The difference in a successful ERM implementation is in the approach. Having the right knowledge in “how to” ensures success. This article gives you the opportunity to self-assess, or health check your approach. What Comes to Mind for Top Managements? Imagine the day to day lives of top management; Will our company performance stay theRead more
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A Guided Tour of KnowRisk Power House Part 3: The Risk Matrix: Probability A Risk Matrix is an essential tool in assessing risks. Whereas most software provide a static and fixed risk matrix, KnowRisk provides unparalleled flexibility to design your own risk matrix. I am going to tell you in this blog how? A RiskRead more
Seven Towering Achievements of KnowRisk’s Knowledge Base The achievements which can change how corporate risks are managed It is only by implementing KnowRisk in demanding organizations, could we succeed in cataloging towering achievements of one of the highly prized features of KnowRisk; the Knowledge Base. The Knowledge Base features are too many and therefore we haveRead more
Methods & Steps As Risk Managers, we are converted; it’s having our staff members buy-into the risk process that counts! Think about the user screens that staff are asked to fill in, using risk management software tool, somehow staff are expected to follow a process. So you can have the traditional method for staff toRead more
A New Tool for Risk Managment Has Arrived! Welcome to Split Tree Risk Visualiser It’s time to rethink! Should we continue to use and rely mainly on heat maps, bar graphs and pie charts to represent risk! Why you might ask? Well let me tell you, it’s because we have a better tool to useRead more
Project Risk Management & KnowRisk a marriage made in heaven Is Project Risk Management just another risk? Project risk certainly is not just another risk, so what is it then? A risk is a singular risk, whilst a project risk is a composite risk. A project risk inherently has a hierarchy of risks. Each hierarchyRead more
I am an ardent fan of templates and more so when it comes to Risk Management Templates. Templates make life easier. Stated differently, form filling templates take out the tedium involved in getting a risk management job done. Templates let us do our job, by setting out a clear blueprint. You start from the top,Read more
It is true to say that the way to NoRisk is KnowRisk and the journey to NoRisk is not a “cut and dried” straight line, for some organisation it could be complex and tedious. That is where KnowRisk excels; it takes you on a smooth journey reaching NoRisk, avoiding the zigzag path of futile efforts. KnowRisk softwareRead more
The first pillar of Business Continuity Management System (BCMS): The Business Impact Analysis (BIA)
In the previous blog we established that BCMS is not a subset of ISO 31000. The entire thinking behind BCMS is that in spite of every precaution we exercised, the catastrophe has taken place? Under these circumstances, how do we keep operating the business? With this question, our focus immediately shifts from mitigating well-defined risksRead more
ISO31000 was promoted as the level playing field for putting all types of risk into the “same pot” and seeing which ones broke through the surface to cause losses of some form or another. ISO31000 galvanised into a major Standard (in fact becoming the largest selling Standard of all others in Australia and other regions)Read more