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Risk Management

May 30, 2017
Like governance, and compliance management, we believe that Risk Management is a special form of business intelligence and it's not easy to master. Here's how we define it: | | Enterprise risk management spans a set of structured practice disciplines  that generate shareholder value by ...more
Risk, Risk Assessment, Risk Management
Category: Risk Management

Reading List on Risk Assessment and Risk Management

March 28, 2017
The following extensive reading list has been compiled from several sources such as Amazon.com, Orx.org, Shared Assessments, Sira and Auditnet: Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Ariely, Dan Foundations of Risk Analysis: ...more
Risk, Risk Assessment, Risk Management
Category: Risk Assessment & Management

New Simulation Models in our Analytical Model Repository

March 12, 2017
There is a major trend in the information security practice sector which is the use of Monte Carlo simulation in the risk assessment process. If you are interested in this approach to refine and improve your risk assessments, then you will be interested in exploring the 12 new simulation models ...more
analytical model repository, analytical models, Bowtie assessment, Risk Assessment, Simulation
Category: Analytical Models and Tools

Control Self-Assessments (CSA's)

April 12, 2016
Because our flagship whitepaper entitled, "Industry-driven Crowdsourcing and Benchmarking" is focused on the subject of analytical tools that our Members generate and share, we get a lot of questions on Control Self-Assessments or CSA's. These tools are known by most of us as surveys. But ...more
analytical models, analytical tool, COBIT, Control Self Assessment, Control Self-Assessment, CSA, FFIEC, GRC, Risk Assessment, Survey, Surveys
Category: Analytical Models and Tools

Contextual Data Will Become Vital

March 30, 2016
I just came across Brenda Boultwood's article for GARP; "How People, Data and Conduct Will Shape Risk Management in 2015". In it she talks about context and the contextual data that concerns our ability to understand the implications of risk. This struck a cord with me because, I see Predictive ...more
Risk Assessment, Risk Management
Category: Risk Assessment & Management

Is your Risk Assessment Approach Too Simplistic?

March 30, 2016
We just spotted this article in Coprporate Risk & Insurance’s risk magazine:   Merrill Lynch criticised by regulator for ‘simplistic’ risk management The Bank of America’s UK Merrill Lynch business has been criticised by regulators for weak risk management. The Prudential Regulation ...more
Risk Assessment
Category: Risk Assessment & Management

The Reengineering of Risk Assessment

March 30, 2016
It's amazing how often we come across companies that are spending millions of dollars having their employees rate risks using ordinal or Likert scales within a commercially purchased tool or in a home-grown spreadsheet or Word document. This needs to stop and it needs to stop fast! Shareholder ...more
Likert Scales, Ratio-based Scaler measurement, Risk, Risk Assessment
Category: Risk Assessment & Management
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