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Risk Commentary
Edward Robertson
20 episodes
9 months ago
New website: RiskCommentary.ca We see a contradiction: increased need for Enterprise Risk Management, while risk managers report low perceived value of their processes. High Quality Risk Assessment addresses uncertainty and helps solve chronic business problems. Join Edward Robertson, successful ERM practitioner, to discover a simple process that delivers clear value.
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Management
Business
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All content for Risk Commentary is the property of Edward Robertson and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
New website: RiskCommentary.ca We see a contradiction: increased need for Enterprise Risk Management, while risk managers report low perceived value of their processes. High Quality Risk Assessment addresses uncertainty and helps solve chronic business problems. Join Edward Robertson, successful ERM practitioner, to discover a simple process that delivers clear value.
Show more...
Management
Business
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How to Establish Context
Risk Commentary
16 minutes
4 years ago
How to Establish Context

New website = RiskCommentary.ca
Context for risk assessment could mean projects, contracts, administrative workflows, technical processes, etc.

Summary of the series to date. 
High Quality Risk Assessment. 
Establish the Context. 
Context Paper - The purpose is twofold: 
- to create a highly useful aid to facilitation; and 
- to create a testament to due diligence. 
Trap of trying to identify risk in business settings where goals are poorly formulated. 
What if we don't have hierarchical “goals” and “objectives”? 

Examples of Special Contexts
a. budgets
b. formal projects (project management)
c. contracts
d. workflows: administrative procedures or technical processes
e. performance management regimes
f.  specialized disciplines

Alternative contexts must still somehow express goals or intended actions that are clear.
Summary

KEY QUOTE
“The ERM champion must scrutinize the planning and even coach managers to adopt a complete planning practice... As a consequence, the risk information ultimately developed will make clear sense.” (Robertson, p.31)

LINKS
 Do you need a risk matrix (risk register) or other templates for risk assessment? Enterprise Risk Management Tools and Templates 
E. Robertson Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation (2016). The discussion on Establish Context begins in Chapter 2.2.

Risk Commentary
New website: RiskCommentary.ca We see a contradiction: increased need for Enterprise Risk Management, while risk managers report low perceived value of their processes. High Quality Risk Assessment addresses uncertainty and helps solve chronic business problems. Join Edward Robertson, successful ERM practitioner, to discover a simple process that delivers clear value.