+ risk management 101 measuring, managing & monitoring risk: a km approach kmworld09...
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Transcript of + risk management 101 measuring, managing & monitoring risk: a km approach kmworld09...
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risk management 101measuring, managing & monitoring risk:a km approach
kmworld09
+why should km care about risk?
“The purpose of knowledge management is to provide support throughout the organization for improved: decision making [strategies, risk management and resource
allocation], [conversation, collaboration] and innovation
“This is achieved through the [enablement] of human intuition and experience…”
:: definition of Dave Snowden [and Dave Pollard]
+the purposes of risk management
(stuff that keepsexecutivesawake at night)
(= ‘problems’ managementis prepared to invest in)
+internal risks
FRAUD
LITIGATION
COMPLIANCE FAILURE
GOVERNANCE FAILURE
SECURITY FAILURE
SYSTEM FAILURE
REPUTATION CRISIS
SUPPLY COST/INTERRUPTION
LABOUR DISRUPTION
DEBT COST/AVAILABILITY
COMPETITIVE THREATS
MARKET SHIFTS
INSURANCE COST/AVAILABILITY
Severi
ty (
$)
Likelihood (%)
+external risks
+the coso model
+understand the risk environment
+set risk management objectives
+identify possible risk events
+assess risk likelihoods and consequences
+decide on risk responses
+risk response strategies
Conse
quence
($
)
Likelihood (%)
AVOID
REDUCE
SHARE
ACCEPT
ADAPT
+institute controls & other responses; communicate & monitor
+risk and complexity: challenges
+
+risk management action plan for knowledge management leaders
+ further learning: resources
the coso model: exec summary: http://www.coso.org/Publications/ERM/COSO_ERM_ExecutiveSummary.pdf
the coso model: full publication ($75): http://www.coso.org/guidance.htm
davos: external risks: http://www.weforum.org/en/initiatives/globalrisk/Reports/index.htm
new challenges in rm & sustainability: http://www.accountingforsustainability.org/files/pdf/CICA%20-%20A%20Holistic%20Approach%20Report.pdf
http://www.accountingforsustainability.org/files/pdf/CICA%20-%20A%20Holistic%20Approach%20Report.pdf
