Risk Management Help on the Web

With the significant increase in competition, aggressive corporate goals and targets are becoming the norm.

To address this challenge, companies are increasingly strengthening their risk management practices to ensure that when (or if) initiatives "go off the rails", the situation is identified early and management actions are taken to address the situation.

This month I have developed a comprehensive list of Web sites that support the improvement of the various risk management processes. In addition, the "best practice" reports provide guidelines and numerous management "lessons learned" to help CIOs establish and strengthen their risk management practices.

RISK MANAGEMENT SUMMARY -- LEADING WEB SITES & REPORTS

A) Feature Report -- an IFAC 1999 Study of "Risk Management"

"Enhancing Shareholder Wealth by Better Managing Business Risk"

http://www.ifac.org/StandardsAnd Guidance/FMAC/Study9-enhancingShareholder/Study9.html

B) Four excellent Risk Management reports (from a 1999 Canadian Federal Government Study)

Summary Report -- Best Practices in Risk Management

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-ccpmn_e.html

Detail Reports -- Best Practices in Risk Management: Private and Public Sectors

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-pps_e.html

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-rcbp_e.html

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-riv_e.html

C) Feature Web Site -- "IFCI Risk Management" Web site