FIVE STEPS TO ENTERPRISE RISK MANAGEMENT
With the changing business environment brought on by events such as the global financial crisis, gone are the days of focusing only on operational and tactical risk management. Enterprise Risk Management (ERM), a framework for a business to assess its overall exposure to risk (both threats and opportunities), and hence its ability to make timely and well-informed decisions, is now the norm. Reade more
ALIGNING RISK TO OBJECTIVES – USING KEY PERFORMANCE INDICATORS
How often are we advised that we should “identify and manage risk against objectives”? Sounds easy, but how many of us are doing this effectively, especially at the strategic level?
AN INTRODUCTION TO QUALITATIVE RISK ANALYSIS: WHAT IT IS, WHY IT’S USED, AND HOW IT WORKS
Effective risk management isn’t just a safeguard—it’s a strategic advantage. Today’s organizations face increasingly complex challenges, making it essential to assess potential threats with precision and clarity. With tools and strategies like qualitative risk analysis, analysts can identify, evaluate, and prioritize risks based on likelihood and...
TRANSLATING RISK MODELLING INTO BUSINESS VALUE
Projects slip, budgets break, and opportunities disappear— not due to a lack of risk modelling, but because critical insights fail to reach the right decision-makers. The real failure lies not in technical accuracy, but in the strategic...
RISK IN PROJECT MANAGEMENT: UNDERSTANDING THE IMPACT AND STRATEGIES FOR SUCCESS
Did you know that almost 80% of projects go over budget or experience timeline delays, according to Quixy? Project management comes with countless variables that can derail even the most well-planned initiatives. But here’s the good news: with the right approach to risk management in project management, you can stay ahead of uncertainty and turn potential setbacks into strategic wins.
MASTERING CREDIT RISK MODELLING FOR FINANCIAL AND INSURANCE FORECASTING
When evaluating loan applicants, credit officers, insurance underwriters and financial professionals have the complicated task of accounting for all the factors in the applicant’s profile that could lead to a default. Instead of relying on gut instinct, discover...
BEST PRACTICES FOR PROACTIVE RISK MANAGEMENT IN AGILE PROJECTS
Every project carries risk — but how you manage it can mean the difference between momentum and mayhem. As organizations face mounting pressure to deliver value quickly and adapt on the fly, many are turning to Agile: a flexible, fast-paced approach that breaks work into short, iterative...
PREDICT! + @RISK: A POWERFUL END-TO-END RISK MANAGEMENT SOLUTION
Risk management professionals know Microsoft Excel well — it’s versatile and embedded in daily operations. That’s why @RISK, our advanced risk analysis software, integrates directly within Excel, giving decision-makers powerful risk analysis capabilities exactly where their data lives. @RISK is used by leading companies in pharmaceuticals, aerospace, and many other industries to help improve decision-making, control costs, comply with regulations, and much more.
Mastering capital project cost risk with smarter models in @RISK
All projects come with risks—but scale them up, and the stakes rise fast. In fact, a 2023 survey by McKinsey found that large capital projects overrun budgets and schedules by 30-45%. Traditional contingency planning— adding a fixed percentage to the budget...
