Academy

Public-private partnerships

By John O’Dea*,  Timesofmalta.com. The PPP Knowledge Lab defines a PPP as “a long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance”. A fundamental feature in PPP is that normally the government does not own the infrastructure, […]

Collaborative Risk Management

PRIMO Academy shares knowledge about authoritative and successfully applied risk methods and techniques. In this article the focus on collaborative risk management by application of the agile framework Scrum and the interactive software  RISKiD, used for (re)design of strategy and development by a large company, delivering and maintaining infrastructure for a diverse range of train traffic. By Gwendolyn Kolfschoten* and Jos van Ginkel** Rigorous […]

Understanding extreme sea levels for broad-scale coastal impact and adaptation analysis

Source: Nature. Authors: T. Wahl, I.D. Haigh, R.J. Nicholls, A. Arns, S. Dangendorf, J. Hinkel & A.B.A. Slangen One of the main consequences of mean sea level rise (SLR) on human settlements is an increase in flood risk due to an increase in the intensity and frequency of extreme sea levels (ESL). While substantial research efforts are directed towards quantifying […]

Norton Wi-Fi Risk Report 2017 shows our Vulnerability

Norton by Symantec commissioned its second annual online survey, this year expanded to 15 global markets, in order to better understand consumers’ public Wi-Fi perceptions and practices and to unveil consumer misconceptions and worries about the safety of these connections. This survey explores consumers’ knowledge about the safety of public Wi-Fi connections. While use of public Wi-Fi is nearly universal, […]

At the Junction of Corporate Governance & Cybersecurity

Source FERMA. A joint working group, representing risk managers and internal auditors from 8 EU countries and  6 different economic sectors (bank, transport, defense, IT, food services and telecom) has developed recommendations for organizations on innovative ways to internally organize the management of cyber risks. These recommendations include a cyber risk governance model between the key internal stakeholders and the […]

Stress testing for nonfinancial companies

Source: McKinsey&Company. Assessing a company’s vulnerability to risk makes otherwise theoretical discussions of strategy more real. In the decade since the global financial crisis, financial companies have honed their ability to measure risk in a way that nonfinancial companies have not. Granted, nonfinancial executives hadn’t faced the same existential crisis. And they’ve seldom come under the same kinds of investor […]

ISO 19600:2014 Compliance Management Systems

By Jack Kruf. Compliancy is on the way up. More and more organisations focus on being compliant. Not only for being compliant, but also for karma, transparency, branding, imago, security and accountability reasons. And more. To be reported also to elected councils, citizens and shareholders. ISO defined this 19600 standard and published it on the 15th of December 2014. It […]

A Strategic Approach to Resilience in the EU’s External Action

The EU and its Member States have established a robust policy framework to guide the Union’s external action, anchored in Article 21 of the Treaty and the Global Strategy for the European Union’s Foreign and Security Policy (“EU global strategy”), and linked to commitments they have taken at global and regional level. The challenge now is how to sustain progress […]

Investing in resilience: a necessity for European cities? What solutions?

During the European Week of Regions and Cities on the 11th of October 2017 PRIMO will join the UDITE workshop about building resilient cities and regions. Place: Conference room JDE-51, Rue Belliard 99-101, 1040 Bruxelles, Belgium. Time:  09:00 – 10:45. This workshop will offer insights into how local authorities can plan, prioritise & implement local resilience plans. Local authorities and Cities, international organisations and […]

Leadership failures

By John O’Dea. We in Europe believe that our democratic system provides the foundation for a great set of principles and values that lead to good public governance. Public leadership is embedded within this, at least we think it is fair to say we ‘believe’ this. One might even say we have believed this for a long time since democracy […]

Public Risk and ISO 20400:2017

Practitioners experience as well scientific research related to public governance point in the direction of a high correlation between the quality of interfaces – within or between organisations – and the presence of public risks. Working together and tuning in the chain of things are crucial for quality. Many of the international strategies and polices points in the direction of a need for a […]

Revision ISO 31000-2009 scheduled

Source: ISO. ISO 31000:2009 on risk management is intended for people who create and protect value in an organization by managing risks, making decisions, setting and achieving objectives and improving performance. The standard’s revision process discovers the virtues of keeping risk management simple. The revision of ISO 31000:2009, Risk management – Principles and guidelines, has moved one step further to Draft […]

