This post first appeared on Risk Management Magazine. Read the original article. Before COVID-19, few organizations would have considered prioritizing the remote risk of a pandemic over more common events. However, as the past year has demonstrated, dismissing such scenarios entirely is no longer a viable strategy. The COVID-19 pandemic has been called a “low-probability, (more…)
Managing Workplace COVID-19 Vaccine Policies
This post first appeared on Risk Management Magazine. Read the original article. As COVID-19 vaccines become more available and companies return to the office, employers may want to protect their workforce by mandating vaccinations. However, it is essential that they keep in mind certain risks and how to mitigate them, including the legal limits of (more…)
The Policy Implications of a Biden Presidency
This post first appeared on Risk Management Magazine. Read the original article. With Joseph R. Biden’s election as the 46th president of the United States and the close run-off Senate election in Georgia, the Democratic party now controls both the executive and legislative branches for the first time in a decade. Many in the risk (more…)
Lessons for Business Resilience Planning
This post first appeared on Risk Management Magazine. Read the original article. The COVID-19 pandemic has exposed glaring deficiencies in business continuity and crisis management plans at organizations across all industries. While executives and management are focusing most of their efforts on responding to the day-to-day upheaval caused by the virus, companies must prepare now (more…)
When Job Functions Are Not Cybersecure
This post first appeared on Risk Management Magazine. Read the original article. In today’s connected, cloud-based computing environment, you often hear that security is part of everyone’s job. Unfortunately, not all parts of all jobs can be entirely secure—particularly when operational policy and security solutions are directly at odds. In these circumstances, companies have to (more…)
On Data Privacy Day, Catch Up on These Critical Risk Management and Data Security Issues
This post first appeared on Risk Management Monitor. Read the original article. Happy Data Privacy Day! Whether it is cyberrisk, regulatory risk or reputation risk, data privacy is increasingly intertwined with some of the most critical challenges risk professionals face every day, and ensuring security and compliance of data assets is a make or break (more…)
Supply Chain Stability and COVID-19 Vaccine Delivery
This post first appeared on Risk Management Monitor. Read the original article. As COVID-19 vaccines are rolled out around the world, effective risk management coupled with predictive analytics can help ensure supply chain stability to quickly and safely deliver them. Pharmaceutical companies and stakeholders around the world are scaling their vaccine roll-out, and concerns are (more…)
3 Critical Risk Management Investments in 2021
This post first appeared on Risk Management Magazine. Read the original article. Many companies are increasing risk budgets in response to COVID-19’s wide-scale disruptions in 2020. Unfortunately, many widely used risk management practices such as point-in-time assessments and one-time health reviews were ineffective as the situation and risks continued to change and cascade. Is doing (more…)
Is It Time for “Back to the Future” to Improve Agency Management Practices?
This post first appeared on IBM Business of Government. Read the original article. Wednesday, January 27, 2021 John Kamensky What does "quality management" in government look like? It was a top initiative in the 1980s and 1990s. Does it matter today? Columnist Fareed Zakaria, in a new book on lessons from the pandemic, observes that (more…)
ERM for Small to Mid-Sized Companies
This post first appeared on Risk Management Magazine. Read the original article. The two primary benefits of enterprise risk management (ERM) are reducing financial and operational surprises and improving performance to increase probability of achieving strategic objectives. Any size organization would profit from these benefits, but many small to medium-sized companies typically do not have (more…)