Risk Management Insights In Australia | Protecht

Controls Assurance Webinar

Awesome Controls Assurance: The Confidence to Go Faster This event was done live on Oct.22nd 2019. Access the recording here. “The greatest potential for control tends to exist at the point where action takes place.” This quote by Louis A. Allen shows how controls are an integral part of our daily life. Whether it's crossing the road, driving to work or climbing a mountain, controls are there to enable action while staying safe. Click here to access the recording

By The Protecht Group

Enterprise Risk Management, Risk Culture, Risk Management

Prevention is better than cure - and other risk management cliches

There are many well used, almost clichéd phrases in the English language that contain powerful messages for the risk manager. Some that come to mind ... Read more

Enterprise Risk Management, Risk Controls, Risk Taxonomy

Risk Event Libraries. Do your own sanity check.

At Protecht, we get to see a lot of risk event libraries. There continues to be some confusion as to what is actually a risk event that is worthy of ... Read more

Enterprise Risk Management, Risk Culture, Operational Risk

How to Reduce Risks Caused By Human Error

What is Human Error? Risk events often have many contributing causes, a common one being ‘human error’. But what is human error can be adequately ... Read more

Risk Management, Risk and Control Self Assessment, Risk Maturity

Expected and Targeted Risks

Are they useful? Residual risk, the risk after considering existing controls, is universally accepted as important to assess in the risk assessment ... Read more

Security Camera _Blog_Image_Resized_ 23 July 2019

Enterprise Risk Management, Inherent & Residual Risk, Risk and Control Self Assessment

Inherent Risk – Is it useful?

The ISO 31000:2009 standard does not refer to “inherent” risk. Is this a deliberate omission and if so, what is the reason? This leads to the ... Read more

Risk Controls

Integrated Controls Assurance –Maximum Assurance, Minimum Effort

Controls assurance is a critical component of any robust risk management framework, providing an organisation with: Objective evidence that controls ... Read more

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Risk Management Training, Risk Controls

Risk Controls! Going through the motions or providing real value?

Controls to assist us managing risk have been around for thousands of years. Why – because risk has been around since the beginning of time. Our ... Read more

Maninbowtie _Blog_Image_Resized_ 23 July 2019

Bow Tie Analysis, Risk Controls

Bow Tie Analysis

Bow Ties usually conjure up a vision of a formal event, to be used infrequently for special occasions. For risk bow ties, nothing could be further ... Read more