All topics:

Risk Decisions

Assigning responsibility for managing risk, using Risk Management Clusters

Posted 27 April 2011 | 0 Comments

Introduction Most organisations aspire to practise effective Enterprise Risk Management (ERM), but very few are achieving it. Over the last decade, much effort has gone into implementing systems to comply with Sarbanes Oxley, COSO, Turnbull, Basel II, COBIT and other... Read More

Risk Decisions

What Risk Managers Need to Know to Establish an Enterprise Risk Structure

Posted 22 April 2011 | 0 Comments

“At companies that have a formal ERM program — by no means a majority – ERM is generally in a nascent stage. We believe that ERM eventually will not be a distinct discipline because it will become integrated with everyday... Read More

Risk Decisions

Five Steps to Enterprise Risk Management

Posted 22 April 2011 | 0 Comments

With the changing business environment brought on by events such as the global financial crisis, gone are the days of focussing only on operational and tactical risk management. Enterprise Risk Management (ERM), a framework for a business to assess its... Read More

Risk Decisions

Aligning projects and business objectives delivers value

Posted 22 April 2011 | 0 Comments

Organisations are taking up the challenge to improve risk management at all levels from project and operations to Enterprise Risk Management. The focus is to ensure that business objectives are met. However, there tends to be a gap in the... Read More

Risk Decisions

Making the Most of Predict! Risk Controller’s Excel Export capability

Posted 21 April 2011 | 0 Comments

Overview Predict! Risk Controller’s Excel Export capability allows you to export information about open or closed risks, actions, hierarchies and clusters to a Microsoft Excel spreadsheet. This gives you the option of using MS Excel’s familiar reporting and presentation methods... Read More

Risk Decisions’ Predict! software determines construction reserve for fixed Fehmarnbelt Link

Posted 03 February 2011 | 0 Comments

Press Release: 3 February 2011 Femern A/S, the Danish Government-owned company created to build the 11 mile fixed link between Denmark and Germany, used Risk Decisions’ risk management software, Predict!, to assess the impact of the different risks on the construction cost of the link;... Read More

Predict! schedule risk analysis SRA

Planning and risk management: recipe for success

Posted 27 April 2009 | 0 Comments

The disciplines of planning and risk management are closely linked. They provide the project manager with a blueprint of what should and shouldn’t happen. Since they are intrinsically linked, it’s worth looking at the disciplines working more closely together. This article... Read More

Risk Decisions

Monte Carlo Simulation

Posted 27 April 2009 | 0 Comments

Monte Carlo simulation uses repeated random sampling to calculate results about physical and mathematical systems. It uses uncertainty in its inputs to generate a range of possible outcomes, which are then reported as results with a degree of mathematical confidence.... Read More

Risk Decisions

How Do You Put a Value on Risk Management?

Posted 22 April 2009 | 0 Comments

Introduction Everyone agrees managing risk is a good thing, but it has traditionally been very hard to justify proactive expenditure on risk management activities. It is difficult to convince an organisation to expend valuable resources on mitigating the impact of... Read More

Predict! schedule risk analysis SRA

Criticality and Cruciality

Posted 21 April 2009 | 0 Comments

Criticality and cruciality are terms that might have been invented to make risk management more confusing. They’re right up there with quantitative and qualitative as an awkward couple! Monte Carlo simulation Monte Carlo simulation is based on the simple idea... Read More