risk literacy

Four Ways to Strengthen Risk Literacy in Your Organization

By Ashley / August 28, 2018 /

Math is not my strong suit. I feel more at ease at the keyboard, weaving words together. That’s not to say I’m terrible at math. In fact, I passed a rigorous calculus course in high school, and I actually enjoyed business statistics. But those days are in the distant past, and I rarely have occasion…

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disruptive innovation

Disruptive Innovation and Change Resistance: A Death Sentence or Opportunity?

By Ashley / May 7, 2018 /

NC State and Protiviti recently released a report entitled, “Executive Perspectives on Top Risks 2018.” The report lists the top ten risks that account for the “key issues being discussed in the boardroom and c-suite” of those organizations surveyed. Topping the chart at risk #1: “rapid speed of disruptive innovation.” The report states: “This top…

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KRI system

3 Steps to Building an Effective KRI System Today

By Ashley / February 12, 2018 /

If your executives and managers love metrics, then they’re sure to use Key Performance Indicators (KPIs). Even if they don’t like numbers, any smart executive will be reviewing their KPIs dashboard. These historical measures are designed to gauge performance to ensure goals and milestones are being met. As risk professionals, though, we know the value…

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team player

The Ultimate Guide to Being a Team Player or Not During Meetings

By Ashley / January 15, 2018 /

Every new year ushers in a season of planning and activity, and that translates into more meetings. We have two choices: make the most of them and add value OR be a total pain in the neck to everyone else. For those of you who think meetings are a waste of time, we’ve compiled a…

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Taking ERM to the Next Level: Adding Value to Projects and Processes

By Ashley / December 18, 2017 /

The last two weeks have been focused on how you can free up existing ERM resources, either by resource allocation or revamping your risk assessment process. Now you can allocate those resources to better understand your enterprise risks and to create action plans and lower high risks to acceptable levels. Once you’ve completed those activities,…

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Stop Seeing Red: How to Revamp Your Risk Assessment Process to Free Up More Resources

By Ashley / December 11, 2017 /

As noted in last week’s blog on freeing up in-house ERM resources, your organization has probably experienced a substantial increase in the volume and complexity of risks over the past five years, and yet you have insufficient resources to strengthen your ERM processes to manage these new threats. These statistics from NC State’s report, The…

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erm resources

5 Simple Steps to Free Up In-house ERM Resources

By Ashley / December 1, 2017 /

Odds are you have more risks to manage this year, but not enough resources to do it sufficiently. In fact, here are a few startling statistics from NC State’s 2017 report, The State of Risk Oversight: An Overview of Enterprise Risk Management Processes:  70% of large organizations interviewed believe the volume and complexity of risks…

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From Debbie Downer to Team Player: 4 Ways to Change Your Organization’s Perception of ERM

By Ashley / November 3, 2017 /

Nobody likes a “Debbie Downer,” except of course the hilarious, unforgettable character from Saturday Night Live. She’s the one who always has something negative to say, even in the best situation. Unfortunately, organizations often think of ERM as the corporate Debbie Downer. You know you’ve received this dubious label when you’re not invited to planning…

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Practical Steps for Preparing and Responding to Risk Events

By Ashley / July 27, 2017 /

Everyone’s afraid of something. Most people seem to be afraid of normal things, like clowns, spiders, or public speaking. But for risk managers, our greatest fear is that all of our hard work will be for nothing. The risks we worked so hard to identify, assess, and report—the known and the unknown, the black swans…

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4 Ways ERM Can Add Value During the Project Lifecycle

By Ashley / June 23, 2017 /

A Risky Upgrade  Sometimes the simple projects are the ones that carry the most risk. A few years ago, a large organization undertook a project to upgrade  its HR software. Since the upgrade was to be handled as part of a renewal of an existing contract, the Sponsor and executives considered it a necessary project…

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