More risk mangement strategies

Published: January 14th, 2010

This week`s resource selections focuses on accountability frameworks, covering risk-based management and performance reporting. Several excellent pieces on risk management plus strategies in dealing with people’s biases round out this week’s resource blog.

 

– Dan Swanson

 

1. May 2009 – Global Perspective on Risk

Tone at the Top provides executive management, boards of directors, and audit committees with concise, leading-edge information on such issues as ethics, internal control, governance, and the changing role of internal auditing; and guidance relative to their roles in, and responsibilities for, the internal audit function. http://www.theiia.org/periodicals/newsletters/tone-at-the-top/

 

2. Seven Strategies for Disabling Dogmas or Biases

By taking time to identify dogmas (or biases) and dominant logic, companies can bust the behaviors that limit their views of opportunities. By understanding and confronting dogmas, a business can stimulate dialogue and analysis that is free from bias and constraints, and is more likely to generate truly innovative approaches to capturing new value. This is the second in a series of articles identifying dogmas and how to conquer them.

http://www.realinnovation.com/content/c090302a.asp

 

3. On risk and Black Swans

Scarce data is a well-recognised problem for the assessment of operational risk. In such circumstances, David Rowe argues, it is necessary to blend professional judgement with the available data. In doing so, however, it is crucial to counter some well-documented psychological biases in our subjective estimates of probability – and a healthy dose of humility is also advisable

http://www3.sungard.com/SunGardFinancial/menus/documents/risk_managers/200409%20operational%20risk%20and%20black%20swans.pdf

 

4. Top 10 Governance Priorities

Changing business and economic conditions provide an opportunity to reassess board priorities and re-focus the agenda.

http://www.kpmg.com/aci/docs/insights/Top10GoverancePrioritiesACI_UKquarterly.pdf

 

5. Preparing and Using Results-based Management and Accountability Frameworks

This Guide replaces the “Guide for the Development of Results-based Management and Accountability Frameworks” (August 2001). It is the result of lessons that the Centre of Excellence for Evaluation (CEE) has learned in working with departments to develop, review and approve Results-based Management and Accountability Frameworks (RMAFs).

http://www.tbs-sct.gc.ca/eval/pubs/RMAF-CGRR/guide/guide_e.asp

 

6. Performance Reporting – Good Practices Handbook

As part of the government's efforts to improve reporting to Parliament, the Performance Reporting: Good Practices Handbook has been developed to help public servants who prepare their department's departmental performance report (DPR).

http://www.tbs-sct.gc.ca/rma/dpr3/06-07/handbk-guide/gph-gbp_e.asp



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