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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

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

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

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

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

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

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

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

Featured Articles

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Managing Risk and Compliance in a COVID-19 World

This is the time for a well-developed, well-embedded and well-operated enterprise risk management framework and processes. It is not a time to throw away risk management thinking. It is a time to bring it into action.
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Redefining Risk - Never Look at Risk the Same Way Again

What was once a backstage concern must now play a leading role. The reality is, if you want to be better as a company, you need to get better at taking risks.

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