The Failure of Risk Management

The results of a recent survey by North Carolina State University and the American Institute of Certified Public Accountants reminded me of the slow progress being made by organizations in implementing risk management.  Titled “The State of Risk Oversight”, in this video I share a few of the findings from the survey and some thoughts for success.

 

Summary . . .

  • Most organizations see risks increasing, yet less than a quarter have mature programs, with even fewer considering them as providing value.   

  • Managing risk is too focused on the downside.  Busy executives operate in a competitive environment and want to find the upside.
  • There is a better way to engage management teams in a series of conversations that lead to making better-informed decisions in support of achieving the organizations objectives.

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