Business

Strengthening Value and Risk Culture Using a Real-time Logical Tool

Source: ISACA Journal Quote from Introduction: “While many lessons were learned from the 2007 global financial crisis, the Basel Committee on Banking Supervision identifies as one of the most significant the fact that the IT and data architectures used by banks were inadequate to support comprehensive management of financial risk. Many banks lacked the ability to aggregate risk exposures and identify concentrations quickly and accurately at the bank group […]

22 Strategic Risks

This is a clear list of strategic risks, described by Devin Fowler on Simplicable Management Guide. The words “strategic risk” strike fear into the hearts of investors and executive leaders everywhere.  Strategic risk invokes images of imploding companies, scandal and loss.   The path to managing the business menace of strategic risk begins with risk identification. The following risk types are a […]

New EU regulation for data protection

The European Commission has proposed a comprehensive reform of the EU’s 1995 data protection rules to strengthen online privacy rights and boost Europe’s digital economy. Technological progress and globalisation have profoundly changed the way our data is collected, accessed and used. In addition, the 27 EU Member States have implemented the 1995 rules differently, resulting in divergences in enforcement. A […]

Assessing the risk position of Enexis

Research to a methodology to assess the overall risk position of Enexis Author: B. Peppelman Risk management is of major importance for companies nowadays and the lack of it can have enormous consequences as it is currently illustrated by the world wide credit crunch. Enexis uses risk management on a corporate and operational level. On the operational level Enexis uses risk management to find […]

Risk management at the top level in Europe

Source: FERMA Risk management is now on the agenda for top management, the board and shareholders, which clearly support and sponsor the function. This finding comes from what is probably the most representative ever survey of opinion on risk and insurance management in Europe, the 2010 risk management benchmarking survey of the Federation of European Risk Management Associations (FERMA). The […]

Difficult economic environment requires good project risk management

Author: Sabrina Baker-Boshuizen, Marsh Public Sector Europe Source: RISK Management & Governance, Edition 6, Summer 2010 The financial and European Sovereign debt crises have had a huge impact on infrastructure investments. Infrastructure projects require extensive capital investment and downgrades of government debt have made funding of infrastructure projects more expensive. Whereas at the beginning of the financial crisis, countries and […]

PPP is a mindset: not a way of building

Author: Harry Sterk, Director of the Dutch Network* for Public Private Partnerships Source: RISK Management & Governance, Edition 6, Summer 2010 The major differences between traditional and PPP projects are, according to Harry sterk, the way costs are defined and how building plans are made. With a PPP project the total costs of a project are placed in light of […]

Will PPP survive the credit crunch?

Author: Prof. dr. Geert Dewulf, Head of Departement Professor of Planning and Development Departement of Construction Management and Engineering University of Twente Source: RISK Management & Governance, Edition 6, Summer 2010 Today, governments are confronted with increasing budget deficits. While governments have less money available big investments in infrastructure are planned to stimulate economic growth. As a reaction, private investments […]

Result Global CEO Survey: Smarter Growth

13th Annual Global CEO Survey: Setting a smarter course for growth Source: PricewaterhouseCoopers In the 13th Annual Global CEO Survey we hear how businesses leaders responded to the challenges brought about by the recession, the concerns they are facing today and, reflecting on often difficult ‘lessons learned’, their strategies for positioning their companies for the long-term. The effects of the […]

Rethinking Risk Management in Financial Services

Practices from other domains Source: World Economic Forum, prepared in collaboration with The Boston Consulting Group. Letter from the Steering Committee: “The financial crisis has, to put it mildly, seriously challenged our traditional approach to risk management. Consequently, a number of individuals and institutions have advanced ideas for improving not only the analytical framework, but also the status and relevance […]

The top 10 risks for business in 2010

In today’s business environment, conditions remain challenging for many, and risk retains its position high on every organization’s agenda. Source: Ernst & Young In today’s post-downturn economy, a variety of business risks have emerged — and some have become more prominent. From the threat of increased regulation to emerging markets to social responsibility and more, our survey of leading industry […]

Companies: More growth than fear

Source: McKinsey&Company Economic Conditions Snapshot, June 2010: McKinsey Global Survey results “Although economic confidence is clearly shaken, more executives remain positive than negative overall, which likely explains why most expect their companies to continue growing. Although fully ten percentage points fewer now expect consumer demand to grow this year than did so in April—down to half—the same share as in […]

Gateway Review Process

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 assurance that they can progress […]

The future of risk

Protecting and enabling performance, Report 2009 Source: Ernst & Young, partner of PRIMO Europe Introduction Albeit painful, progress ultimately results from crisis. The current downturn is causing companies to challenge their risk management processes and ask how they can further improve their risk management efforts. Against this backdrop, we conducted a survey to provide a snapshot of the current risk […]

Managing Risk in the New World

Source: Harvard Business Review, October 2009 with Robert S. Kaplan, Anette Mikes, Robert Simons, Peter Tufano, and Michael Hofmann. Moderated by HBR senior editor David Champion. “Five experts discuss the future of enterprise risk management. David Champion: How predictable was the financial meltdown of 2008–2009? Was it a Black Swan event or, rather, analogous to the next big California earthquake—something […]

SymbioCity

Initiative of the Swedish Government and Swedish Industry SymbioCity is a network of Swedish companies and organisations. It was founded on the initiative of the Swedish Government and Swedish Industry. SymbioCity is administrated by The Swedish Trade Council, with offices in more than 60 countries around the world. Our headquarters is situated in Stockholm. Liveable SymbioCity Economy, environment and improved […]

International Survey of Corporate Responsibility Reporting 2008

Source: KPMG International “In a world of ever changing challenges companies are shifting away from risk management approaches and toward an approach that has learning and innovation at its heart. Reporting is necessity if companies are to know and understand their social and environmental impacts, and how to minimize the dangers and maximize the opportunities associated with new and emerging […]