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 [...]
Taking a Q&A format, this short blog provides an overview of how Monte Carlo Analysis, the technique first used by scientists working on the atom bomb back in the 1940s, can help risk and project [...]
While it may be easy enough for risk professionals to appreciate the benefits that ERM can bring in driving robust risk management processes within an organization, it may be trickier to put the case for [...]
“It is impossible to drive a car without access to metrics on factors like speed or temperature. Similarly, management requires metrics to support effective decision-making and to ensure that they steer the organization away from [...]
Risk data provides organizations with the opportunity to leverage information that will help to drive a more robust operational risk management (ORM) program, embedded within an effective enterprise risk management (ERM) framework. The imperative therefore [...]
By Scott Fenstermaker "Hydra, springing from whose single body were fashioned a hundred necks, each bearing the head of a serpent. And when one head was cut off, the place where it was [...]
CHALLENGE After more than two decades with one vendor, Randstad found itself looking for a new RMIS solution and was astounded by the capabilities that were available with new technology. The company quickly identified [...]
Data privacy is a complex issue in today’s always-connected world. We want our privacy protected, yet willingly share all sorts of personal information in our quest to connect with friends, shop for products, or [...]
Your risk software was probably great when it was launched all those years ago. Spectacular even. But how’s it working for you lately? The world of risk management is changing quickly. What worked well [...]
Is it possible to manage risks of the third decade of the twenty-first century using tools and techniques from the last millennium? Well, are your risks the same? Not so long ago, risks could be [...]
The hospital landscape is an environment ripe for risk. Between an overall increase in chronic diseases and high turnover rates requiring large-scale staff replacements every five years, hospitals are facing a multitude of challenges. At [...]
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