Risk Roundup - April 2016

April 18, 2016
By Jean-Grégoire Manoukian

Once a month, our Risk Roundup provides a recap of 10 interesting articles and online resources on Risk and GRC that caught our attention. We hope you enjoy the recap for April 2016.

Managing Change is the Greatest GRC Challenge

Change is the single greatest challenge for organizations in the context of governance, risk management, and compliance (GRC). Managing change and how it impacts the organization is driving companies towards improving their approach to GRC, according to this GRC Pundit blog post. Read more

How To Better Your Qualitative Risk Analysis

Qualitative analysis involves simple methods to quickly rate and prioritize risks. This article by Harry Hall explains why qualitative risk analysis is important and looks at three qualitative risk evaluation methods: 1) the KISS Method, 2) the Stacked Ranking Method, and 3) the Probability/Impact Method. Read more

How To Better Your Quantitative Risk Analysis

Quantitative analysis is a numeric analysis for rating and prioritizing risks. This article by Harry Hall describes quantitative risk analysis, why it’s important, and when it needs to be performed. The article also describes some common quantitative risk analysis tools and techniques. Read more

5 Types of Changes That Can Increase EHS Risks

Many EHS risks have one element in common: They are the result of some type of change, which can be expected or unexpected. If you want to successfully mitigate EHS risks, you need to have a grasp of the changes that can affect your organization. This post on Enablon Insights provides a summary of the types of changes that can create or increase EHS risks. Read more

Managing Third-Party Risks to Create and Protect Value

Third-party risk management often focuses on protecting an organization from downside losses. But according to this Deloitte Insights article, organizations that proactively manage third-party risks across the extended enterprise can achieve benefits (e.g. increased productivity, contract and asset optimization, flexibility and expanded growth opportunities). Read more

How to Manage Environmental Risk in a Complex Organization: Tips From DIA

Environmental management becomes more challenging as organizations become more complex. This Environmental Leader article looks at how Denver International Airport, the first U.S. airport to achieve ISO 14001 certification, uses its own environmental management system to manage the biggest environmental risks and keep track of the smaller ones. Read more

[Infographic] 6 Risks for Global High Tech Manufacturers

Global technology manufacturers face increasingly complex risk and insurance coverage challenges. This infographic on Risk & Insurance lists the top six risks faced by the industry. View infographic


Enterprise Risk Management Transforms C Roles and Drives Brand Protection

Many risk-related tasks and job roles are being consolidated under the umbrella of enterprise risk management and a single C role, according to this article on CIOReview. This has a transformative effect on companies. In addition, protecting the brand is the most important responsibility of this new role. Read more

Survey Results: Risk-Based Internal Audit Planning

How many organizations have shifted their internal audit plan to enterprise risks? How many remain with the traditional approach of addressing risks to individual processes, business units, or locations? How many are somewhere in between? These are the questions that Norman Marks tries to answer. Read more

For the Auto Industry: Managing Compliance Risks While Driving Innovation

Cars today are safer, cleaner and more fuel-efficient, but the automotive industry faces increased enforcement actions. This Deloitte Insights article discusses the challenges for companies in the automotive industry as they work to address the demands of increased regulatory oversight, and competitive pressures to innovate while managing a growing number of risks. Read more

Visit Enablon Insights a month from now to learn more about what caught our attention in Risk and GRC!