What is risk management?

If you travel every day from your place of residence to the workplace, it is a good practice to you assess what could go wrong during the trip. A flat tyre, car runs out of fuel, and the engine may malfunction and suddenly stop working or the driver sleeps while driving! You examine all these

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How to Conduct Enterprise Risk Maturity Assessment

The first step in implementing effective risk management (fraud risk and cybersecurity risk) program is context analysis to establish the current state against the best practice or aspiration levels. Which level is our organisation’s risk maturity? What gaps should our risk management agenda close? What will it take to close the gaps? How ready is

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ERM outsourcing for improved corporate resilience and high-risk maturity

The objective of risk management is to create and protect corporate value. However, without the right experts and tools, you may have a risk management function that fails to deliver the full benefits of risk management. How do you link innovation to risk management? What is the relationship between strategy and enterprise growth and risk

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Managing risk amid COVID-19: Part 3

Managing risk means more than protecting value. It is about creating value through viewing risk management as an aid to building credibility and achieving sustainable growth. In parts 1 and 2, we saw risks being managed through Treatment and Transfer. In this article, we will now look at risk Termination and Tolerance as the other

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Risk management amid COVID-19…Part 1

If risk management is to ever take centre stage in any boardroom, now is the time! Amid the coronavirus, pandemic risk management is critical to keep organisations afloat. Unfortunately, studies show that lots of SMEs aren’t approaching risk management in the right way. They don’t spend enough time thinking about the approaches to use to

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