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 [...]
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 [...]
For the combination of the political, social environmental, social, legal and the technical complexity of Public Private Partnerships, Competitive Dialogue is an adequate procedure to enhance the total quality and governance of PPP. This was brought forward during the PRIMO Round Table in Brussels, the 10th of June 2010. It is consequently a risk management [...]
The International Organization for Standardization (ISO) in Genève started in 2005 the development of a guidance standard on risk management. An ISO working group was established to develop a Committee Draft called ISO CD31000. The standard “gives generic guidelines for the principles and the adequate implementation of risk management. It is not intended to be [...]
General handbook about Enterprise Risk Management (US, 2004) COSO is a voluntary private sector organization dedicated to improving the quality of financial reporting through business ethics, effective internal controls, and corporate governance. This framework, prepared for The Committee of Sponsoring Organizations of the Treadway Commission (COSO), details the essential components of enterprise risk management and [...]
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 [...]
By Daniel Cressey for Nature “Across the globe, hives of honeybees are dying off in a phenomenon known as colony collapse disorder. Among the proposed culprits are pesticides called neonicotinoids, which are supposed to be less harmful to beneficial insects and mammals than the previous generation of chemicals. Debate over neonicotinoids has become fierce. Conservation groups and [...]
The economic crisis in Spain has led to an increased awareness among senior executives of how risk must be managed globally. Read more > Leer más > (en espagñol) Source: Strategic Risk
A framework in development By Ed Mallens and Jack P. Kruf The International Organization for Standardization (ISO) has worked on the ISO 31000 as referential framework for risk management in organizations. The setting has been outlined by ISO very clearly: “Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as [...]
