Nothing lasts forever, nor will the crisis: plan today for success in the aftermath
In spite of warnings and alarming situations from abroad, one or two weeks ago none of us could imagine the full extent of the effects of the corona virus. In just a few days, we have shut down businesses, closed offices, relocate businesses to virtual offices as much as possible, found web applications and IT […]
What is the effective risk control?
A crucial element of an effective risk management strategy is the setup of the risk control framework and identification of the appropriate KRIs (Key Risk Indicators). This task requires a precise definition of the objectives to select the potential elements that might hinder the achievement of those objectives. The process of identifying the KRIs may […]
Risk Management & Business Continuity: Is Your Business Ready for Disaster?
Ask yourself: Can you effectively continue your business after a fire, flood, earthquake or loss of your most important customers or suppliers? In light of the current spread of the coronavirus on a world-wide scale, it is possible that in many cases business continuity plans will have to be activated. As we know from media […]
5 risk mitigation strategies and how to properly manage the risk mitigation
The ultimate purpose of risk identification and analysis is to prepare for risk mitigation which includes reduction of the likelihood that a risk event will occur, and/or reduction of the effect of a risk event if the latter does occur. This time, we will show you the strategies to reduce or mitigate such risk and […]
How will we manage risks tomorrow?
Change has always been a common part of business; and yet today, companies are feeling overwhelmed by the pace of development and technological change. As a consequence, only a few risk departments think they are adequately prepared for technological change, and that they also enjoy the support of their organization. In such circumstances, how will […]
How to reduce critical infrastructure risks by enhancing the security culture among employees?
The recent disruption in the medicine supply in Ljubljana has proven that risks and adverse events are not just a theory, or something that happens only to others. The same can be said for the possible occurrence of multi-million-dollar financial damage and “immeasurable damage to the company’s reputation and customer confidence”. In addition to the […]
What is risk perception and how can we improve it?
[GUEST AUTHOR]: doc. dr. Brane Bertoncelj, Former director of cash management department at the Bank of Slovenia Risk is a personal, professional and social overburden. “How safe is safe enough?” is the common denominator of an increasingly difficult decision-making in identifying an acceptable risk in a precarious social environment. Risk perception requires us the assessment […]
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 […]
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 […]
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 […]