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Cruise Ship Accident due to Preventable Operational Risk

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By Steven Minsky on January 16, 2012 12:49 PM 0 Vote 0 Votes
The Costa Concordia, a Carnival Cruise Line owned ship, ran aground resulting in at least 6 deaths. This is a 4,000-passenger, 115,000 -ton cruise mega-ship, with the latest and greatest technology, as it is just 5 years old. As an... Read More..
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The Importance of Linking Risks to Business Measures

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By Steven Minsky on December 5, 2011 7:00 AM 0 Vote 0 Votes
The number of business measures within organizations is typically growing. Measures are often added on a reaction basis to loss events that have already occurred. Wouldn't it be valuable to be able to focus on forward looking measures? In most... Read More..
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RIMS Risk Maturity Model Explained - Overview

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By Steven Minsky on March 10, 2011 7:44 AM 0 Vote 0 Votes
Getting the initial commitment for ERM is half the battle for a Risk Manager, and then meeting expectations with concrete results can be just as daunting a challenge. The RIMS Risk Maturity Model (RMM) allows you to score your... Read More..
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What does Inflation have to do with Business Continuity?

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By Steven Minsky on January 19, 2011 12:30 PM 0 Vote 0 Votes
People often associate business resiliency with IT but it’s really an enterprise wide problem. Your company may be Fort Knox when it comes to technology issues, but is your company prepared if severe inflation or other risks were to... Read More..
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Evidence links ERM directly to improved business performance

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By Steven Minsky on January 26, 2009 10:39 AM 0 Vote 0 Votes
Articles on ERM typically provide valuable examples, but many risk managers have been asking for quantitative evidence supporting ERM standards. With contributions from the RIMS ERM Committee, I developed the RIMS Risk Maturity Model to meet the need of actionable... Read More..
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Risk Management: Evolve or Step Aside

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By Steven Minsky on February 19, 2008 7:00 AM 1 Vote 0 Votes
The business environment evolves, organizations evolve and people’s roles and contributions must evolve as well. Some risk managers have expressed frustration due to insufficient resources or support from senior management. Risk managers who have an active role in financial reporting... Read More..
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In this blog, risk expert Steven Minsky highlights the differences between traditional risk management and true enterprise risk management, which is about helping things happen rather than preventing them from happening. Manage Tomorrow's Surprises Today is designed to help you think about risk in new ways and learn how to benefit practically from this rapidly evolving field.

Steven Minsky

Steven Minsky is CEO of LogicManager Inc., a leading provider of ERM infrastructure solutions. He is the developer of the Risk and Insurance Management Society (RIMS) Risk Maturity Model for ERM, author of the RIMS "State of ERM 2008" Report and a RIMS Fellow (RF) instructor on ERM. He is a patent author of risk and process management technology and holds MBA and MA degrees from the University of Pennsylvania’s Wharton School of Business and The Joseph H. Lauder Institute of International Management. You can reach Steven at steven.minsky@logicmanager.com. View more

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