With new episodes of 1990s hit series The X-Files airing in January, it got me thinking about the show’s tagline “The Truth Is Out There” and how it applies to the cloak and dagger world of operational risk. The X-Files revolves around two FBI Special Agents who investigate unsolved, often supernatural or mysterious cases. Fox […]
In 1976, Donald T. Campbell wrote “The more any quantitative social indicator…is used for social decision-making, the more subject it will be to corruption pressures and the more apt it will be to distort and corrupt the social processes it is intended to monitor.” Against the backdrop of Campbell’s law, has it ever happened […]
Day 1: Auditors and Zombies In a factory someplace, there are 20 workers whose job it is to continuously pass a ball to each other as quickly as possible. Watching this important work from a viewing area are 10 newly minted auditors selected from a Big 4 accounting firm. On this day, managers give each […]
Who wouldn’t want Ryan Callahan on their hockey team? The New York Rangers’ captain isn’t the biggest star in the NHL but ask General Managers and fans throughout the league and everyone would be happy to have him suit up. That is until you find out that Callahan is presently negotiating a contract extension seeking […]
Don’t forget to unmute the video.
Here’s a story about a watermain break in the Montreal borough of Pierrefonds, Quebec which left about fifty homes without water for a couple of days. The West Island Gazette writes: Pierrefonds residents can expect two four-litre bottles of water per household will be delivered to their door by borough workers sometime before supper, […]
I would like to thank Kate at RiskArticles.com for naming Riskczar.com one of its “most interesting, current, and informative” blogs. I am honoured to be in such wonderful company. Please have a look at the complete list.
Once upon a time there were three little boys left unsupervised while on a field trip when one of them spotted a large crack in a window pane. So he tapped the glass once and nothing happened. Next, the second boy tried his luck and poked the glass as well. Tap tap tap. Again it […]
Many people will agree that risk management is important. After we identify and assess a risk, it is treated appropriately and managed to an acceptable level. But is it possible to over-risk manage? Can the treatment become so onerous that people are encouraged to find workarounds thus rendering the controls useless? And if so, […]