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.
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
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
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
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
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
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
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
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
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
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!