Strategic Disaster Planning

Source: ICMA. Those who work with communities in the aftermath of natural disasters see the importance of advance planning firsthand. Disaster plans save time, money, headaches and, ultimately, they can save lives. In short, planning makes disasters less disastrous. And yet, it can be difficult for communities to prioritize disaster planning, particularly for those with limited time, budget, or staff. […]

Didier Sornette: How we can predict the next financial crisis

The 2007-2008 financial crisis, you might think, was an unpredictable one-time crash. But Didier Sornette and his Financial Crisis Observatory have plotted a set of early warning signs for unstable, growing systems, tracking the moment when any bubble is about to pop. Didier Sornette (born June 25, 1957 in Paris) is Professor on the Chair of Entrepreneurial Risks at the Swiss Federal Institute […]

The Routledge Companion to Strategic Risk Management

Book by Professor Torben Juul Andersen*, published by Routledge Press, London, 2016. Professor Andersen’s work presently is focused on several key aspects of risk leadership, including—notably—an examination of how top management assures effective implementation of risk policy throughout the organization. Additionally, he is supervising doctoral work that is directed toward better understanding managing organizational uncertainty and developing methodologies for earlier detection of […]

The Global Risks Report 2017

Published as the 12th annual edition by the World Economic Forum, this year’s findings are testament to five key challenges that the world now faces. The first two are in the economic category, in line with the fact that rising income and wealth disparity is rated by GRPS respondents as the most important trend in determining global developments over the next […]

PRIMO Risk Management Award for the City of Utrecht

The city of Utrecht received the PRIMO Risk Management Award for their excellent organisation of Le Grand Départ de Tour de France 2015. On the 9th of December 2016, chairman of PRIMO Nederland, Michel Bezuijen, handed over the award to the mayor of the municipality of Utrecht, Jan van Zanen. The choice for Utrecht was based on the ‘excellent’ in the evaluation report […]

Terrorism Risk and Insurance

The leading Insurance Information Institute gives insight in the connection of terrorism risk and insurance. Of course we have -at all times – to protect our citizens and society from heavy losses and essential disruption. But in case of an emergency, what can the public relevance of insurance be? What actually can be insured and what not? “In addition to the risk of natural disasters, the […]

ISO 22316: Security and Resilience

The new ISO 22316 standard about organizational resilience will be published ultimo at the beginning of 2017. It has been developed by the ISO/TC 292 – Security and resilience – committee of the International Organization for Standardization in Geneva. Organizational resilience is the ability of an organization to respond and adapt to change. Resilience enables organizations to anticipate and respond to threats and opportunities, arising […]

Malta Seminar: Climate Change and Disaster Risk Reduction

Trends and Economic Challenges in Malta as part of the ‘Climate Change Research Seminar Series’. Date: Tuesday 29th November 2016 Organisation: by the Climate Change Research Platform of the University of Malta* and PRIMO** Venue: IT Services Building, Room VC102, Malta University The Climate Change Platform (CCP) was set up, under the auspices of the Islands and Small States Institute, […]

Good Government and Coordination

By Jack Kruf. The painting in the Town Hall of the City (and from Republic) of Siena is called The Allegory of Good and Bad Government. It is a series of three fresco panels painted in the Sala Dei Nove by Ambrogio Lorenzetti in 1338/1339. The series consists of six different scenes: Allegory of Good Government, Allegory of Bad Government, Effects of Bad Government in the City, Effects of Bad Government […]

Health and Safety Risk Management Review

PRIMO: This approach and methodology of Risk Management Partners and Gallagher Basset can result in a systematic and thorough picture of the actual health and safety aspects in a public organisation. It above all gives input for concrete management measures. The processes review and implementation are well interlinked and based on practical experiences. It is a tool for proactivity. Source: Risk Management Partners Overview […]

The Global Competitiveness Report

Source: World Economic Forum. We face a large challenge—how to build a more prosperous and inclusive world for all. As a flagship effort of the Forum’s System Initiative on Economic Growth and Social Inclusion, The Global Competitiveness Report serves as a tool for public-private collaboration on long-term competitiveness agendas contributing to this objective. From the perspective of the Global Risks Report […]