Development of a risk-focussed business plan
Grant Purdy recently facilitated the stress testing of a draft strategic plan and the development of business plan actions for a major South American mining contractor.
Read moreGrant Purdy recently facilitated the stress testing of a draft strategic plan and the development of business plan actions for a major South American mining contractor.
Read moreDr Dale Cooper has just delivered an ERM training course in Doha, over the period 15-17 June 2014.
Read moreGrant Purdy has recently published an article that tackles the difficult topic of risk management integration. This was also the subject of a presentation at a conference in Toronto.
Read moreGrant Purdy delivered a one day training workshop as part of the 2014 Risk Management Leaders Forum.
Read moreA new edition of Broadleaf's book 'Project Risk Management Guidelines: Managing Risk with ISO 31000 and IEC 62198' has been published by Wiley.
Read moreGrant Purdy gave the keynote speech at the Stowarzyszenie Zarządzania Ryzykiem conference in Warsaw in May 2013. He spoke about creating value from effective risk management.
Read moreThe NZ Society for Risk Management published an article from Grant Purdy in its RiskPost in September 2011. Grant describes how have been using the term risk appetite for many years. It is used regularly in the media and all the major consultancy groups and many professional associations with an interest in risk management discuss the term and describe its interpretation and application. Now regulators are asking companies to prepare statements of their risk appetite as part of their governance processes. The concept of risk appetite seems deceptively simple: it is often described as how much risk we might wish to take to achieve a desired return. In practice, however, an organisation’s risk appetite can be exceedingly difficult to tie down or define. Although many authors discuss risk appetite, most of the current definitions are vague, ambiguous and contradictory, and the gap between theory and practice is often wide. Efforts to quantify risk appetite can sometimes produce an illusion of precision while, in practice, the resulting statements are of little practical use. Just to add to the confusion, the equally rubbery phrase 'risk tolerance' is also often used at the same time as risk appetite. The two terms are often used interchangeably and sometimes appear to have overlapping definitions.
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