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What are some of the good characteristics of Key Risk Indicators? Relevant to the risk, predictive, easy to collate data and quantify. Staff turnover rate, number of customer complaints, number of processing errors are typical KRIs that all organisations should track. Does your organisation monitor KRIs? #successwithvictory #riskmanagement #appliedriskmanagement..

Risk Appetite Statement (RAS), represents the nature and scale of risk an organization is willing to pursue in achieving its strategic objectives. What are some of the benefits of having RAS? a) Strengthen governance and improve risk culture b) Set a threshold that will guide all business decisions and risk-taking activities c) Allow for good allocation of resources d) Ability to translate Risk Appetite into business decision Have you thought about what is the appropriate level of Risk for your Organisation? #appliedriskmanagement #successwithvictory..

The current Covid-19 pandemic outbreak has not just brought out the paramount importance of personnel safety and operational resiliency, but also COMPLIANCE which is one of the key words that may be overlooked.  Safe management measures requirements, travel advisory, personnel or public health requirements, the list goes on. Does the organisation have the right set-up to monitor the ever fluid requirements and ensure COMPLIANCE? Is the organisation FIRE FIGHTING to understand REGULATORY REQUIREMENTS, or whose RESPONSIBILITY is it? Resilient management needs to be an INTEGRATED effort:..