decision-making

The Why, What, and How of ERM Software: An Essential Buyer’s Guide

By Carol Williams / July 27, 2020 /

PART 1: INTRODUCTION PART 2: WHY ERM SOFTWARE IS NEEDED PART 3: TYPES OF ERM SOFTWARE PART 4: HOW TO FIND THE RIGHT ERM SOFTWARE SYSTEM PART 1: INTRODUCTION What do you think is the most difficult part of enterprise risk management for risk managers and executives to make sense of? Is it risk appetite…

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Decision Analysis: A Structured Process for Improving Business Decisions

By Carol Williams / July 5, 2020 /

If you scroll through the posts on this blog, you will notice that many focus on decisions. This shouldn’t be a surprise considering that ERM is one tool for ensuring risk-informed decisions across the organization… Unfortunately, a growing number of organizations continue to report that their ERM processes do not provide a competitive advantage and…

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Why Reactive Decision-Making Can Be Devastating and How to Improve It

By Carol Williams / May 12, 2020 /

In response to the coronavirus pandemic, companies are having to make hard choices on how to survive and thrive through this uncertain time. Instead of taking time to consider potential impacts of their options, too many companies are taking a very reactive approach to their decision-making. The book Decision Quality: Value Creation from Better Business…

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ERM Outputs Do Not Equal Reports

By Carol Williams / November 19, 2019 /

There’s a common misconception that ERM outputs means reports… It’s easy to understand why – reports are something that people are comfortable with. They are tangible and usually don’t rock the boat since they simply lay out already known information in a glossy presentation. It’s no wonder then that over 40% of executive respondents in…

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Risk-Based Decision-Making: A Historical Analysis of Napoleon’s Life

By Carol Williams / November 5, 2019 /

A few weeks ago, the Risk Awareness online summit brought together some of the brightest minds in risk management, decision making, quantitative risk analysis, IT security, and more. You may recognize a couple of the speakers from the summit since I refer to them often. Many of the speakers though were new, even to me,…

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