Martin Pergler shares an article on risk management that was recently published in StrategicRiskEurope.com. Why timing is everything when it comes to effective risk management In the second of our new #ChangingRisk ThinkTank series, Martin Pergler explains why timing is so important when applying risk insights to strategic decision-making. There is much discussion over how institutions should do risk management. In addition to who should be doing it, what is it (risk management… even risk itself) and why it is…

Martin Pergler taps into Wordle to illustrate how to apply risk management thinking. Friday’s Wordle (WATCH) provided a great example of applying risk management thinking, alongside strategy and adaptive decision-making. Helping institutions navigate the interplay of these topics is my bread and butter, so I enjoyed seeing it play out so clearly in a game. Of course every Wordler’s path varies, but is seems many of us got most of the end of the word reasonably quickly, but with perilously…

  Martin Pergler shares an article that explores risk appetite and how to address it as we move into phase two of COVID-19.  Act I of COVID response has been about broad societal measures to stop the pandemic from overwhelming the health system, e.g. physical distancing, pausing the economy, cutting travel; all to slow exponential spread. While Act I isn’t over, it’s increasingly clear a long Act II, balancing reopening and personal freedoms with stubbornly continuing COVID risk, will follow….

  Martin Pergler summarizes the assessment of comparative risk levels from two recent press articles and compares them to simple-minded risk assessments to identify the value of the information.  As we gingerly try to “unfreeze” economic and social activity after this first wave of COVID, there’s a lot of prognostication what formerly normal activities are more or less risky. Two recent U.S. press articles thoughtfully assess comparative risk levels, but also fall into several pretty typical risk assessment traps. What…

  Davide Gronchi provides a pragmatic approach to risk mitigation and shares a method he uses that was invented by the US military in the late 1940s: FMEA (Failure Mode and Effects Analysis) to assess risk under three lenses.  Whilst in the middle of a heavy and unexpected crisis, company leaders are requested to keep looking far ahead and shape the future of their company by (re-)designing the strategy and how to implement it. Current times are full of worries…