By Kevin Knight The air traffic crisis provoked by the Icelandic volcano eruption, with its accompanying economic and societal effects, is analyzed through the lens of the ISO 31000 risk management standard by the leader of the group of ISO experts who developed it. The cloud of ash from the Icelandic volcano which has wreaked [...]
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 [...]
BP counts the political and financial cost of Deepwater Horizon A disaster as the oil leak in the Gulf of Mexico is not anymore the domain of a private company, an accident, but has been centered into the heart of the public domain, public governance and of public risk management. This story in The Economist [...]
Source: Ernst & Young, partner of PRIMO Europe Information serves as an integral part of most business processes. Organizations cannot survive without information and the supporting systems, third parties and manual activities that collect, derive, process, store and make available the information. Organizations rely on information and, therefore, are at risk when the information is [...]
Twenty years ago The Club of Rome brought forward the prognose that with the present techniques (1990) there would be enough drinkable clean water on Earth for 3 billion people. Now we are with much more people on our planet. Of course techniques are better, but with the combination with climate change makes it all [...]
Considering the fact that many surveys and studies bring forward the vulnerability of the human factor in all kind of processes, and that risks seems to emerges as human mistakes, it is good to know the background and environment of human behaviour at work. We think that the Risk Observatory of the European Agency for [...]
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 [...]
