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Tag / risk management

Canada lagging in risk management approach when compared to global counterparts

Canada lagging in risk management approach when compared to global counterparts

News   •   Jul 20, 2017 17:02 BST

Canadian businesses are lagging in their risk management approach and are more vulnerable to disruption when compared to their global counterparts, according to a report published by ​PwC Canada.

Executives not planning for increased global risks

Executives not planning for increased global risks

News   •   Jul 11, 2017 09:30 BST

A global survey of executives found that most view the world as increasingly risky, with many reporting a “significant operational surprise” over the past five years. However, the majority of executives also report that their organizations are not developing more robust risk management processes to help counter this increasing risk.

It's likely that something unlikely will happen

It's likely that something unlikely will happen

Blog posts   •   Jan 20, 2016 16:45 GMT

Most business continuity management lifecycle diagrams include risk assessment somewhere in the process. Risks are identified and rated, based on the likelihood of each risk occurring and the impact if it does. The problem with this approach is that the risks identified are, more often than not, of the low likelihood, high impact variety.

Genoa: The city where maths kills people

Genoa: The city where maths kills people

Blog posts   •   Oct 22, 2014 12:19 BST

On October 9th, 2014 the BCI Italian Forum was launched, the first Business Continuity Institute affiliated network in Italy for business continuity professionals. In a conference held in Milan, I had the chance to point out how the culture on this topic in our country is still very low and how it is important to pursue a radical change in mentality and in the approach to crisis management.

Business continuity vs risk management

Business continuity vs risk management

Blog posts   •   Oct 20, 2014 15:02 BST

According to ISO22301, business continuity is defined as the capability of an organisation to continue the delivery of its products or services at acceptable predefined levels following a disruptive incident. Risk management on the other hand is the systematic process of understanding, evaluating and addressing the risks that an organisation faces in order to mitigate against them.

Responding to global risks

Responding to global risks

News   •   Jun 19, 2014 12:18 BST

Business leaders are not doing enough to prepare for the risks that arise from our increasingly inter-connected world, such as government debt crises, extreme weather events and social instability, claims the Institute of Directors in a new report, Responding to Global Risks: A practical guide for business leaders.

Promoting security and risk management

Promoting security and risk management

News   •   Jun 09, 2014 12:18 BST

The Business Continuity Institute has formed a new partnership with Gartner, the world’s leading information technology research and advisory company, that will see both organizations working together to promote the field of security and risk management while encouraging networking and learning opportunities among those working in the industry.

How MAD are your Top Management?

How MAD are your Top Management?

Blog posts   •   Jan 10, 2014 12:54 GMT

Dare to ask that question of your Top Management? Maybe not, but a Risk Manager would try to understand their attitude to risk and their mythical 'Risk Appetite'. As a Business Continuity Manager, why not explore their 'Maximum Attitude to Disruption' (M.A.D.) a phrase I believe I uniquely use and created hoping it becomes more prevalent in a commercially driven BC world.

Black Swans – something for senior managers to hide behind or to action?

Black Swans – something for senior managers to hide behind or to action?

Blog posts   •   Jan 11, 2013 15:26 GMT

Some BC practitioners have argued that Risk Management techniques provide a tried and tested approach to dealing with conventional threats, but have limited effectiveness in identifying or evaluating rare but potentially catastrophic issues. There has even been a host of terms that have entered our common lexicon simply to try and define these types of high impact situations.