Risk Management Insights

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Risk and Reward, Risk in Motion, Decision Making, Risk Reporting, Video

Building Resilience by Creating a Happy Marriage Between Risk & Reward

How do you build and improve resilience in your organisation? In this recording, David Tattam talks about how understanding the dynamics and balancing the voices of risk and reward can help you achieve sustainable rewards.

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Risk and Reward, Risk Reporting, Risk Data, Intelligence, Dashboards

Spaceships, Prince Charles and reporting truer business performance


  • The accountability of an organisation for its performance is limited by a narrow focus on its financial performance.
  • Developments in risk management and accounting provide a practical solution for measuring true performance using a mix of reward, risk and risk appetite.
  • Measuring true performance requires the measurement of both risk and reward across each stakeholder.

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ERM, Risk and Reward, KRIs

Balancing the Voices of Reward and Risk

The financial services industry is under the microscope in Australia with the Royal Commission in full swing, and the recent APRA (Australian Prudential Regulatory Authority) report into the CBA (Commonwealth Bank of Australia).

Many sobering findings have been aired, but looking at this positively, the findings provide an excellent blueprint for the development of stronger risk management and business practices going forward. The APRA report is really a roadmap for any organisation wishing to raise its risk management to the next level.

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Risk Culture, Risk Management, Risk and Reward, Decision Making

Risk Management to Management? Is “Decision Support” the future?

Three key treasures of good risk management

The future of “Risk Management” would look brighter if we removed the word “Risk”. It is just “Management”. If “Risk” is “the effect of uncertainty on objectives”, Risk Management must be “managing the effect of uncertainty on objectives”. This is “Outcome Management”.  

Business Management involves making decisions aimed at achieving business objectives. Outcome management is therefore just management.

The future success of risk management relies on making it an integral part of management. This will only happen if risk management provides the right incentives. Humans and hence organisations run by humans, respond to incentives. Read related article: '10 keys to Risk Management Success'.

Psychologists have discovered that when a person is handed an unexpectedly hot cup of coffee, they typically drop the cup if they perceive it to be inexpensive but manage to hang on if they believe the cup is valuable.

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Risk Management, Performance Management, Risk and Reward

Opportunity risk management

Writing blogs in risk management is risky. It has a potential upside and a downside.  On the upside, the hope is that the blog adds to the development of risk management thinking and at the least promotes discussion on ideas that could lead to improvements in this great discipline. On the downside, it opens oneself up to criticism, usually relating to the view that we are overcomplicating things and/or not being technically correct. 

I for one, think the risk is worth taking as I believe the upside outweighs the downside and by and large positive and/or constructive feedback outweighs any negative and or destructive comments.

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