadline extension could cost firms big


    For Carl Leeman, the chief risk officer of logistics firm, Katoen Natie, Brexit plans for his business are underway. But he warns that the extension, while better than no deal, will significantly bump up operational costs for most companies

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    How the Prysmian Group is preparing for a hard Brexit


    Supply chain and business interruption are some of the challenges that Alessandro De Felice, chief risk officer at the Prysmian Group and Ferma board member, is trying to mitigate as he prepares his business for the UK’s departure from the EU

  • Door

    Traditional risk management versus ERM


    Traditional risk management is a one-dimensional view connected to assessing insurable risks; and ERM can help peel back the onion layers to additional dimensions of risks. So how do we go beyond one-dimensional risk assessment? Carol Williams, enterprise risk management consultant and founder of ERM Insights, has this advise

  • alternative

    Finally, an effective alternative to risk matrices


    Alternatives to risk matrices have been around for decades, the question is why aren’t risk managers using more effective methods? Alex Sidorenko, chief executive of Risk Academy, outlines the steps to enhancing the use of matrices

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    Four ways to tell your ERM programme is successful


    Support from leadership, the role of the strategic partner, impact on organisational culture and ideas turned into value – are some of metrics of a successful ERM framework. But what do they mean? Carol Williams, enterprise risk management consultant and founder of ERM Insights by Carol, tells us more

  • Patrick Smith
    Online only

    Don’t make tools the shop window in risk management


    Traditional risk management tools are limiting the effectiveness of risk management and holding the risk management profession back, says Patrick Smith, managing director, Acumen Advisory.

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    Online only

    Are we sleep walking into a crisis?


    ’This is the way we have always done it’ is the most dangerous phrase in modern risk management argues Warren Black, founder and principal, Complexus.