2018 Blog # 2 – 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 […]
Hindsight 20/20 #2 – 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 […]
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 […]
Hindsight 20/20 – 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 […]
2018 Blog # 1 – What is a Risk?
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. […]
Risk Tip # 8 – Capturing the right risks in your risk register
Lack of qualified staff would have to be one of the risks that I see most often in risk registers. You may even have it in yours. Other risks that I see on a regular basis in risk registers include: lack of funding; failure to meet the Government’s reform agenda; project does not meet its […]
Another Honour for Janine
In my previous newsletter I mentioned that NZ Police, under the stewardship of Janine Foster had received the: Excellence in developing capability in Risk Management award at the New Zealand Risk Management Awards. Janine joins Emma Johnston (2015) and Emilio Van Doorn (2016) as winners of the award who have attended a course through Paladin […]
Record Year for Paladin
What a year! Paladin Risk Management Services has trained 691 students trained in accreditation courses – that’s a record. This included 420 personnel from the Department of Social Services. And, close to 100 people have been trained in non-accredited courses through the RMIA. After five years of offering these course they’re still in demand and […]
There’s no such thing as a Safety Risk (or a security risk, or a reputation risk ….)
If you are like most organisations that I have engaged with, you will most likely have multiple risk registers. Separate risk registers will likely be maintained for two or more of the following categories of risks: Operational risks Financial risks Security risks Safety risks Compliance risks Reputational risks Environmental risks IT risks Whole industries have […]
Risk Tip # 7 – Risk Ownership- let’s turn it on its head
For too long, risk ownership has been pushed down to the lower levels of organisations in the belief that ownership of the risks should reside with managers that own the specific functions. On the surface, that may seem reasonable and appropriate, however, over the last few months I have taken a different view that may […]
