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The Three Lines of Defence

Posted on November 10, 2014 by innovationrisk

The three lines of defence (defense) model has its place in many organisations across the globe, but do we understand what it truly means? Over the past few decades there have been many examples of failures in organisations, both from a process perspective and a decision making perspective. These range from organisationally specific examples such as Enron to the global…

Agile Risk Management

Posted on November 2, 2014 by innovationrisk

Agile risk management is not about managing risk in agile projects but rather using the art of agile for what risk management performs. For the later there are quite a number of resources online to learn about risk management in agile projects, such as “Risk Management in Agile” by ScrumAlliance or the paper by Ville Ylimannela from Tampere University of Technology…

11 Risk Management Tips for Leaders

Posted on August 28, 2014 by innovationrisk

Every day leaders and their teams face into challenges that involve risk. Yet, the concept of risk management is often presented in a complicated “framework” driven way. Quite simply, risk management is what we all do every day of our lives. So, in the interests of simplicity here are 11 risk management tips for leaders. The most important part of…

The Immune System is Risk

Posted on April 11, 2013 by Scott North

The immune system is risk. Over the course of the last 3 years we have been exploring the innovation of risk from the perspective of moving risk management away from a traditional focus of frameworks and tools, and towards an embedded practice within businesses across the globe. With organisations continually striving for that 1% more and driving themselves to different…

Risk Impact Spectrum

Posted on January 29, 2013 by Scott North

Risk impacts must include consideration of the risk impact spectrum. The current floods occurring in North Eastern Australia are a natural disaster, which is hard to predict and even harder to control. However these events make us realise that the initial consideration of the impact at hand, may actually not be the only impact your are dealing with at the…

Find those black swans, because they may find you first

Posted on January 16, 2013 by Scott North

We all need to find our black swans because they may find you first. The theory of the black swan dates back to 16th century London as a statement of impossibility. Back in the 16th century there was an assumption that all swans must be white because all swans identified by the known world at that time were white. Then…