Whose Role Is It To Manage Operational Risk?
What is operational risk? It is usually defined as the prospect of loss resulting from inadequate or failed procedures, systems or policies or other external events. Generally, it is understood to be the uncertainties and hazards that an organisation has to deal with in the course of its day-to-day business
The Race To Operational Resilience In The New Normal
What is resilience? It’s what helps individuals and organisations bounce back from adversity. The result of experience, ability and strength, resilience is a dynamic process that has to be developed over time, and continually tested to gauge its fitness for purpose. Within the business context, resilience is what keeps companies
Managing the risk of failure via operational risk management
What keeps CEOs, COOs, CIOs and CFOs up at night? It’s not just members of the C-Suite; nobody can sleep if they think they will wake up to a natural disaster, or a pandemic. The thought of systems and processes, and the people who run them, failing, is terrifying to
Get your facts right for Enterprise Risk Management implementation success
It’s a bit of a conundrum: some of the factors that make ERM truly effective, are the same ones that make it unpopular too! Many see it as too time-consuming, troublesome, vague and hard to understand, thereby making it hard to implement. But, like every other management tool, framework, system, process
What do you need to know about operational risks?
For every day that it “lives,” a company will inevitably face risk, internal and external. Sometimes these “come with the territory” but they can also be of the organisation’s own making. There is no business that can operate totally without risk. All businesses experience it; albeit with differences in intensity
