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How to measure your Enterprise Risk Management effectiveness

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By Steven Minsky on January 4, 2012 6:30 AM 0 Vote 0 Votes
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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Japanese Nuclear Crisis: lessons for risk managers

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By Steven Minsky on March 22, 2011 8:00 AM 2 Vote 0 Votes
The nuclear crisis still unfolding at Fukushima Daiichi continues to threaten a meltdown as core temperatures and radiation leaks continue to fluctuate.  The disaster is one of the worst nuclear disasters in history.  However the vulnerabilities at the power station... Read More..
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Is your GRC program overly focused on compliance?

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By Steven Minsky on March 15, 2011 10:52 AM 0 Vote 0 Votes
No company falls out of compliance over-night.  It's a gradual process resulting from a combination of overlooked issues, that together create a serious problem.  Strangely enough, compliance issues often result from taking an overly compliance-focused approach to risk management; a... Read More..
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Information Security and Enterprise Risk Management

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By Steven Minsky on November 16, 2006 9:46 AM 2 Vote 0 Votes
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..
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Amaranth Advisors revealed; The Emperor has no clothes

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By Steven Minsky on October 26, 2006 9:53 AM 0 Vote 0 Votes
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..
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BP Oil Pipeline Leak: A Cry for Enterprise Risk Management

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By Steven Minsky on October 5, 2006 9:25 AM 1 Vote 0 Votes
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..
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NYSE CEO speaks out on IT risk, Part II with Opinion Poll

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By Steven Minsky on July 18, 2006 8:17 AM 1 Vote 0 Votes
Based on the opinion poll within my last blog, interest was highest for the question: How to surface common knowledge security issues that management doesn't know about? You are in good company. At the SIA risk conference I had the... Read More..
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Hot New Risk Management Trends & Opinion Poll Part I

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By Steven Minsky on July 11, 2006 9:56 AM 0 Vote 0 Votes
At the SIA’s 2nd Annual Risk Management Conference for financial services firms held on June 27th in New York City, overall, the maturity of enterprise risk management in the past year has definitely moved up one notch. Uncertainty about how... Read More..
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Opinion Poll: What keeps you up at night?

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By Steven Minsky on July 6, 2006 9:57 AM 0 Vote 0 Votes
Fear or Opportunity? How will you respond? Risk management: a fresh view of current events Bird Flu: A Y2K technology fix déjà vu sink hole, or an opportunity to enable a more flexible virtual workforce? Terrorism: A security nightmare, or... Read More..
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Intelligence Failures, Part II: Risk Management is the Answer

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By Steven Minsky on June 15, 2006 9:57 AM 1 Vote 0 Votes
In my last Blog I referenced the article History of Intelligence Failures illustrating the most spectacular military intelligence failures over the course of history. I also presented my adapted list of the 6 most important root cause reasons resulting in... 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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