As if risks in general weren’t enough, the question is now about the quality of the risk assessment itself. Even more daunting, lists of ‘mistakes in risk assessment’ have been …
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Is risk assessment risky business?
Operational risk (OR) scenario analysis: if modeling processes & systems are difficult, try people
Operational risk scenario analysis may sound like a mouthful, but here’s what it’s all about. Firstly, operational risk is the risk to a business of loss from processes, systems …
Business process re-engineering: what’s old is new again
Many business philosophies rise and fall in popularity, and business process reengineering (BPR) is one of them. Publicized and promoted in the early 1990s, its fundamental …
Decision support software limitations & how to overcome them
Spending money on decision support software may not be the issue; even if getting value for money is typically a priority. Accepting that decision support software may not be …
Financial modeling & the speculator with deep pockets
In the financial modeling of global business, the perfect market is well-known paradigm. This is a market in which buyers and sellers have full information about the good or …
Business impact analysis for disaster recovery planning & beyond
Business impact analysis (BIA) is a stage in the disaster recovery planning process, in which organizations seek to prepare for business interruptions with a plan to surmount …
Business modeling: keeping up with a moving target
Tomorrow, today’s business model will be yesterday’s. Behind that self-evident observation lies an uncomfortable fact. The rate of change of such models has accelerated over …
Business modeling: the sandbox theory & cybernetics
In IT, the term ‘sandbox’ is used to denote a computing environment specifically designed for experimentation or test of a program, without the risk of malfunction then affecting …