Introduction The nature of risk management is perpetually evolving which is of course, natural, as practitioners seek to drive improvements through either rethinking existing practices or through innovation. One such area on which there is often no overall agreement, is that of risk aggregation. There are few studies on this issue and neither ISO nor […]
KPIs, KRIs, KCIs… It’s easy to get tangled in the alphabet soup 🥣 of metrics. While each of these ‘K & Is’ plays a distinct role in your organisation’s success, they are all ultimately just indicators serving a different purpose. ⬇ Here’s the breakdown: 🔹 KPIs (Key Performance Indicators) – These metrics keep score of […]
Necessities for Effective Risk Management What is it? A control is any action taken by management, the board, and other parties to manage risk and increase the likelihood that established objectives and goals will be achieved. (Source: IIA/IPPF) There may be different definitions, but I personally like this one as it includes all the key […]
What is it? Governance refers to the framework of rules, practices, processes, and structures by which an organisation is directed and controlled. It encompasses the mechanisms through which the objectives of the organisation are set, monitored, and achieved, while also ensuring accountability to stakeholders. Risk governance is a subset of overall governance that focuses specifically […]
