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Embracing complexity with value-based risk management

In the current environment uncertainties seem to be everywhere, making strategic planning more difficult than ever. Many companies use enterprise risk management (ERM) as a proven framework for managing risk. However, businesses are now looking to improve their track records when it comes to...

Why risk management is failing

Embracing complexity and uncertainty with value-based risk management

A different approach - "value-based risk management" - can help organizations strengthen their decision-making capabilities and ultimately achieve better alignment with the strategic needs of the business.

Assurance of your growing business

Are your new operations really as ready as you think?

As corporations extend their footprint into new geographies or new types of operations they face many challenges, not least of which is the potential for unexpected losses that can damage operations, corporate reputation, brand and business performance. Establishing strong and safe operational...
Travel & transportation, Risk

Subcontracting safety?

Strengthening control of supply chain safety using a culture-based approach

In the face of relentless and growing pressure for efficiency, companies are increasingly outsourcing to suppliers and contractors, meaning that managing safety across the supply chain is more challenging than ever. Guaranteeing safety throughout this chain is becoming more influential in decisions...

Detection and prevention of risk from third parties

National legislation with broad international reach  is increasing the acute risk of legal non-compliance and the associated impact on corporate reputation. A risk-based due  diligence approach is required to detect and prevent these risks.
Utilities & alternative energy, Risk

Driving safety improvement

Improving business performance through strengthened road driver management

As businesses improve safety performance in core operations, risks relating to road transport are stepping into the limelight and concerns are being raised at board level as threats to business performance are becoming clear.  The United Nations has declared 2011-2020 the Decade of Action for...

Safety governance: Getting it right

Exercising effective safety governance across large, diverse corporations

As companies become increasingly consolidated, the challenge for their boards and executive leadership teams are to decide what form of corporate safety governance is required, and how leadership will support the effective implementation of this governance across their company’s constituent...

AIM for Risk Management

Using Asset Information Data to Dramatically Transform Risk Management

In the future the changing risk profile of a business will be used as a tool in day to day management. The steady increase in data available on companies’ assets (both tangible and intangible) presents an opportunity for delivering this through the integration of big data with risk and opportunity...

Escaping the Safety Performance Plateau

Getting safety improvement back on track

But as the easy wins grow scarce, it becomes harder to maintain the initial levels of engagement in those charged with delivering improvement, and targets start to be missed. The temptation may be to push even harder from the top of the organization, but this may not work, and different approaches...

Risk Intelligence of Leaders

Developing ‘Risk Intelligence’ in Leaders to Drive Safety Improvement

We have developed a tool to measure this quality both for individual leaders and a leadership team. This tool has been shown to drive safety improvement through changing leaders’ behaviors by challenging their perceptions and attitudes. The tool not only highlights areas to change in individual’s...