Tagged: risk

Flattening the Curve of a Risky Future

Expert Contributor Kevin Benedict looks to the post-pandemic version of normal, interrogating the extent of our new-found awareness of risk. Encouraging strategy that includes a focus on risk can certainly help organisations and governments better prepare for disaster response.

risk management cycle

Managing Risk or managing risks?

There are many risk management methodologies in existence but it is not uncommon to come across large firms still following today simplistic, dysfunctional or flawed practices, in particular around operational risk management.

The main issue with many of those approaches is that they are plagued by a fundamental theoretical issue, which goes far beyond semantics: There is an abyss between managing “Risk” (broadly defined as “the impact of uncertainty on objectives”) and managing “risks” (events or scenarios that might have an undesirable outcome).