McKinsey&Company If you wanted to validate the old adage that the only constant in life is change, the results from our newest McKinsey Global Survey suggest you need not look any further than the CFO role. In the two years since our previous survey on the topic, CFOs say the number of functions reporting to them has risen from about […]
The new Twilight Zone between crisis and risk management
Arjen Boin* and Martin Lodge** discuss the unique challenges for organizing oversight | Risk & Regulation Magazine, Summer 2019, Issue 37. Traditionally, the worlds of crisis and risk management have been clearly demarcated and neatly separated. The world of risk management is largely one of calculating probabilities of nasty events and assessing the level of impact should these materialize. It’s […]
District heating and cooling
Brussels, 10th of October 2019. PRIMO participates in meeting focused on ‘cities going circular for a carbon neutral Europe.’ Cities and their managers are key stakeholders to ensure successful energy transition that would lead us towards carbon neutrality by 2050. The local technical, financial and managerial innovation takes place precisely in urban settings, which are also pioneers of integrating circularity […]
Risk & Resilience Festival
Enschede, 7th of November 2019 PRIMO will be organising partner of University Twente in this festival. Theme is ‘Risk meets resilience for a sustainable future’. The festival is a meeting place and a source for inspiration for every employee and councilor working for or being involved in the public domain. Discover what the latest developments are in risk and resilience […]
ISO 31000:2018 – risk management guidelines
PECB The ability of predicting what the future holds and choosing effectively among varying alternatives lies at the center of contemporary societies and organizations. Risk management helps us navigate over a broad range of decision-making processes, from making investment decisions to safeguarding our health, from waging war to planning families, from paying insurance premiums to wearing a seatbelt when we […]
Harrie Scholtens enforces PRIMO
Harrie Scholtens will join the team of PRIMO as public governance expert, starting Monday 1st of July 2019. With his extended international network, his knowledge of the public domain and his systematic efforts in the last years on the interface of quality and risk management he brings new impulses to the development of the association in Europe. Harrie is a […]
‘Result in times of transition’
Tilburg Institute of Governance (TIG), Tilburg School of Economics and Management (TiSEM), both part of the Tilburg University and Public Risk Management Organisation (PRIMO) Europe, the premier international network for the development and dissemination of products and services related to value and risk governance within the public sector in Europe, will start a collaboration in a strategic alliance in an international context. […]
Myopic Voters and Natural Disaster Policy
Andrew Healy, Loyola Marymount University, and Neil Malhotra Stanford University In our democratic system citizens vote for their representative politicians, elected councils as well their public leaders, governors and governing councils. But what about the perception by citizens of how risks are handled by their leaders and what about citizen’s appreciation of proactive thinking by councillors related to public risks when it comes […]
Don’t manage RISK — Manage VALUE
Marinus de Pooter * | Internal Auditor, June 2019 Risk management’s traditional focus on adversity is changing. The Committee of Sponsoring Organizations of the Treadway Commission’s (COSO’s) 2017 Enterprise Risk Management (ERM)–Integrating With Strategy and Performance framework now refers to risk holistically as “the possibility that events will occur and affect the achievement of strategy and business objectives.” With “adversely” removed from the definition, a risk is […]
The Hague Resilience Strategy
The Hague’s Resilience Story As the home to several international organizations including the International Criminal Court, Eurojust, Europol and the Organisation for the Prohibition of Chemical Weapons, the Hague has built a strong reputation as the international city of peace and justice. However, we cannot rest on our reputation. Today we are facing new major challenges such as climate change, […]
The secret of risk management
John O’Dea Risk Management is as old as Methuselah. Although there are no records in the book of Genesis that indicate that Adam and Eve carried out a risk assessment, their world and ours might have been a different place had they given it some thought. The world might also have been a different place had the developed nations – […]
Upheaval: Turning Points for Nations in Crisis
Jared Diamond | Little, Brown and Company A “riveting and illuminating” (Yuval Noah Harari) new theory of how and why some nations recover from trauma and others don’t, by the Pulitzer-Prize-winning author of the landmark bestsellers Guns, Germs, and Steeland Collapse. In his international bestsellers Guns, Germs and SteelandCollapse, Jared Diamond transformed our understanding of what makes civilizations rise and […]
