Month: September 2021

Due Diligence, Risk ID for Major Projects

Episode: 018Date: Tue 28 Sep 2021Title:               Due Diligence, Risk ID for Major Projects  EPISODE SUMMARY Due diligence is not the same as risk assessment, but they are complementary. Let’s explore their application in major projects. SHOW NOTES Introduction Due Diligence (defined) and High Quality Risk Assessment: how are they used in a complementary fashion in …

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Is Financial Risk Management Equivalent to ERM?

Episode: 017Date: Tue 21 Sep 2021Title:               Is Financial Risk Management Equivalent to ERM? EPISODE SUMMARYEnterprise Risk Management, for some, consists solely of Financial Risk Management. Is this sound? We offer commentary on quantitative modelling and its place in ERM. SHOW NOTES IntroductionFinancial risk management consists of a suite of quantitative methods. Are they foolproof? Main …

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Fixing Common ERM Challenges

Episode: 016Date: Tue 14 Sep 2021Title:               Fixing Common ERM Challenges EPISODE SUMMARY Is the faltering ERM program fixable? How to diagnose challenges in Enterprise Risk Management initiatives, and determine the best course of action. SHOW NOTES Introduction The curious juxtaposition of need vs poor take-up, as explained in Episode 1. Steps in Analyzing and Fixing …

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Economic Crisis: Why ERM Did Not Fail

Updated, originally published 30 January 2009 I believe the message in this article, resurrected from my archive, is still valid. Risk management controls: not implemented, or subverted? We are continuing to experience economic turmoil (i.e., from the 2008-2009 financial crisis). After the first severe and generalized wave of economic upheaval originating in the US recession, …

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Principles of Successful ERM Implementation

Episode: 015Date: Tue 07 Sep 2021Title:               Principles of Successful ERM Implementation EPISODE SUMMARY How can we best ensure an Enterprise Risk Management regime that is readily accepted and endures? Answer: by mastering the principles of program success, which will set you apart as an administrator. SHOW NOTES IntroductionIn our last episode, we focused on maintaining …

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