My view of the role of the risk profession differs to those who designed and promote the Three Lines of Defence (3LOD) model (at least how it has been interpreted by some). As with my musings on whether there should be separate risk and audit committees for Boards, (see Blog, 22/11/09 “Should Audit and Risk
I have said more than once that the IT industry has much to be blamed for in terms of poor project delivery. I wrote a discussion paper on Project Risk Management where I lead off with “Why could we land a man on the moon in 1969 yet in 2013 we struggle to get a moderate
Risk taking is not just essential it is unavoidable. The other evening, I was waiting at a busy intersection with complicated turning options for vehicles. I saw a green light, took two steps, realised something was wrong and hightailed it back to the curb. Yes, it was the green light for the cars and my
Last month, I provided some tips regarding improving engagement with your risk program through developing your personal skills and building a team of Risk Champions to support you. This month I want to dig a little deeper to expose a key driver to great engagement and that is experiential learning. Because of many people’s poor
They have a saying in the insurance industry: “A lucky underwriter beats a good underwriter any day of the week”. Well, we have it confirmed once again that Australia is the Lucky Country. This time the evidence is provided by APRA in their submission to the Financial System Enquiry on 31 March 2014. In the