Big news! (And it’s not just that I have new glasses!) DCDR.io now allows you to have custom categories for risks and incidents. Switching your existing risk management system to DCDR is now easier than ever with: Custom logo ✅ Custom categories ✅ Custom dashboards 🔜 Email me if you want to learn more chat@dcdr.io (But yes, I also have new glasses….)
It’s as easy as 1, 2, 3 with DCDR
This is a very short post which should work because it’s a very simple idea. Obviously, I’m a fan of simple (this is KISS risk management after all) but, as with lots of simple ideas, the trick is sticking to the idea and seeing it through without getting distracted. 🎧 Listen to a recording of this post 🎧 The idea is that you use the Pareto principle, or 80 / 20 rule, when you’re thinking about your risk management system. In short, the principle or rule is: ...
Happy New Year. Sorry this is a grim (stern?) start to the year but this idea bears repeating “Let’s wait and see…” ..actually, let’s not. Let’s do something about [fill in the risk here] right now. The sooner we start to act, the earlier we’ll understand the situation, the faster we’ll be able to mobilize resources, and we’ll start limiting the damage that will only worsen with time. This speed is essential when there’s a lagging indicator. By the time the metrics show things are getting worse, it’s already bad. ...
Don’t worry, that’s not a typo. Nor does it mean that you’ve missed a whole year (although we probably all feel like we could have done with a little less 2020). But I want you to imagine for a second that it’s almost January 2022. Why? Well, although we’re all going to probably feel a lot better psychologically in a few weeks time, the fact is that the situation on January 1 2021 will look a lot like the situation in late December, 2020. ...
There’s a lot in risk management where success is achieved by breaking something very large and complex (say, a risk assessment of a whole organization) into bite-sized pieces and risk governance is no different. I’ve written about risk governance in more detail here but I’m aware that the schedule of activities can become a bit overwhelming. So I spent a bit of time in my calendar and Asana, a project management app, the other day, looking at how to set this up once and then let automation do its thing. I estimate this will take about 30 minutes to get things set up. Then all you need to do is follow the schedule, saving you lots of time scheduling individual meetings and, best of all, avoid things getting out of sequence and gumming up your risk governance structure. ...
We’re getting towards the end of the year and, after a year like this, it’s understandable that we’re trying to wind down. Unfortunately, risk management doesn’t work like that so your risk register is sitting there, waiting for some TLC. Those big, scary reds are still there and you know that there’s still a lot to do. There are also a few ambers that you’re concerned about but haven’t quite got around to yet. ...
Defining an organization’s risk appetite and risk tolerance is one of the most significant challenges a risk manager faces. I’ll explain why in a moment but it’s important to understand these parameters as this helps managers at all levels understand where they are operating in relation to the organization’s risk /comfort level. Understanding these limits guides them when they are deciding which initiatives to pursue or kill. Or how much mitigation a risk requires. Maybe it’s what helps them decide it’s time to start pulling out of a market or country. ...
I think it’s safe to say that we’re all ready for 2020 to be over. The arrival of January 1st won’t miraculously solve all of our issues but we will be moving into a year where a lot of the unknowns of 2020 are now knowns. That’s a huge relief for risk manager who probably feel like they’ve been playing on heroic mode all year. 2020 wasn’t a game of Halo, but it felt like it at times ...
Make sure your contingency plan isn’t based on flawed assumptions. Use this quick checklist to run a health check on your contingency plans.