Risk Roundup - June 2016

June 20, 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 June 2016.

Providing 360° Contextual Awareness of Risk

Organizations are failing to monitor and manage risk effectively. To improve risk management, companies should take a federated approach to risk management that allows different projects, processes and departments to have their own view of risk that can roll into enterprise and operational risk management and reporting. Read more

Facing (and Embracing) Strategic Risks

Strategic risks include everything from black swan events to political upheavals and financial crises, as well as new technologies that can render a business model obsolete. Strategic risk is the next frontier of risk management, one that will generate a more nuanced conversation about the risks that are sometimes imposed on companies and the opportunities for new businesses. Read more

12 Questions for Gaining Control of Your Risks

For project managers who focus on gaining control over project risks, controlling risks is an ongoing activity, not a one-time event. This article includes 12 questions that can help project managers and project teams gain and maintain control over their projects. Read more

Enabling an Integrated Compliance Lifecycle

Regulatory change is a challenge for many organizations across many industries. Companies are having a difficult time handling the large set of laws, regulations, enforcement actions, administrative decisions, and more. To face the challenge, organizations need to implement a structured process and technology for compliance management. Read more

Supply chain risks can have costly consequences if they are not addressed. In this in-depth interview, Marianne Voss, a stakeholder engagement executive at Sedex, reveals how she sees EHS risks compromising supply chains, how technology can heal the breach and what advancements are transforming the process.

New Workers, Higher Risk

Employees in their first month on the job have more than three times the risk for a lost-time injury than workers who have been at their job for more than a year, according to research mentioned in this Safety+Health magazine article. The article provides solutions to reduce the risk of injury to new workers. Read more

Using Project Management to Reduce Risk

CFOs must make sure that the organization is positioned to deal effectively with all kinds of risks: operational, financial, reputational and strategic. Aligning risk management and project management can help an organization improve the assessment of risks, according to this article on CFO.com. Read more

How to Look Backward and Forward at Your Risks

Project managers may fail to achieve their project objectives because they don’t know how to take a look backward and forward at their risks. Project managers can use risk audits to look backward and risk reviews to look forward. Read more

Retail Sector Risk: Building Effective Enterprise Compliance

Strengthening compliance across a retail organization, from the farthest reaches of local stores and supply chain partners to the corporate offices and, ultimately, the Board, calls for a new approach to enterprise compliance for many retailers. Read more

Risk Agility and Decision Making in the 21st Century

We live in an era of man-made risk. From cyber risk to terrorism, climate change, and reputation risk, mounting a credible defense to these risks requires as much soft skill as it does technical risk and analytical capabilities. Risk agility is the key attribute of organizations that survive. Adaptability and agility must be part of any risk management approach. Read more

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