A risk assessment identifies threats and determines the potential impact they may have on people, property, and operations. It is the bedrock of any effective enterprise risk management program. Yet without automated risk assessment [...]
Risk criteria are an important point of reference for evaluating the significance of risk. They link strategy and action and help you determine whether you are taking on the right amount of risk. Risk [...]
Generative AI — like ChatGPT and Bard — is used by millions to create sales decks, draft emails, and even write jokes. While the possibilities for businesses to apply artificial intelligence to boost productivity – [...]
Addressing challenges and distributing data effectively is one of your most valuable assets as a risk manager. The key to your success — expand your technological capabilities. Having a risk management console at your fingertips [...]
Risk workshops are an indispensable part of an effective enterprise risk management program. They are a powerful tool for engaging decision-makers in the risk management process and for building a more mature, transparent, risk-aware [...]
Enterprise risk management (ERM) Software helps organizations identify risks in information systems and critical technologies, so the organization can make plans to deal with those risks, document the response when something does happen, and improve [...]
Technology has become increasingly important to the hospitality and FOOD INDUSTRIES. For example, ONE OF EVERY FOUR HOTELS has sought to improve guest experiences by adopting new tech tools and features. Specifically, properties and hospitality brands look [...]
By simply being in business, organizations are exposed to thousands of risks every day, necessitating robust risk measurement methods. From supply chain risk, vendor risk, reputational risk, and technology failures, to accidents and incidents, non-compliance, strategic [...]
Too often companies get stuck “making do” with spreadsheets and other outdated risk management tools because, well, that’s the way it’s always been done. Having the right tool makes any job easier -- and managing [...]
What is the difference between operational risk management and enterprise risk management? In reality, operational risk management (ORM) is only a small part of a truly holistic enterprise risk management (ERM) framework. In this blog, we explore the fundamental differences [...]
A risk maturity model is a tool to assess the effectiveness of an organization’s risk management efforts. In other words, how well do your functions and processes enable risk-aware decisions that support key enterprise [...]
In today’s current business climate, both local and global events have the potential to significantly impact your organization and how it operates. With the watchword for the contemporary climate being agility, the necessary steps [...]
