Correct risk management involves being proactive and looking to the future, any growth should be from a firm base to opportunity, then consolidation and the cycle can then recommence. During a downturn we must prepare for the good times and ensure we are amongst the survivors. Some points to look at are:-.... ...[ Read More ]

These days the environmental agenda has matured and now extends beyond environmental compliance into business opportunity, which has demanded more sophisticated process linkages being implemented by companies. ...[ Read More ]

Is outsourcing the risk management function a risk or a benefit to the organisation? Risk management is about the identification, mitigation and financing of identified risks within an organisation. Outsourcing is about obtaining materials, components and services from suppliers outside the organisation. ...[ Read More ]

Last month in this column we discussed the career opportunities available in the area of risk management. An attempt to define Risk management was undertaken and educational opportunities were identified. The article sought to overview risk management as a generic issue and to create an awareness of the scope of the discipline. ...[ Read More ]

Risk management means many things to many people, last month we looked at fire ducting and how the adherence to correct standards can not only help reduce the risk of fire but also reduce building costs. This month we look at an occupational health and safety issue, namely RSI. ...[ Read More ]

For boards, audit committees and management keen to address the issue of risk management, the Ernst & Young study emphasises several key steps that require attention:... ...[ Read More ]

Education and training are the key to understanding this new world of risk that is the environment that we must deal with today to achieve business survival and success. It is difficult to give a brief overview of the educational needs of a risk manager because they are a diverse breed covering many disciplines and functions. Importantly to start with we should distinguish between education and training as the words are used interchangeably and without due regard to their fundamental meaning. ...[ Read More ]

A discussion with a colleague, Kevin Tant, produced the following outline for successful recognition of the concept of risk management as a new management discipline. A lot of readers will see the obvious stated here, luckily you are the converted. Risk management is the ability to identify, measure and finance the risks facing an entity in an effective way to ensure corporate growth and survival. ...[ Read More ]

Whether we like it or not we are entering an economic downturn, or in blunt terms a recession, how deep or how long is yet to be seen. ...[ Read More ]