The World Economic Forum launched the Global Risk Report 2012. Quote: “Economic imbalances and social inequality risk reversing the gains of globalization, warns the World Economic Forum in its report Global Risks 2012. These are the findings of a survey of 469 experts and industry leaders, indicating a shift of concern from environmental risks to [...]
Policy Brief: Analysis, illustration and recommendations Source: International Risk Governance Council (IRGC) ‘The International Risk Governance Council (IRGC) defines risk governance as the identification, assessment, management and communication of risks in a broad context. It includes the totality of actors, rules, conventions, processes and mechanisms concerned with how relevant risk information is collected, analysed and [...]
Effective risk management is an integral part of value creation and preservation Source: Directorship In the “good old days” of the post-World War II era, buffers of space and time gave organizations more leeway to react and adapt. Events in remote places seemed to have little impact and were more insulated. Information was available to [...]
One of the key factors in risk management is control over your programme or project. The Office of Government Commerce (OGC), developed a review process te enhance the quality of management. Source: OfficOGC/Gateway Review Process “The OGC Gateway Process examines programmes and projects at key decision points in their lifecycle. It looks ahead to provide [...]
Risk Management & Governance is our new European magazine for public leaders, managers, specialists and advisors working in the public ‘risk’ domain. We hope to contribute to a better awareness, dissemination of knowledge and sharing of experiences and best practices in Europe, underlining that risk management is a key factor for good public management and [...]
10 Ways to improve risk management
Door* Marinus de Pooter** With an awareness of common shortcomings, internal auditors can help their organization better meet stakeholder expectations and ensure business objectives are achieved. Why do risk management implementations and functions often fail to deliver what is expected? And what causes senior management to feel that its investments in risk management systems are not delivering the expected returns? Many factors, potentially, are to [...]
Innovation Risk: How to Make Smarter Decisions
By Robert Carhart Merton for Harvard Business Review New products and services are created to enable people to do tasks better than they previously could, or to do things that they couldn’t before. But innovations also carry risks. Just how risky an innovation proves to be depends in great measure on the choices people make in [...]
Expectations of Risk Management Outpacing Capabilities
It’s Time For Action By KPMG About the survey In December 2012, the Economist Intelligence Unit carried out a global survey on behalf of KPMG international. This survey gathered data from 1,092 respondents around the world in a closed-ended online questionnaire. All were C-level executives: 28 percent were Chief executive officers or equivalent and 18 [...]
Managing the people side of risk
Companies can create a powerful risk culture without turning the organization upside down. By Alexis Krivkovich and Cindy Levy for McKinsey & Company Insights & Publications Most executives take managing risk quite seriously, the better to avoid the kinds of crises that can destroy value, ruin reputations, and even bring a company down. Especially in the wake [...]
Global Risk Management Survey 2013
Aon’s 2013 Global Risk Management Survey report is part of this process, capturing the latest risk trends and priorities facing companies around the world. The report unveiled the top 10 risks now and three years in the future. Conducted in Q4 2012, the web-based survey gathered input from 1,415 respondents — a 47 percent increase [...]
