Risk Commentary Blog

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 ...

In a previous article, I showed that the term “risk tolerance”, borrowed from the world of finance, is actually of different types and qualities. If Enterprise Risk Management must contemplate risk to...

Definitions of risk tolerance can border on the absurd, showing a slavish adoption of financial terminology where it makes no sense.The degree of risk tolerance, whether at the individual or organizat...

The Economist’s risk management study back in 2010 found that there is a continuing perception of risk management as: “…support function staffed with narrowly focused specialists, such as business con...

IntroductionIn early experimentation, we tried using just a few keywords to express a risk. The trouble with that is, a week later, the people around the table (even the one who came up with the line ...

IntroductionDigital business transformation is a top-of-mind priority in management. Like all buzzwords, DBT is vague, but champions the cause of technology. At the same time, technology failure is co...

What can we make of this successful example of Enterprise Risk Management implementation, which has stood the test of time, and was praised by the Auditor General? Are there implications for others co...

So far in this series of posts, we have seen the genesis of the ERM program in the decision by the Board of Governors; the project team’s review of background materials; and the decision to begin with...

This is the next post in the Enterprise Risk Management implementation case study of Camosun College, B.C., Canada.IMPLEMENTATION APPROACHProject Approach – Key PlayersAs mentioned previously, the ide...

This is a continuation of the Enterprise Risk Management implementation case study of Camosun College, B.C., Canada.INITIAL STAGESImpetus to ERM: Compliance or Improvement?The impetus towards risk man...

This is a case study in successful implementation of enterprise risk management — the first of five parts of the case of Camosun College.Two key aspects of ERM; viz., a good risk identification/ asses...

In December of 2006 I published an article in Risk Management Magazine relevant to the question of the risk manager’s expanded role. It shows how to apply High Quality Risk Assessment to strategic pla...