risk governance

This tag is associated with 6 posts

What you’ve been waiting for

Matthew Leitch asked me to summarise my last two posts about risk definitions. I said it would take 5 minutes, but as I scoped it out I realised that a lot was involved to provide a proper explanation. Eventually I developed Prezi presentation with a voiceover to cover the explanations. It’s very boring so I’m […]

Pedant’s Corner (2)

This is the second post on risk definitions in the context of risk management standards.  Here we are moving on to risk governance, the outer level of the three risk management processes I proposed some time ago. In that previous work I suggested there should be three main components of a risk policy, the document […]

Pedant’s Corner (1)

In principle I’m a great fan of standards for risk management.  Given the problems we have, there is a very attractive idea that conceptually lucid, clearly written standards can help us find the way forward. In reality the large range of standards (ISO 31000, BS 31100, superseded A/NZ documents, etc) and quasi standards (PRAM, MoR/P3M3, […]

Resilience (Part 1)

For some time it’s been a theme in meetings between risk management people and business continuity people that the world’s ills can be solved by being resilient.  Specifically, you don’t need to worry about that boring old risk profile when resilience means you can deal with anything that’s thrown at you, up to and including […]

Fragility management

I reviewed Nassim Nicholas Taleb’s book Antifragility with the promise to look separately at what the lessons might be for organisational risk management.  The answer is quite a bit, and this article will just be an initial high level view.  The thinking is developed pretty uncritically from the book.  There will be plenty of scope […]

Organisational risk taking – a simple view

At the core of organisational risk management lies the question of what risks to run.  You know the organisation cannot achieve its purpose with certainty.  You know you can take steps to control risk – to some extent.  You know that your chance of success will be improved if you seek out and grasp opportunities.  And you think […]