I’ve been playing quite a bit of Angry Birds ever since I got my Samsung Galaxy Tab for my birthday. I love this game. The objective of course is for birds (each with their unique strengths) to destroy the structures – where all the pigs who have stolen the birds’ eggs – are hiding. When [...]
Posts Tagged ‘risk treatment’
Angry Birds risk management
Posted in Humour, My Opinions, Risk management, tagged Android, angry birds, prioritize, risk, risk management, risk treatment, Strategy, tactics on January 4, 2012 | Leave a Comment »
Lord Voldemort: Risk Manager of the Year
Posted in Books, ERM Basics, Humour, tagged death, ERM, Harry Potter, Horcrux, mitigate, Neville Longbottom, reputation risk, risk, risk management, risk treatment, Voldermort on July 14, 2011 | 2 Comments »
Lord Voldermort would make an excellent risk manager because when he identifies a risk, he assesses it and treats it immediately. Here are a few of my reasons but I welcome additional examples of his risk management in the comment field below. 1. When the young Voldemort (a.k.a Tom Riddle) learns that he was born [...]
When treating a risk creates another risk and so on and so on
Posted in Books, ERM Basics, Humour, Lean Six Sigma, My Opinions, Risk management, tagged audit, Bryson, impact, likelihood, Luftwaffe, mitigate, risk management, risk treatment, spreadsheet risk on June 21, 2011 | 3 Comments »
Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls and “strongly suggest” that management fix the problem. Quickly. Management’s solution is often a series [...]
Managing the risk of risk management
Posted in My Opinions, Risk management, Politics, Sports, tagged risk treatment, legal risk, RIMS, Nodar Kumaritashvili, Whistler, Vancouver, Olympics, hindsight, VANOC, Jared Wade on April 6, 2011 | 2 Comments »
An article by Jared Wade in Risk Management Magazine references the death of luger Nodar Kumaritashvili and includes an email from VANOC head John Furlong relating to the safety concerns about the luge track raised before the Vancouver Games. Furlong wrote: “…someone could get badly hurt… An athlete gets badly injured or worse, and I [...]
You cannot mitigate your risks in hindsight
Posted in ERM Basics, My Opinions, tagged ERM, risk treatment, mitigate, Toronto, Nodar Kumaritashvili, Vancouver, Olympics, hindsight, VANOC, accept, Jon Montgomory on February 11, 2011 | 2 Comments »
On the one year anniversary of the death of Georgian luger Nodar Kumaritashvili at the greatest Winter Olympic Games of all time, emails have been released disclosing concerns about the luge track that claimed the life of the 21-year old Georgian on the eve of the Games. A year ago, I asked whether the risk [...]
Riskczar’s thoughts on next week’s G20
Posted in My Opinions, Risk management, tagged BCP, G20, risk treatment, Riskczar, Toronto, zombie on June 16, 2010 | 1 Comment »
In case you haven’t heard, the G20 Summit is coming to Toronto next week. In my current role, I’ve been involved in some of the business continuity planning but mostly from a communication perspective. All of the heavy lifting had already been done. The event is taking place in the heart of Toronto’s financial district. [...]
Jihad risk
Posted in Uncategorized, tagged enterprise risk, jihad risk, risk treatment on March 5, 2010 | 1 Comment »
I read recently that Libyan leader Colonel Muammar Gaddafi has called for Muslims to declare a jihad against Switzerland. Apparently this is the result of a Swiss ban on minarets (tall spires) in the construction of mosques and nothing to do with one of Gaddafi’s son’s being arrested in 2008. Nothing. The Colonel also noted [...]
Timing and severity of risk treatments
Posted in ERM Basics, My Opinions, tagged risk treatment, timing, Nodar Kumaritashvili, Whistler, luge, Vancouver, Olympics on February 24, 2010 | 5 Comments »
Are risk management treatments that we implement influenced by the timing and the severity of the event? How about emotion? In hockey, a player is penalized 2 minutes for a high stick to the face of another player; but the penalized player is given a 4 minute penalty if the other player bleeds. The action [...]
To bribe or not to bribe?
Posted in Uncategorized, tagged bribe, IKEA, risk treatment on February 23, 2010 | Leave a Comment »
Riskcontainment.com writes about bribery issues faced by IKEA in Russia. I am curious why IKEA went so far as actually building the store if they knew that local officials were corrupt and greasing palms is the cost of doing business. Was this an unidentified risk or one which was identified and managed with unsustainable risk [...]
Tiger Woods reputation risk
Posted in ERM Basics, Humour, Risk management, tagged reputation risk, risk treatment, root cause, Tiger Woods on December 12, 2009 | 2 Comments »
Reputation is harmed when some other issue makes reputation an issue. It’s nice to add reputation risk to your risk register, but what are you going to do about it? What actions will you take to proactively avoid, transfer or mitigate your reputation or your brand? What could Tiger Woods’ risk manager have done to [...]
