We have been advising large businesses and government entities on enterprise risk management (ERM) for many years. Managers often ask us to justify why they should invest in ERM and how they can demonstrate its value in measurable terms. This guidance note distils some of the empirical evidence on the benefits an organisation should expect from an effective ERM framework and process.
Read moreThis case describes Broadleaf’s assistance to an international oil company in assessing the opportunities and threats associated with the acquisition of a significant stake in a business in a developing country. The purpose was to contribute to the company’s due diligence, submissions and approvals process. There was a specific objective of generating input for an imminent meeting of the Executive Committee.
Read moreBroadleaf is developing a series of tutorials on aspects of controls, control design and control assurance. The first three are published this month. The fourth and fifth are in preparation; we hope to make them available in early 2019.
Read moreThis case describes how options were developed for addressing the root causes of nonconforming imported products and materials. It is an extension of an earlier case study that described the associated root cause analysis. The case highlights the uses of bow tie analysis, and the value of preparation and stakeholder engagement.
Read moreWhen organisations develop new processes or procedures or revise existing ones, there is great value in stress-testing the proposed new arrangements to ensure they will work as intended, and will not generate unintended adverse consequences. Procedural HAZOPs provide one way of doing this. Our new technical note outlines the process we use for procedural HAZOPs and the guidewords we recommend for such studies.
Read moreWe conducted a risk assessment for an extension to the runway of an international airport. Features of the assessment were the involvement of key stakeholders in the process, including important funding agencies, and sufficient time for probing discussions. With the help of effective facilitation, this gave the stakeholders confidence that nothing important had been overlooked.
Read moreThe Melbourne Business Agility Meetup explored Wardley Maps, where they might be useful and the challenges associated with putting them into practice.
Read moreThis case describes a business risk analysis and planning exercise for a ship chartering company (CharterCo) and its in-house IT team to consider the Cargo Plus Project. It describes a relatively simple process that clarified everyone’s understanding of the project and its objectives, identified key risks, and helped the project team set priorities for the next phases of the work.
Read moreDr Dale Cooper was invited to make a presentation on *Big risks in the tertiary sector* at the Unimutual annual conference in Sydney on 5-7 September. Unimutual is a mutual insurer, established in 1989 to provide protections unavailable from commercial insurance at the time for members affiliated with tertiary education. The presentation discusses what 'big risks' are, and scenario-based approaches for identifying them.
Read moreBroadleaf conducted a review of the implementation program for payroll systems in a group of six related service-delivery networks. Simple Excel structures were used to model the schedule and the uncertainty associated with it. The outcomes provided a structure for activity and manpower planning, as well as a basis for liaison and coordination between the implementation company and the networks.
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