Pharmaceutical-technology.com – November 2011 Although pharmaceutical companies rely heavily on contractors, the industry is still new to the world of outsourcing. Risk management strategies across parts of the pharmaceutical supply...
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Introduction Most organisations aspire to practise effective Enterprise Risk Management (ERM), but very few are achieving it. Over the last decade, much effort has gone into implementing systems to comply...
"At companies that have a formal ERM program -- by no means a majority – ERM is generally in a nascent stage. We believe that ERM eventually will not be...
With the changing business environment brought on by events such as the global financial crisis, gone are the days of focusing only on operational and tactical risk management. Enterprise Risk...
Organisations are taking up the challenge to improve risk management at all levels from project and operations to Enterprise Risk Management. The focus is to ensure that business objectives are...
Overview Predict! Risk Controller’s Excel Export capability allows you to export information about open or closed risks, actions, hierarchies and clusters to a Microsoft Excel spreadsheet. This gives you the...
Press Release: 3 February 2011 Femern A/S, the Danish Government-owned company created to build the 11 mile fixed link between Denmark and Germany, used Risk Decisions’ risk management software, Predict!, to assess the impact...
The disciplines of planning and risk management are closely linked. They provide the project manager with a blueprint of what should and shouldn’t happen. Since they are intrinsically linked, it's...
Monte Carlo simulation uses repeated random sampling to calculate results about physical and mathematical systems. It uses uncertainty in its inputs to generate a range of possible outcomes, which are…
Introduction Everyone agrees managing risk is a good thing, but it has traditionally been very hard to justify proactive expenditure on risk management activities. It is difficult to convince an...
Criticality and cruciality are terms that might have been invented to make risk management more confusing. They're right up there with quantitative and qualitative as an awkward couple! Monte Carlo...
You would have thought that recent events in the financial markets would have shaken the business world out of its complacency, and injected a healthy dose of reality regarding the...
Introduction It was Winston Churchill that said: “Those that fail to learn from history are doomed to repeat it”. And whilst many organisations have successfully adopted this approach, there are...
