How to Perform Operational Risk Assessments?

How to Perform Operational Risk Assessments?

Rating: Risks are inherent principles of business functions and processes. While we have control over some risks, others are just not in our hands. Operational risk is a risk classification on which we have power to a large extent. Assessing and evaluating operational risks is vital. Organizations should develop foolproof assessment programs, as understanding and…

How to Perform Operational Risk Assessments? was last modified: October 10th, 2014 by Fadi Al-khatib



ORM

Watch Out for Operational Risks in Your Business Grounds

Managers often overlook operational risks, letting financial, strategic and compliance risks gain priority. They tend to escape the fact that operational risk management is significant and integrated with other risk zones. Let’s have a look at the following scenario to know how Alan, Jack and Sarah face a challenge in their company. Sarah is an…

Watch Out for Operational Risks in Your Business Grounds was last modified: October 10th, 2014 by Fadi Al-khatib



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Five Essential Features to Incorporate in Your ORM Software

Choosing your company’s Operational Risk Management (ORM) software can be tricky. ORM software should be custom designed to allow for analysing the functions and workflow of specific business structures in a precise manner. Its purpose is to measure and manage risks by monitoring the workflow closely. Every organization has a different work trajectory and the…

Five Essential Features to Incorporate in Your ORM Software was last modified: November 3rd, 2014 by Fadi Al-khatib



ERMbig

How healthy is the ERM culture in your organization?

A healthy risk culture hardly ever happens instinctively in an organization. The culture is instilled when ERM leaders define and encourage character traits and practices that support effective ERM behaviors in people. Here are a few cultural traits for effective ERM: Accountability To be accountable in ERM means, the leader and employees alike have to understand…

How healthy is the ERM culture in your organization? was last modified: October 10th, 2014 by Fadi Al-khatib



Alan1

Are you as proficient as Alan’s risk manager?

Alan is one of the smart CEOs who have understood that proactive, risk-adjusted decision-making and effective management of capital is critical for success in business.  He is looking to counter risks, boost operational effectiveness, improve business processes and mitigate costs.   Jack is an efficient enterprise risk management software professional who emphasizes on developing ERM…

Are you as proficient as Alan’s risk manager? was last modified: October 10th, 2014 by Fadi Al-khatib



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Training and Education for Developing Risk Management Capabilities

Risk managers hold great responsibilities and take on a variety of important roles to contribute to the success of their companies. In most companies, risk management is deeply connected with strategic thinking, the mission and vision of the organization. However, there is an apparent gap between risk managers and employees regarding the primary roles and…

Training and Education for Developing Risk Management Capabilities was last modified: November 3rd, 2014 by Fadi Al-khatib



ERM Software Solutions

Looking to Measure the Effectiveness of your ERM? Read on

Organizations are becoming increasingly aware of the value of managing risks. And the regularity with which financial disasters seem to be hitting the markets, certainly has companies convinced that performing in business is not possible without taking risks. Enterprise Risk Management (ERM) helps an organization counter risks and other critical issues. ERM enables recognizing events…

Looking to Measure the Effectiveness of your ERM? Read on was last modified: November 3rd, 2014 by Fadi Al-khatib



Careweb Internal Audit solution

Why Risk Based Audit is Essential in ERM?

Risk based internal audit has become more and more desirable for businesses. Organizations need to figure out what really matters to them, what are the undesirable for their business and above all, what are the key risks that their organization can be subjected to as well as their impact. The main objective of internal auditing…

Why Risk Based Audit is Essential in ERM? was last modified: October 10th, 2014 by Fadi Al-khatib



Enterprise Risk Management Best Practices

Enterprise Risk Management Best Practices

Profound understanding of the various aspects of Enterprise Risk Management is crucial to anticipate, manage and mitigate risks around your business activities. It is essential to understand the best practices to enhance business performance and ensure success in ERM implementations. Track and monitor on a regular basis It is imperative for the leadership team or…

Enterprise Risk Management Best Practices was last modified: October 10th, 2014 by Fadi Al-khatib



Enterprise Risk Management and Crisis Management

Enterprise Risk Management and Crisis Management

The primary goal of Enterprise Risk Management is to boost operational effectiveness by improving business processes and mitigating potential losses. The major challenge lies in bringing diverse departments with varied requirements to communicate with each other and share information in a unified system. In addition to ERM, it is essential for companies to have an…

Enterprise Risk Management and Crisis Management was last modified: September 9th, 2014 by Fadi Al-khatib



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