risk practitioners
May 27, 2019 Norman D. Marks, CPA, CRMA Business and Legal Issues, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management,
A risk practitioner can assist in a number of ways, including helping management use comparable methods and tools to assess both upside and downside potential consequences in a way that they can be compared.
Risk and opportunity management, risk assessment, risk management, risk practitioners, risk to objectives, risk workshop
May 6, 2019 Norman D. Marks, CPA, CRMA Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Finance and Accounting, IT, Privacy and Security, Leadership and Management,
We gamble all the time, but we don’t think of it that way. We think we are making decisions, not gambling – and often don’t see it as taking risk either.
gambling, risk assessment, risk practitioners, risk to objectives
October 11, 2017 Norman D. Marks, CPA, CRMA Backup and Disaster Planning, Budgeting and Auditing, Business and Legal Issues, Corporate Administration, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management, Sales, Marketing and Operations, Systems and Data Management
Leaving the word “risk” out of a risk discussion with an executive can prove to be a positive way forward when asking what can go right for a project rather than what might go wrong.
risk, risk discussion, risk management, risk practitioners, risk to objectives
September 6, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Sales, Marketing and Operations
I have written extensively about the disconnect between risk practitioners and executives when it comes to risk management.
achieving objectives, corporate objectives, enterprise objectives, language of the business, objectives, risk, risk management, risk practitioners, risk to objectives
June 28, 2017 Norman D. Marks, CPA, CRMA Accounting Systems and Controls, Finance and Accounting, Financial Compliance / Planning / Management
How do you make decisions in your personal life? How do you decide where to live, which car to buy, and where to go for lunch? For many of us, the last is the most difficult decision to make in a day! Consider your current situation and determine whether the decision is acceptable or not in the circumstances. Risk practitioners are often the voice of gloom in the decision-making process, pointing out what could go wrong. Balancing that with the positive outcomes can lead to effective decision-making.
decision-making, decisions, ERM, risk management, risk practitioners
April 19, 2017 Norman D. Marks, CPA, CRMA Business and Legal Issues, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management
But here is the key question. If the leaders of the organization are not persuaded that risk management is adding value by enabling success, and believe that there are better ways to invest scarce resources, why should we surprised that the risk management activity is under–funded?
managing risk, risk, risk management, risk management program, risk management strategy, risk practitioners
March 31, 2017 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Systems and Data Management
The word, a magic word with amazing power, is “why”. Let’s think of the power of this word when it comes to risk and risk management.
risk, risk management, risk practitioners
December 19, 2016 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Privacy Compliance and Management, Sales, Marketing and Operations, Systems and Data Management, Uncategorized
I have been saying for a while that one of the reasons for the disconnect between senior executives and risk practitioners is the latter’s language.
risk, risk management, risk management process, risk practitioners
December 15, 2016 Occasional Contributors Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, Leadership and Management
This last week, COSO published an Exposure Draft of its ERM Framework Update, freshly entitled Enterprise Risk Management – Aligning Risk with Strategy and Objectives. The COSO update is a significant moment for all risk practitioners. So I strongly recommend that everybody take the time to review and give careful consideration to the draft.
COSO, Enterprise Risk Management – Aligning Risk with Strategy and Objectives, ERM Framework Update, Exposure Draft, risk management, risk practitioners
November 18, 2016 Occasional Contributors Accounting Systems and Controls, Accounts payable and receivable, Business and Legal Issues, Corporate Administration, Corporate Governance, Finance and Accounting, Financial Compliance / Planning / Management, IT, Privacy and Security, Leadership and Management, Network, Systems and Data Security, Privacy Compliance and Management, Sales, Marketing and Operations, Systems and Data Management
How do you expect a CEO to believe risk management enables success when all the CRO gives him is a list of what could go wrong? He needs help to see what might happen, both good and bad, and what to do about it—in other words, risk management needs to be seen by the CEO as helping him or her get where he or she needs to go. Do you share my view? If so, how do we move both the practitioner and academic community?
effective management, managing risk, right risks, risk, risk management, risk practitioners, success of an organization
