Risk management consultancy and training services

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04
Jun
2018

Proportionality is the Key

I have discussed the importance of controls and their effectiveness to the risk management process in many forums including Risk Tip #2- Control Effectiveness.  It is still my belief that the management of risk cannot be effective unless an organisation understands not only what controls are in place, but, more importantly, how effective they are. I have recently worked with

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26
Apr
2018

Risk Tip # 10 – Post Event Analysis

Risk Tip # 10 – Post Event Analysis “We learn from history that we do not learn from history.”  Georg Wilhelm Friedrich Hegel No matter how well an organisation manages risk, there will still be occasions where incidents occur i.e. risks are realised.  In organisations without a well-structured risk management program, these events will likely be dealt with, but not

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19
Mar
2018

Why Fraud Control Plans are Completely Unnecessary

One of the plans that I see almost universally in government organisations, as well as in many large private companies, is the Fraud Control Plan.  It’s usually in place to highlight the organisation’s approach to preventing, detecting and responding to fraud. In my experience, however, these documents just become shelf ware until the next time it is mandated that they

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19
Mar
2018

Colonel – we have a problem

In mid-February KFC announced that it was shutting the majority of its stores across the UK and Ireland due to, of all things, a chicken shortage that was caused by the introduction of a new delivery contractor, that had taken over from an established food distributor that had worked with the fried chicken brand for some years. A crisis of

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19
Mar
2018

Risk Tip # 9 – Describing Risk Treatments

I love reading risks treatments in risk registers – they are always so descriptive.  Some of the treatments I have taken from risk registers over time are shown below: better communication; training in contract management; rolling fraud audit program; additional physical security; more management oversight and action; better change management; and/or recruit additional staff. increased monitoring and inspections; improved control

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02
Feb
2018

This is not a drill

On Saturday 13th January 2018, the Hawaiian Emergency Management Agency (HEMA) sent out a missile alert: What followed were scenes of absolute fear, confusion and chaos as Hawaiians sought shelter where they could: under bridges, in underground shelters, with video even emerging of a father lowering his child into a drain so she would be shielded from any blast. Problem

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02
Feb
2018

What is a Risk?

Feb, 02, 2018
by admin
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It may seem obvious but, fundamental to the effective management of risk, it is essential that we actually understand what a risk is. From the outset let me be frank, I consider the definition of risk management in ISO 31000 (the effects of uncertainty on objectives) to be confusing, and, utterly ineffectual as a definition. I make this quite clear

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