Risk Management Insights In Australia | Protecht

Tie your risks with a Bow Tie

The dress Bow Tie originates from the 17th century. Croatian mercenaries held their shirts together around the neck using tied scarfs during the Prussian war. It then gained favour as a fashion statement by the French (Cravats) and as they say, the rest is history!

By David Tattam, Chief Research and Content Officer | 2 minute read

ERM, Risk Controls, Risk Manager

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 ... Read more

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 and can it be ... Read more

Dart Board With Darts to illustrate targeted risks

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

CCTV security cameras on building wall illustrate controls for inherent risk

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

Multiple gears to illustrated integrated Controls Assurance

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

Controls-Assurance-webinar-Landing-Page-Banner-1280x445

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

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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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