One of the hardest parts in documenting your risks is figuring out the root cause of the risk being analyzed. If this is done poorly, we will spend time and money treating the wrong root causes and the risk may only get worse. Take the Great Plague of 1665 that killed 1/6 of London’s population. [...]
Posts Tagged ‘risk’
The Great Plague of London and root causes of risk
Posted in ERM Basics, tagged causal chain, effect, H1N1, plague, risk, root cause, zombie on March 27, 2012 | 3 Comments »
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 »
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 [...]
Ned Stark. Hand of the King. Chief Risk Officer.
Posted in Books, ERM Basics, My Opinions, tagged A Game of Thrones, CRO, Hand of the King, Ned Stark, risk, risk management, Wintelfell on December 7, 2011 | Leave a Comment »
Eddard (Ned) Stark, Lord of Winterfell, is a protagonist in the book A Game of Thrones by George R.R. Martin. He is principled and tells the truth and believes in honour and justice. Ned would make an excellent Chief Risk Officer. When King Robert Baratheon asked him to become the Hand of the King – [...]
ERM, Stephen Covey and my 13-year old son
Posted in ERM Basics, Humour, tagged COSO ERM, ERM, laundry, risk, risk management, Stephen Covey on October 18, 2011 | Leave a Comment »
When my son was 7-years old he asked me what I did for a living. I explained that “Daddy goes to companies and helps them find where all the bad things are.” Ironically, this definition served me well when I had to explain what ERM was to grown ups. While others were quoting definitions from [...]
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 [...]
Seth Godin’s disaster tolerance
Posted in Risk management, Thought Leadership, tagged Disaster, risk, risk management, risk tolerance, Seth Godin on June 20, 2011 | Leave a Comment »
I don’t often copy and paste entire posts of others without a clever preamble but it’s really hot out and I’m tired plus this post by Seth Godin called “Disaster Tolerance” speaks for itself. Not all disasters can be avoided. Not all disasters are fatal. If you accept these two truths, your approach to risk will [...]
TV ad: With opportunity comes risk
Posted in ERM Basics, My Opinions, tagged advertisement, CME Group, commerical, opportunity, risk on April 12, 2011 | 1 Comment »
I just heard a tv commercial for CME Group which was clearly written by someone on Madison Avenue who never read a risk management framework. Creative must of thought: “Let’s say the words ’risk’ and ‘opportunity’ because it will sound businessy.” This idea was then pitched and someone at CME gave a slow-clap and approved the campaign. When I heard the ad [...]
You don’t deserve to work for an asshole
Posted in My Opinions, Office and culture, tagged asshole, Full Blow Certified Asshole, Guy Kawasaki, human resources, Jeffrey Pfeffer, Nassim Talib, risk, Robert Sutton on March 18, 2011 | Leave a Comment »
The book by Robert Sutton called The No Asshole Rule was brought to my attention by the blog Managed by Walking Around. I’ve read and enjoyed some of Sutton’s other books including those co-authored by Jeffrey Pfeffer and hope to get to this one shortly. With this in mind, I felt like writing about some [...]
St Patrick’s Day green bikini photos
Posted in Humour, tagged ERM, Karissa Shannon, risk, Riskczar, St Patrick on March 17, 2011 | Leave a Comment »
Unable to come up with any St Patrick’s Day risk management-related post, I was going to post a photo of me drinking a Guinness or Karissa Shannon in a green bikini. Guess which one I chose? http://coedmagazine.com/2011/03/17/karissa-shannon-st-patricks-day-beach-bikini-pictures/ (Photo removed, sorry.)
