The Active Risk Blog


Without doubt, the single biggest factor when it comes to successful Enterprise Risk Management (ERM) is executive support. The concept of ERM is set by the tone at the top by executives who believe in and support a corporate culture that raises awareness about key risks and how to handle them through the organization. Getting top management buy-in is crucial, which is why we have put together a white paper full of ideas for communicating the value of risk management across the business.   Increasingly we are seeing that in the most successful organizations, risk management isn’t just about avoiding risks, it’s about understanding the key risks, taking the right risks at the best time with the most appropriate precautions – in short, a proactive approach to risk management that includes opportunity management.   Achieving this panacea where opportunities as well as risks are ...  



Working with the IRM on key research looking towards 2025   We are delighted to be working with the Institute of Risk Management (IRM) as a technology partner in its latest research project. As part of its 30th Anniversary, the IRM is conducting a major research work looking into the ways that risk management is changing, and presenting forecasts for how it will look in the 2025 landscape.   In the last ten years we have already seen both the risk landscape and expectations on risk departments change beyond recognition. The globalisation of industry, widening communication networks and the rapid changes in technology and demographics have changed the nature of risks that organisations face, both in number, complexity and the speed in which they arise.   With little comprehensive research or debate on what stakeholders, leaders and the Institute of Risk Management's members are likely to ...  



By Tiffany Goddard, Sales Director, Carahsoft   The goal of the U.S. government's Enterprise Risk Management (ERM) protocols is not to completely eliminate risk, but rather to increase risk awareness and prepare for the worst case scenario. The U.S. Department of Defense defined ERM in their Defense Risk, Issue and Opportunity Management Guide. This guide aims to help organizations make decisions about the best solutions for a technology acquisition while identifying, analyzing and attempting to handle the consequences of known risks, issues and opportunities. The key areas addressed in the guide are:   Risks – Future events or conditions that may have a negative effect on achieving program objectives for cost, schedule and performance. Issues – Events or conditions that have already occurred, are occurring or are certain to occur in the future and have a ...  



So you have your process in place and your perfect Risk spreadsheet template on the company portal... why are you still spending precious time in umpteen risk review meetings, taking all the notes and amalgamating all the data, when what you really should be doing is analysing it?   For those of you that haven't yet introduced your business users to Risk Express, here's something to whet your appetite. We've picked three screens that we think really bring the application to life and most importantly could help you to wean users off spreadsheets and onto something altogether more sophisticated, that is every bit as easy to use.   Risk Assessments in seconds     Much better looking than a spreadsheet, this screen enforces standard scoring and data capture, making risk identification, assessment and task management easy for your business community.   With its built in functionality there is no ...  



As risk practitioners it is no surprise to us that risk is becoming more important to the corporate agenda. These days it is widely acknowledged that risk touches every aspect of an organization and as such, is often owned not just by risk managers, but also departmental and business heads. We have designed ARM 9 to reflect this, building in new features that support collaborative working and encourage engagement across the business.   For example, the new Document Vault allows users to store documents against activities, portfolios, risks, audits or incidents, and because it supports commonly used file types, it is accessible for all users. Plus we have included new data views that allow users to Risk Adjust at both the project and enterprise level, giving valuable business performance information to support strategic decisions.   We have also recognized that hosted software is an ...