Risk managers must help their organizations assess the effect of Britain's vote to leave the European Union on their business, according to Airmic Ltd., the U.K. risk management association. London-based Airmic said “the risks associated with 'Brexit' must now feature on the principal risks for most organizations.” “A priority for organizations today is the creation [...]
As a risk professional in the energy sector, your overall risk management objectives can vary depending on the specific industry and company you work for. However, here are some additional areas of risks that you have to focus on your day to day tasks that you may typically perform: Risk Areas: Evaluate and analyze potential [...]
E-learning has become an integral part of education, including in universities. While it offers numerous benefits, there are certain risks that universities should be aware of and manage effectively. Here are some key areas of risk and corresponding risk management strategies for universities implementing e-learning: Data Security and Privacy: Risk: Unauthorized access to student [...]
In the dynamic world of business, where risks are constantly evolving, companies are reevaluating their approach to risk management. Recent trends indicate a significant shift towards strategic risk management, with reputation risk taking center stage. According to a survey conducted by advisory firm Deloitte, 81 percent of companies are now explicitly managing strategic risk, signaling [...]
I've been discussing stakeholders and communication for some time now without focusing on the key question: Why do stakeholders matter? Well, on most projects, stakeholders equate to risks. There are a few risks that don't involve people--inclement weather, for example--but 90 percent of the risks on most projects are caused by one or more people: [...]
Even with most security budgets growing or at least staying flat for 2014, no organization ever has unlimited funds for protecting the business. That's where a solid risk management plan can be a lifesaver. Dark Reading recently spoke with a number of security and risk management experts, who offered practical tips for getting the most [...]
Sustainable businesses looking to cut cost and also integrate sustainability concepts in business operations are looking to remote working to do the trick. Why? There are several contributing factors For starters, a report by the President’s Council of Economic Advisers in the US highlights benefits of remote working including “reducing absenteeism, lowering turnover, improving the health of [...]
GRC (Governance, Risk, and Compliance) and ERM (Enterprise Risk Management) are two related but distinct concepts in the field of risk management. Here's a brief comparison between GRC and ERM: Scope and Focus: GRC: GRC focuses on the broader aspects of governance, risk management, and compliance within an organization. It encompasses various activities, including defining [...]
