Getting to the New Normal — Faster: A Sustainable and Resilient Restart
The coronavirus lockdown is a great opportunity to reevaluate business practices, reach new markets and grow. Find out how to do so safely here....
De-Risk
The Ultimate Risk: Pandemics
We all knew it was coming, so why did we fail to prepare for Covid-19? This article explores how Black Swans and Groupthink phenomena exacerbated the coronavirus outbreak. And what we can learn to prepare for the next one....
The Personality Spectrum: Are You A Risk Taker?
08:58 03 April
in Risk Analysis
Science is increasingly telling us that we have multiple personalities on a personality spectrum. There are multiple versions of ‘you’ inside your own head. Whichever personality ‘you’ are depends on many different circumstances – such as what mood you are in, the environment you are...
The Countdown To Brexit: How The Government Can Effectively Prioritise And Deliver Preparedness Projects In A Rapidly Reducing Time frame
The government must prioritise its Brexit preparedness projects with utmost efficiency if it wishes to deliver them before the deadline next March. Read how this can and should be done here....
Why you’re probably under-estimating GDPR
11:42 20 August
in GDPR
Too few businesses have the 25th May 2018 set as a key milestone date in their organisation’s calendar. This is the date when the European Union’s new General Data Protection Regulation (GDPR) comes into effect. GDPR will be a new EU data compliance law, designed to ensure that...
Accurately quantifying risks
11:39 20 August
in Risk Analysis
Read on and learn how to accurately quantify risks; explore why traditional risk management methods are not as effective as people might believe, and what it is that can be done about it for effective risk management....
Where Risk Management Fails and How to Fix It
11:15 20 August
in Risk Management
In this post, we're going to look at where risk management fails and what you can do in order to fix it. read on to find out more....
Why TSB’s risk management strategy failed
18:21 08 June
in Uncategorised
A number of commentators have pointed out that TSB chief executive Paul Pester’s love of surfing and triathlons should have made him well-placed to cope with adversity and sudden shocks – such as the sudden and total IT failure which has seriously dented his company’s...
Brexit: What are the risks of groupthink sinking your business?
09:00 06 June
in Brexit
If Theresa May, as predicted, wins the General Election on the 8th June and strengthens her majority and mandate in the House of Commons, then we can expect the official negotiations for Britain's exit from the EU to begin in earnest. In deciding its own goals...
Risk management – I just don’t get it.
13:04 24 March
in Business
Ever heard that statement? Normally what they really mean is “I get it, but why does it have to be so formal?” The deciding factor on how much formality is appropriate should be based on the size and complexity of the project or programme. In ABCD...
Fast Track your career using Risk Management
10:23 23 September
in Business
The "Fast-Track to Success: Risk Management" is now published and available on Amazon.com andAmazon.co.uk Business is all about managing risk and taking opportunities. However, this is normally approached in an informal way which leads to highly unpredictable results. Let’s look a number of common roles in...
Issue Management ruins Risk Management
10:32 09 August
in Business
Issue management is a natural and essential part of project management. But if it is not set up correctly, it will compromise or even completely undermine your risk management. Defining issues and risks is not as easy as it looks On the surface, it’s quite clear: an...
Where is the value in risk management?
12:44 13 April
in Business
It always starts the same way – “So what is it that you do, risk management? So you work for a bank?” Err no. “So you are in insurance?” No not quite. “Health and safety?” Definitely not!" So what exactly is “risk management” and where...
Africa – Where risk management really can be a matter of life or death (Part 2)
11:42 12 February
in Business
[blockquote text="Last week we looked at the first part of our trip to Kenya to see how Oxfam approach the subject of project and risk management. You can read the first part by clicking on the link at the top of this page -...
Africa – Where risk management really can be a matter of life or death (Part 1)
12:25 05 January
in Business
[blockquote text="Last week De-RISK started a new engagement with Oxfam GB (Horn East and Central Africa Region) to look at how the risk management techniques we have successfully employed in big corporations might be adapted for use in their work programmes. This blog diarises...
Extreme Risk Management – Mountaineers and Project Management
12:42 30 December
in Business
This article was originally published in Project Manager Today in April 2008. We all know that mountaineers take extreme risks but perhaps it’s not as simple as it seems. Good mountaineers are certainly superb risk managers but the nature of the terrain, conditions and competency...
Strategic Risk Management – Taking the Long View
13:10 09 November
in Business
"Strategic Risk Management - Taking the Long View" Most companies have risk management processes in place, but there is too much focus on...
Enterprise risk management – Science fiction or reality?
13:11 09 October
in Business
Enterprise risk management (ERM) is the Holy Grail in many organisations. Recent events have made ERM even more desirable in some businesses but is this achievable in reality or just science fiction? What is Enterprise Risk Management?Enterprise Risk Management (ERM) is a process by which the total...
Groupthink and how to avoid it
13:20 10 September
in Business
What is groupthink? When groups make decisions, they may well take more risks than the individuals themselves would - this is "groupthink". The term "groupthink" was coined by psychologist Irving Janis in the 70s. Janis defined groupthink as a phenomenon where people seek unanimous agreement in spite...
Risk Management – Positively Useless?
13:30 11 August
in Business
Many of you will be familiar with ABCD risk management and its benefits. But have you really thought why it is so effective when compared to "traditional" risk management approaches? To explain this you really have to consider the psychology behind traditional risk approaches...
Avoiding Black Swans
13:35 15 July
in Business
n 2008, Nassim Nicholas Talib published a book called "The Black Swan". A Black Swan is defined as being an event which has three characteristics; it is highly improbable, has massive impact and, in a strange way, appears almost inevitable after the event! Due...
Risk as a Competitive Differentiator
13:42 20 June
in Business
Many sales professionals will shy away from the subject of risk, preferring to play down or deliberately ignore the inherent risks in their proposals. Good sales professionals will realise that risk can be turned around to become a massive competitive differentiator and the way...
De-risking the Downturn
13:46 23 May
in Business
What role does risk management have to play in a recession? After all it was a failure of risk management that created this situation in the first place, wasn't it? Well partly - there were a lot of bad decisions made on the back of...