Layout Image
Source: starwars.wikia.com

Four lines of risk management defence…

The Bank for International Settlements, sometimes known as Basel Committee, have just released an Occasional Paper (source: https://www.bis.org/fsi/fsipapers11.htm) on “The 4 lines of defence model for financial institutions”. If you don’t know BIS or Basel, then picture them as the Jedi Council of central banks globally. The Reserve Bank of Australia (RBA) sit on this council; and APRA as the…

Read More→

Computer Keyboard Keys With Word Defense

The Three Lines of Defence

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…

Read More→

Scrum Development Schema

Agile Risk Management

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…

Read More→

11 risk management tips

11 Risk Management Tips for Leaders

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…

Read More→

immune_system

The Immune System is Risk

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…

Read More→

screenshot88

Risk Impact Spectrum

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…

Read More→

Graphics from Presentermedia.com and iStockphoto (unless otherwise advised or referenced)