Recently in Risk Assessment Category

I am often asked for insight on business measures or KPIs for ERM programs to track overall progress and effectiveness.  The key question for risk managers is: how do I measure the value ERM is delivering to my organization?  The... Read More..

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With so many risk management standards and government regulations out there that require risk evaluation, how should internal audit review your company's risk management program?  How would you apply any one of these frameworks to an audit?  How do... Read More..

Yesterday the Congressional panel overseeing the Troubled Asset Relief Program (TARP) program released a scathing report of the regulatory failures that led to the current financial crisis, Congressional Oversight Panel Special Report on Regulatory Reform. The report concluded “The... Read More..

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..

Security of information is critical to all corporations and is one of the many areas of competency established with Enterprise Risk Management. The weakness of traditional risk management is the focus on historical precedence rather than forward looking investigative approach.... Read More..

Amaranth Advisors lost roughly $5 billion in a week, and this is from a hedge fund that boasted of world-class risk-management systems. The result is a loss of 50% of the company’s asset base best summarized by this USAToday headline... Read More..

The book “Blink” by Malcolm Gladwell is a must read for risk managers. Chapter one opens with the description of the approach used by the J. Paul Getty Museum to perform due diligence on a famous statue’s authenticity prior to... Read More..

Whenever there is a disaster or event that causes losses, it is usually proven that someone or several employees in middle management or on the front lines had been forecasting the event years before but no action had been taken.... Read More..

Below are four poll questions recently asked to Chief Risk Officers at organizations across North America. Take the survey yourself below and then compare your results by downloading their poll results along with a write-up explanation. Click here to download.... Read More..