Learn what is Risk Management and why it's important for businesses and individuals. Explore strategies to identify, assess, and mitigate risks.
A risk map is often presented as a two-dimensional matrix in the enterprise. For example, the likelihood of a risk occurring is plotted on the horizontal or x-axis, while the impact of the same risk is plotted on the vertical or y-axis. This risk matrix example shows natural disasters a...
DefinitionSource Programme Management [Risk is] An uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives; a risk is measured by a combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact...
Cybersecurity risk is the probability of exposure or loss resulting from a cyber attack or data breach on your organization. A better, more encompassing definition is the potential loss or harm related to technical infrastructure, use of technology or reputation of an organization. Organizations are...
Risk tolerance is subject to the same factors that determine risk appetite. However, the amount of risk tolerance an organization accepts can vary, depending on factors such as the nature of a project, its time frame and the experience level of the people involved. Risk tolerance can change ov...
What is the definition of liquidity risk?All firms seek access to lending to meet their short-term financial obligations, but also to carry out long-term strategic investments. Failure to acquire appropriate funding within a realistic timeframe could expose a firm to liquidity risk, thereby causing...
strategic and operational management, and systems thinking are critical for executive roles—but they are not skills known for sparking passion in employees. Put simply, it’s about unlearning management and relearning being human. Human-centric leadership is, as coauthor Hans-Werner Kaas puts it,...
The upside of strategic risk: How coach learned to know, not guess, what customers wantSlywotzky, Adrian
What is eSourcing? Simply put, eSourcing is a collection of digital tools that help streamline, simplify and improve strategic sourcing activities and Procurement processes performed by an organization’s Procurement team. eSourcing tools improve Procurement’s ability to generate value for the organiza...
In the US, CISA provides strategic direction across subsectors to enhance resilience and security in these types of locations, and the DHS is designated as the Risk Management Agency for the Commercial Facilities Sector. Communications Sector