News

  • Liability risk assessment for a major IT services contract

    Broadleaf recently completed a contract liability risk assessment for a major IT service delivery for a Commonwealth agency. This was to help the procurement team arrive at an appropriate limit or cap on commercial liabilities to be included in the contract. Setting an appropriate limit avoids the imposition of an unreasonably large cap (or even unlimited liability) on the supplier, an approach that leads to unnecessary increases in the contract price.

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  • Concessional loan risk assessment

    Broadleaf carried out a risk assessment of a concessional loan offered by the Commonwealth Government. The risk assessment examined the administration and financial performance of the loan. It confirmed the existing controls were well designed and reasonable in the circumstances as well as helping to establish priorities for assurance of the controls during the term of the loan.

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  • New book: World Class Risk Management

    Norman Marks, a well known writer and thinker on risk management has recently published a new book on World Class Risk Management. Grant Purdy was asked by Norman to review the book as it as written and also to provide a forward. Broadleaf is delighted to be associated with this book. Norman has used his considerable experience in business to explain risk and its management from first principles, to challenge some of the logically inconsistent, complex and self-serving concepts that currently bedevil the practice and the profession.

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  • From Bolt-on to Built-in

    Grant Purdy has worked for a number of years with the International Federation of Accountants (IFAC) helping them with guidance on risk management. Grant made a substantial contribution to the thought paper 'Bolt-on to Built-in' that has just been published by IFAC. The paper makes the point that risk management should never be implemented in isolation; it should always be fully integrated into the organization’s overall system of management. This system should include the organization’s processes for good governance, including those for strategy and planning and making decisions in general. The paper includes a useful model for integration.

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  • Cloud based services

    Following a presentation and discussion held on 29th April 2015 at the offices of DLA Piper, participants from the Victorian Public Service (VPS) were asked to comment on how the emergence of cloud based services has affected them. This note describes their responses.

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  • Is project management really rocket science?

    Despite its mysterious aura, rocket science is manageable. Given sufficient time and resources, a team of experts can engineer a rocket motor to meet a specified requirement or to establish that it is not feasible. Project management is not rocket science, but it can be just as complicated and it is frequently more complex, which is quite a different matter.

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  • Procuring cloud based services

    Stephen Grey will be speaking at a discussion on procuring cloud-based services hosted by Landell, DLA Piper, and Broadleaf.
    Date: Wednesday, 29 April 2015 Time: 8:45am-12:00 (lunch to be served after 12:00) Venue: DLA Piper, Level 21, 140 William Street, Melbourne, Vic 3000

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  • Enterprise risk management in World Vision

    World Vision International (WVI) is refreshing its approach to enterprise risk management, building on solid foundations in many parts of its business. Dr Dale Cooper facilitated an intensive two-day training workshop in Bangkok on 3-4 March 2015, tailored for WVI, to form the basis for an internal discussion on how WVI could enhance its practice of risk management.

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  • Practical support for effective risk management

    So often it seems, papers and articles about risk management are not written in plain language so that everyone can understand what is required and how they can improve their own approaches. However, Broadleaf has a different view. We try explain concepts from first principles, using simple language and then give proven, practical solutions based on our many years of experience. In addition to written materials our website now offers video presentations that cover the concept of risk, governance reporting under ASX Principle 7, project risk modelling and the debunking of many myths prevalent in risk management.

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  • RiskNZ Conference, Wellington, October 2014

    Grant Purdy recently delivered a key note speech at the RiskNZ Conference. He spoke on Hearing over the Cacophony and challenged the value of the ever-expanding multitude of artefacts, encumbrances, concocted expressions and three letter acronyms that obscure the core concepts for managing risk and clog up current risk management practice.

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