Podcasts & Blogs

Whether you are heading to the beach or are looking for something to enjoy over your morning coffee, I think these books have something to offer if you are already involved in enterprise risk management (ERM), or if you are planning implementation in the future.

An employee who understands and appreciates the concepts and benefits of ISO 31000 will be more inclined to join the discussion and support the process. Therefore, make sure you take a little time prior to the workshop (15-20 minutes) to educate the participants on ISO 31000 and the anticipated outcomes of the workshop.

So if we want employees to be eyes and ears for us regarding risk, first we have to get their attention and talk about risk. That means that we need to be ready to describe what we really mean when we say “risk.”

Most risk managers are well trained to predict future outcomes based on past experiences and to create top-notch risk prevention and financing solutions for those risks we can predict. But is that enough to prepare our entities for the uncertainties of today’s world?

It was unthinkable that we would have to respond to a pandemic threat like Ebola or avian flu and that those risks, which originate far away from our shores, could pose a threat to public entities all across America.

Risk was something to be avoided, transferred away, segregated and minimized. We worked hard to minimize the adverse effects of losses and claims, transfer or prevent them when possible and finance them when necessary. We treated risk like a bad, four-letter word and in some instances, we still do.