Tag Archive: risk management
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 [...]
IMPROVING RISK GOVERNANCE Bron: Alex Wittenberg, Partner, Oliver Wyman Global Risk Center Recent global shocks, such as the 2008 financial crisis, have driven policy makers and industry strategists to re-examine how to prepare for and respond to such events in the future, whether they arise in financial, natural, public health or even political systems. This [...]
Source: THE ECONOMIC UPDATE, July 2011, PRIMO Malta John O’Dea speaks to Martin Vella about the importance of developing exchanges of information and expertise to establish risk management as a natural and integral part of good public governance. EDITOR’S NOTE John O’Dea is President of PRIMO Malta and a member of the Executive Board of [...]
Adding the outside-in perspective to Enterprise Risk Management Source: Principal RiiR Author: Koenraad van Hasselt Could Toyota, BP, SHELL, ENRON and WorldCom have avoided the damage to their reputations ? Probably not, but if only their Executive Boards would have been informed about early signals of negative stakeholder opinion, they might have gained valuable time [...]
Author: Tom Wustenberghs, President PRIMO Europe Source: RISK Management & Governance, Edition 6, Summer 2010 It is very tempting to dedicate this editorial and this issue to the financial and economic crisis that we have been experiencing for almost two years and the effects this has on the budgets of public organisations. I will not [...]
It’s good to take risks—if you manage them well. Source: McKinsey Quarterly Risk is what ultimately creates shareholder value, at least when it doesn’t destroy shareholder value, so managing risk should rank among the core activities of any business. Yet as a McKinsey Quarterly article pointed out back in 2003, “the corporate meltdowns of recent [...]
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 [...]
June 21st, 2010
Tags: hand books, projectmanagement, public private partnership, risk management, Tool
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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 [...]
Towards a tailor-made approach to the benchmarking and monitoring of the energy and climate policy of cities Source: KPMG Advisory “Cities are responsible for about eighty percent of the global energy consumption and half of the total greenhouse gas emissions (European Commission, 20081). Cities are therefore one of the key locations in the fight against [...]
The most far-reaching approach to risk management is taking radical measures and simply block further loss of precious values, societies and ecosystems. Blocking desertification in Chad financed by the World Bank is such a mega-project. It seems to be an example of smart thinking and a holistic and coordinated approach. The risks related to the [...]
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