Contact

Archives

Corporate risk management (ERM) platform requirements to limit corporate failures

Corporate risk management (ERM) platform requirements to limit corporate failures explores why corporations, projects, startups continue to fail. That is despite apparent efforts made by various stakeholders. Voices here and there say that Enterprise Risk Management does not work, that we need new and esoteric tools. At Riskope we firmly believe, based on our experience, that Enterprise Risk Management does work if the platform has some important characteristics that common practice platform do not have. Corporate risk management (ERM) platform…

Read More

Which risk comes first and for whom?

In a world where socio-political and climate evolve in a dynamic and fast pace which risk comes first and for whom? Swiss Re example Reportedly, Swiss Re Ltd. will not provide anymore insurance or reinsurance to businesses with more than 30% thermal coal exposure. The new policy applies to existing and new thermal coal mines and power plants. It covers all lines of business and Swiss Re’s global operations. The implementation of the new thermal coal policy comes as part…

Read More

Less is more in risk management too

Complexity, interdependencies, black swans are all widely used terms among risk managers . Unfortunately some risk manager still use them to hide behind, while working ultimately with their gut feelings. However, all this can be solved with a properly defined glossary and a proper methodology should bring clarity and focus, as indeed, less is more in risk management too. FMEA or any another tool you use should simplify your task, ERM development, and not overwhelm you with pages and pages…

Read More

COSO Aligning Risk with Strategy and Performance

COSO Aligning Risk with Strategy and Performance, dealing with public exposure, appeared in June 2016 within the frame of Enterprise Risk Management. COSO Aligning Risk with Strategy and Performance We have read with enormous interest the document which very eloquently explains the benefits of ERM and its interactions with business strategy, operations, etc. Defining Risk and Uncertainty We started balking when we arrived at the section entitled “Defining Risk and Uncertainty”. Not because of the general concepts, but because of…

Read More

How to Build Robust Asset Management Plans that Prepare You for the Unexpected

Build Robust Asset Management Plans that Prepare You for the Unexpected Asset Management (AM) refers to any system that monitors and maintains things of value to an entity or group. If the entity is an Enterprise, then the acronym EAM is used to define Enterprise Asset Management. AM may apply to both tangible assets such as the physical elements constituting an infrastructure, but also to intangible concepts such as intellectual property and goodwill. AM is a systematic process of operating,…

Read More

Investing-in, Lending-to or Managing a Corporation: to what extent does the point of view influence the ERM decision making process ?

In this post we will see to what extent does the point of view influence the ERM decision making process. We deploy the ORE (Optimum Risk Estimates, (C)Riskope) methodology. We want to enable the comparison of Management and Corporate decision making at ERM (Entreprise Risk Management) level. We selected ORE because common practice risk assessment techniques lack the acumen to enable the discussion to proceed. Common practice risk assessment techniques include methods such as FMECA, FMEA, Probability Impact graphs, etc. To…

Read More

Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event

Riskope will present at the Enterprise Risk Management (ERM) and Operational Risk half-day event planned in Edmonton, AB, on Oct 12, 2012. Riskope’s talk discussed Optimum Risk Estimates (ORE) Riskope’s talk will discuss Optimum Risk Estimates (ORE), as described in here (of course in Edmonton we will present a “non-mining” application). Riskope’s ORE allows to: Avoid the pit falls that lead to failed Risk Management implementations Build and design a robust ERM program Gain cross-organizational alignment Quantify your risk measurement program…

Read More

Archive

Vancouver Digital Creative Agency Ballistic Arts Media Studios.