Good risk management is not minimising all operational risks at all cost.
Directly link risk management to the achievement of your objectives.
Today's leading organisations recognise that risk management is in fact performance outcomes management. They are resilient organisations who de-risk their known knowns, known unknowns and unknown unknowns - the latter normally handled by a robust business continuity management plan and have implemented risk-based opportunity management.
In this eBook, we outline common issues many organisations encounter when linking risk to their strategy, risk appetite, tolerance and capacity and provide basic steps and proven solutions you can implement to overcome many of the hurdles encountered when moving from risk management to performance management including:
David Tattam is the author of "A Short Guide to Operational Risk" and is recognised internationally as a specialist in all facets of risk management and in particular, enterprise risk management. Prior to founding Protecht in 1999, he held roles as the Head of Operations and Risk Management at two international banks, WestLB and The Industrial Bank of Japan.