Bear with me for a moment or two, and set aside the standards and frameworks that provide definitions of “risk” and “risk management”. Why? As Grant Purdy (the grandfather and, IMHO, the grandmaster of risk management) together with the late Roger Estall proclaimed in the highly-rated Deciding: A guide to even better decision making (2020), […]| Norman Marks on Governance, Risk Management, and Internal Audit
AI is helping people across the extended enterprise in many ways. It is bringing efficiency, improved insights, and the ability to enhance products and customer services. Every day I am hearing about new uses. But I still worry that it can bring serious harm if we are not careful. Practitioners need to know how it […]| Norman Marks on Governance, Risk Management, and Internal Audit
What makes an ideal risk officer? Here are my thoughts on the most significant attributes. I welcome your thoughts. Has a deep understanding of the business, including its: Business processes Produ…| Norman Marks on Governance, Risk Management, and Internal Audit
Proactively manage supply chain risks with a risk-based approach. Learn to build resilient, adaptable supply chains using the LogicManager Risk Wheel framework.| ERM Software
I recently discovered how some people are projecting that AI will transform the work of corporate counsel. Yes, there are several on how it will transform the work of the law firms, but I am concer…| Norman Marks on Governance, Risk Management, and Internal Audit
Do you ever feel like nobody knows what you're talking about? Could it be you're using standard risk terminology rather than words that fit the business?| Strategic Decision Solutions
A recent article by Carol Williams of Strategic Decision Solutions carried this title and had some wisdom to share. For example, she said: Enterprise risk assessment can be defined as: “the practic…| Norman Marks on Governance, Risk Management, and Internal Audit
What is governance, risk and compliance, and why is it important for organizational management? Learn about this integrated aspect of business operations.| Onspring
The difference is breadth: risk management is implementing an overall strategy, assessment categorizes threats, and analysis measures them.| I.S. Partners
