A
Delicate Balance Between Risk and Reward |
Winning businesses will be those that are best able to balance
coping strategies, which are defensive and focused on avoiding
downside risks, with an increasing mix of exploitation strategies,
which embrace risk and make the most of the opportunities it
presents. |
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A
Structured Approach to Building Predictive Key Risk Indicators |
Leading risk indicators with good predictive capabilities are
critical to the successful management of enterprise risk. This
article describes how a process that incorporates some Six Sigma
methods for developing and using key risk indicators. |
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Attribution: A Robust Risk/Reward Measure |
Article by Timothy P. Ryan |
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Environmental risk management |
The transition of environmental risk management: Survey Finds That
Few Companies Consider Environmental Risk When Undertaking Major
Strategic Activities. |
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Exploring emerging risks |
Extending Enterprise Risk Management (ERM) to address emerging
risks. This paper looks at how organisations identify, assess, and
manage risks; what techniques they are using as the basis for
determining response strategies that align with their strategy; and
risk appetite and tolerance. |
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Future-Proofing the Company Against Risk |
As companies build more relationships up and down an increasingly
global value chain, their risk management strategies cannot be
merely preventive, defensive, reactive or just compliant. The best
strategies assess the peril and potential of every business
decision. |
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Glossary |
Riskglossary |
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Good Risk, Bad Risk: Are You Taking Intelligent Risks to Drive
Value? |
Risk is a fundamental part of business. But that doesn’t mean all
risks are the same. Companies that focus on the wrong risks are
wasting their time and money — and ultimately, short-changing their
shareholders. pdf |
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Individual differences in risk and uncertainty management |
Results of an online survey. The survey probed differences between
people in how they think about risk and uncertainty in business
situations. |
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Innovation and risk management: a recipe for improving performance |
The purpose of this report is to provide a basis for reflection on
current practice in this area and to make some suggestions for next
steps. In looking at organisations that excel, we identified
ingredients that appear to be common to those that achieve success
through innovation and well-judged risk taking. |
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Integrated Risk Assessment |
Current Views of Risk Management; article by H. Felix Kloman, pdf
file 21 K |
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Introduction to Dynamic Financial Analysis |
Our goal is to give an introduction into DFA concepts and methods by
presenting a model framework comprising those components many DFA
models have in common. Pdf-file 372 KB |
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Key
Risk Indicators – Their Role in Operational Risk Management and
Measurement |
In this chapter, we will seek to demystify key risk indicators
KRIs, understand the basic fundamentals in identifying, specifying,
selecting and implementing quality indicators, and consider how to
monitor and report on them, in conjunction with other useful
operational risk management information, to create powerful
management reporting. |
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Making sense of risk appetite, tolerance, and acceptance |
The purpose of this article is to explain the alternative meanings
involved and point out the common confusions. The alternative
concepts fall into three groups: (1) natural thresholds, (2)
artificial thresholds, and (3) propensities. |
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Managing the New Realities of Risk |
The success and growth of organizations depend today, as they always
have, on navigating the landscape of risks and opportunities. Most
current approaches to managing risk and capturing opportunity focus
on the most immediate and knowable environments and give only
limited consideration to uncertainties in the external environment. |
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Nonparametric Risk Management |
Nonparametric Risk Management and Implied Risk Aversion. Pdf-file |
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People, Process and Technology in Risk Management |
This article describes how to bridge the gap between the ability of
new technologies to deliver information and the actual use of that
data by management to make improved business decisions. |
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Rethinking business risk |
Anthony Mitchell and Marc Jones argue for a broader, more
integrative appreciation of risk and risk management than currently
prevails and examine what can be done today to avert or offset some
of the disastrous consequences of what might otherwise occur
tomorrow. 2007 |
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Risk / Opportunity Study |
To learn more about how corporate leaders view risks and
opportunities in the context of business growth and financial
performance, Towers Perrin partnered with the Economist Intelligence
Unit on a research study that involved a cross-industry group of
1,452 senior executives of midsize and large companies in all
regions of the world. 2008 |
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Risk and Firm Size |
Increases in the Systematic Risk of Large Firms. Pdf-file |
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Risk management in the context of performance management and
strategy making |
This article is about how to "embed" risk management into
performance management, planning, strategy making, budgeting, other
management exercises that involve objective setting. |
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Risk Register Quality |
Measuring and managing risk register quality. This article offers
suggestions on how to measure quality in risk registers and how to
use those measurements to improve quality. |
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Risk, Innovation and Values - Examining the Tensions |
This paper explores the tensions among innovation, values and
risk-taking that public sector managers face when they make
decisions about uncertain outcomes. The paper makes four suggestions
for consideration by Risk Management Division. |
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SEC
Risk Quantification Requirements |
Implementing The SEC Risk Quantification Requirements To Improve
Shareholder Value; article by Lang Gibson, doc file 93 K |
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Setting Up a Key Risk Indicator System |
This brief article is a good starting point for learning about key
risk indicators. This checklist describes what a key risk indicator
(KRI) system is, how they can assist management, and why you should
consider setting one up. Pdf |
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Strategic Long-Term Financial Risks |
The long-term goal of this RiskLab project is the development of a
theoretically well-understood and empirically founded conceptual
framework for the measurement of long-term financial risk of
strategic investment portfolios. Pdf-file 624 KB |
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Taking Chances: Finding Ways to Embrace Innovation, Risk and Control
in the Public Sector Organizations |
This document sets out five principles intended to support public
sector managers, auditors and legislators in a common purpose: the
application of sound management practices in the related areas of
innovation, risk management and control. |
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The
anatomy of Business Process–specific Key operational Risk Indicators |
The key to proactive operational risk management lies in ‘Business
Process-specific Key operational Risk Indicators’ (BP KRIs), where
the risk identification efforts focus on the idiosyncratic business
risks of functional processes. The purpose is to identify potential
high-risk hotspots and to anticipate a potential problem before it
occurs. |
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What We Know, Don't Know and Can't Know About Bank Risk: A View from
the Trenches |
This paper seeks to put forward a framework, from the perspective of
practitioners and policymakers, for how the known, unknown, and
unknowable vary by risk type within banking. Working paper 2006.
Abstract, pdf-file available for download |
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