Blog | Risk management

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26. Jun, 2019, doc. dr. Brane Bertoncelj

Why Study Risk Management and Corporate Security?

In a competitive business landscape, the most successful organizations are those that have managed to adapt to the new conditions as quickly as possible and to control the risks imposed. Despite being constantly faced with internal and/or external factors that affect the uncertainty and unpredictability of the situation and the achievement of business goals, it […]

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13. Jun, 2019, Niko Jarnberg

Risk assessment [Part 2]: How to assess risks in practice?

In my previous blog post I talked about risk measurement system, which I will now present you in practice. I am sure this approach will make it easier to evaluate the risks in your every day work. I often say to our clients that the system is merely a tool, which is why it cannot capture all […]

Blog
30. May, 2019, Niko Jarnberg

Risk assessment [Part 1]: Setting up the risk measurement framework

In our second instalment of our risk management process series, we are going to look more closely to the process of assessing risks. Fundamental step for risk assessment is the setup of the risk measurement framework. In effect this means that before we start the actual assessment, we must decide a set of criteria that […]

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16. May, 2019, Jure Habbe

From Theory to Practice: Managing Risks in an ICT company

Content on risk management often seems theoretical and something that has little to do with the reality. This is why this time I am presenting a practical example of how we identified the main risks and took measures to prevent their realization, that could in a worst-case scenario jeopardize the very existence of our company. […]

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26. Mar, 2019, Aleš Ahčan

How to define “a risk”?

Similarly as to an individual, “a risk” to a company represents a future uncertain event with probable negative consequence. People see, or notice those risks, that have a negative impact on their physical health that can result in a death (such as cancer, stroke, traffic accident). For companies, such events represent all risks that negatively […]

Silver Bullet Risk - BLOG - ERM - Risk management - identification
Blog
7. Mar, 2019, Niko Jarnberg

How to identify risks?

Before starting any systematic risk management efforts, it is crucial to identify the risk that the company is exposed to. The aim of the risk identification process is to establish a catalogue of risks or so called “risk register”. While this process usually is relatively intuitive there are few pitfalls that should be taken into […]

silver bullet risk - blog - risk management process
Blog
20. Feb, 2019, Niko Jarnberg

How to manage risks systematically?

Systematic enterprise risk management is a never-ending process in a company that ensures that the risks are appropriately managed. Risk management process is in its simplest form divided into 4 main phases: 1) Identification 2) Assessment 3) Treat 4) Control While many ERM books make it sound complicated really is not. First, we must identify […]

Silver Bullet Risk - BLOG - ERM - Enterprise risk management - ROI Vision
Blog
6. Feb, 2019, Igor Zgonc

How to adequately evaluate what DOESN’T happen within an organisation? [PART 1]

The role of ROI in managing organisational risks When something happens within an organisation, it is easy to quickly evaluate the effect of said event and determine the responsible department or person. It is more complicated, however, to do the opposite: if nothing earth-shattering happens within an organisation, it is almost impossible to prove that […]

Silver Bullet Risk + Fermion
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23. Jan, 2019, Igor Zgonc

1 + 1 = 3 | A merger, novelties and more

New Year brings new beginnings – this goes for us too! As with the right synergy, one plus one can be three or more, we proudly announce the merger of two risk management companies – Silver Bullet Risk and Fermion. With our joint market approach, we wish to offer to the domestic business environment the […]

Silver Bullet Risk - BLOG - ERM - Enterprise risk management
Blog
13. Sep, 2018, Igor Zgonc

How to evaluate risks in your company?

Risk Evaluation is the process used to compare the estimated risk against the given risk criteria so as to determine the significance of the risk. Managing risks in a company starts with a decision to strategically manage risks organization-wide. Risk management team or executive(s) who is(are) responsible for implementing the process must first put together […]