Risk Tip #4 – Communication and Consultation

The fourth in my risk tip series addresses communication and consultation for an individual risk amongst stakeholders. Stakeholders aiming for or in business for a common cause, will talk about communication, but just how many actually fathom the breadth of the stakeholder community for an individual risk?  It is certainly part of the risk management […]

Continue Reading

Risk Tip #3 – Developing a Consequence Matrix

The third in my risk tip series is one that has arisen from my observations of consequence matrices over the last few years.  This blog isn’t about how to assess consequence, but more importantly, what to assess it against. In Risk Tip #1 I addressed the issue of likelihood and how difficult, if not impossible, […]

Continue Reading

Risk Tip #2 – how do we measure control effectiveness?

Measuring control effectiveness is difficult for many organisations (if not most). What worries me is how often I come across the ‘guess work’ that goes into measuring control effectiveness when what’s actually needed is evidence to prove the controls in place are right for the resources, budget and risk. What I find fascinating is that […]

Continue Reading

Risk Tip – how likely is likely?

Assessing the level of likelihood for risk is something I have been questioning for some considerable time.  I have followed the conventional wisdom up until this point and used the ‘traditional’ criteria to express likelihood.  You may have criteria similar to the following: Likelihood score Descriptor Frequency How often might it/does it happen 1 Rare […]

Continue Reading

What a load of rubbish

Hear my interview on Canberra’s 2CC about business continuity. The ACT garbage truck dispute is causing a bit of a stink. But the real issue is not necessarily about the industrial dispute itself, it’s more about the ACT Government’s response to the disrupted service that’s the more interesting aspect to this smelly saga. One thing […]

Continue Reading

Pop Goes the Weasel

Who would have thought, a Weasel shuts down world’s largest particle accelerator. As reported by the ABC it’s the “world’s largest and most powerful particle accelerator and one of humankind’s most ambitious scientific endeavours, the Large Hadron Collider (LHC), had been shut down — by a weasel.” The ABC went on to report that the […]

Continue Reading

Developing the Consequence Matrix: it’s all about the Key Performance Indicators

Everything we do has a consequence no matter how small or how significant that consequence may be. How do we estimate the consequences of the risks that may arise within our organisations, from the insignificant to the catastrophic? Managing risk in terms of consequences is all about the Continuum of Performance or in business lay terms KPIs.

Continue Reading

“Ownership” is a lovely word to use in risk management

When Aspen Medical got the nod that it was the Government’s preferred contractor for what was undoubtedly one of the most challenging and risky health care missions worldwide, the company dealt with the management of risks that most of us cannot even comprehend. In this podcast with Aspen Medical’s Director of Corporate Services, Colin Macdonald […]

Continue Reading

SUBSCRIBE TO OUR NEWSLETTER
Unleash your inner risk gladiator! Join our mailing list for all the latest news, tips, and special offers.
FREE RISK MANAGEMENT E-BOOK
This free E-book dives into risk management, exploring the issues and concepts involved in effectively managing risks in an accessible and comprehensive manner applicable to organisations of all shapes and sizes.
{Download-submit}