In a sentence, The Riskczar says the common sense approach to describing the process of risk management like this: First you identify your risks, you figure out which ones are the most important, next you decide how to address and then you do something about it and tell everyone how you are doing from time [...]
Archive for May, 2008
A Common Sense Approach to ERM
Posted in ERM Basics, tagged assess, enterprise risk, identify, manage, Riskczar on May 12, 2008 | 2 Comments »
ERM Creates Value
Posted in ERM Basics, tagged enterprise risk, ERM, opportunity, Riskczar, Strategy on May 9, 2008 | Leave a Comment »
ERM helps leaders deal effectively with the current or potential events that create uncertainty and respond in a way that balances the downside of the uncertainties that we want to avoid against the upside. The big picture outcomes of ERM are: no big mistakes, no big surprises and no big missed opportunities. The Riskczar says: [...]
Islands of Risk Management Capabilities
Posted in ERM Basics, My Opinions, tagged enterprise risk, ERM, Gary Hamel, Riskczar on May 7, 2008 | 1 Comment »
Risk management is not something new to you; there are islands of risk management capabilities throughout the organization. Sometimes we call it hedging or insuring or security, but it’s all risk management. Enterprise risk management (ERM) is merely a process that pulls these disparate islands together at an enterprise level using common definitions, measures and [...]
Risk Management Frameworks are Boring
Posted in ERM Basics, Frameworks, My Opinions, tagged 31000, 4360, COSO, enterprise risk, ERM, Framework on May 5, 2008 | 1 Comment »
There are plenty of frameworks out there on the Internet that you can read or download for free so why not just read one of those? Well, first of all, frameworks are boring; people who write policies for a living even think frameworks are boring. The Riskczar suggest you try to read he two most [...]
Enterprise Risk Management is Pretty Simple
Posted in ERM Basics, My Opinions, tagged enterprise risk, ERM, Greek, MBA, Ph.D, Riskczar on May 4, 2008 | Leave a Comment »
Enterprise risk management (ERM) is pretty simple. Financial institutions, regulators and consultants, would have you believe that risk management is very complicated, requires advanced mathematical training, an MBA or Ph.D., a knowledge of Latin or Greek and nothing short of a miracle to implement. The Riskczar says: What you need is the right attitude and [...]
