In the December 2018 newsletter I asked a simple question – do we need a risk matrix? In that blog I detailed the example of a water corporation that had assessed the risk of: unplanned release (loss of containment) of water from a dam as being Major (Consequence) and a Rare (Likelihood), which meant that, […]
In this blog we discuss the consequence matrix and in particular the rating that you should apply for those consequences.
This blog post explains how we derive risks treatments from particular risks and can you reduce the likelihood of that risks by adding more treatments?
Risks can fall upon multiple functional areas. This blog post covers shared risks and the challenges that arise for organisations in risk management.
In previous blogs we have talked about risk events, in this blog we discuss how to frame risk.
In January two Canadians lost their lives after mishaps with charity clothing bins. This brought the total deaths from misuse of clothing bins to four in the last five years which prompted the City of Vancouver to ban the use of the bins on private land. As reported in the Vancouver Sun: [The] decision came […]
Monitor and review helps the risk management process by continuously determining the level of risk and priority to the organisation
The risk registry helps organisations effectively manage their risks. This blog post outlines what should and shouldn’t be included in a risk registry.
Accountability is an important part of risk management with three categories of risk owners. In this blog we discuss the emphasis of risk ownership and how effectively that risk is managed.
Some of the topics in the next the e-book, which will come out early next year. include consequence base risk identification, consequence based risk reporting, consequence based auditing.