The digital future of government services
Frank Weise, Cordence, Global Head of Public Sector & Health Care “Digitization is not only changing our business environment introducing completely new disruptive business models but is also offering completely new perspectives to enhance government services in terms of citizen or client centricity, accessibility of services, quality and efficiency. Looking at the demographic developments in many mature economies, digitization can be […]
The Risk of Leadership
A plea for a new search for modern leadership* By Jack Kruf Yes, we have our democratic system as a great set of principles and values for good public governance. Public leadership is embedded in this, at least it should be. You may expect excellent results, because the democratic system traces back to the Greek δημοκρατία 508 BC. From there […]
Confronting the risks of artificial intelligence
By Benjamin Cheatham, Kia Javanmardian, and Hamid Samandari | McKinsey Quarterly With great power comes great responsibility. Organizations can mitigate the risks of applying artificial intelligence and advanced analytics by embracing three principles. Artificial intelligence (AI) is proving to be a double-edged sword. While this can be said of most new technologies, both sides of the AI blade are far sharper, […]
Public Risk & Resilience Forum: The Art of Risk Management
25th of June 2019, Zwolle, The Netherlands. The upcoming meeting is about the art of risk management. PRIMO will meet with a selection of its members to discuss the present state of Risk Management in The Netherlands.
RSM Germany: strong risk culture more important than regulations
Source: European CEO. A successful risk management system requires more than just rules and regulations: it requires a culture that works across all levels of an organisation. In the aftermath of the Enron and WorldCom accounting fraud scandals, the US Congress took it upon itself to introduce tighter industry regulations by passing the Sarbanes-Oxley Act in 2002. While legislative action […]
WMO Statement on the State of the Global Climate in 2018
WMO’s latest report on global temperatures, extreme weather and climate change indicators and socio-economic impacts is “yet another strong wake-up call” on the need for more ambitious climate action, according to United Nations Secretary General António Guterres. The WMO Statement on the State of the Global Climate in 2018 was formally launched at a joint press conference with the UN Secretary […]
Dialogue on Risk
Effects of Project Risk Management on Project Success. Karel de Bakker | 2011 | University of Groningen “For almost 4 years, all outcomes of this PhD research project have been presented in English. For a good reason, because English is the leading language in the world of science. However, Dutch remains my first language, and it is much easier for […]
12 Principles of Good Governance and European Label of Governance Excellence (ELoGE)
Source: Council of Europe Good Governance – the responsible conduct of public affairs and management of public resources – is encapsulated in the Council of Europe 12 Principles of Good Governance. The 12 Principles are enshrined in the Strategy on Innovation and Good Governance at local level, endorsed by a decision of the Committee of Ministers of the Council of Europe in […]
Allianz Risk Barometer 2019
Source Allianz. Technology is breeding new threats as well as business models. Traditional risks such as natural catastrophes continue to challenge while other threats such as cyber, neck-and-neck with business interruption at the top of the Allianz Risk Barometer 2019 for the first time, reputational risk, increasing exposure to intangible assets and volatility and consolidation in the corporate environment evolve […]
An energy transition risk stress test for the financial system of the Netherlands
De Nederlandsche Bank Almost 200 countries have signed the Paris Agreement: a pledge to keep the global temperature rise well below 2 degrees Celsius. To realize this pledge, global greenhouse gas emissions will need to be reduced substantially. This, in turn, requires a global transition to a low-carbon economy and energy system. Such an energy transition may give rise to shocks that […]
The Guardian view on warming oceans: a rising toll
Talking about public risks. Now with the latest Global Risks Report 2019 on the table it seems that we humans increase the speed of disruption. We are collectively acting too slow in correcting and managing our common public risks. We bring this editorial of The Guardian under your attention. “What we can be certain about is that the extraordinary diversity […]
Global Risks Report 2019
The Global Risks Report 2019 is published against a backdrop of worrying geopolitical and geo-economic tensions. If unresolved, these tensions will hinder the world’s ability to deal with a growing range of collective challenges, from the mounting evidence of environmental degradation to the increasing disruptions of the Fourth Industrial Revolution. The report presents the results of our latest Global Risks Perception […]