While heatmaps (or risk matrices) are still considered one of the most popular tools for risk assessment, plenty of research has brought to light their various methodological and psychological limitations; they may actually lead to worse decisions than doing no risk analysis at all. Alex Sidorenko outlines the alternatives. OK, the title is obviously a joke, because the alternatives (multiple) have been...

The purpose of risk management isn’t solely to avoid and mitigate risks – it’s a key part, yes, but most risk professionals overlook the also critical bit about improving business processes and decisions. Here are three common traps risk managers and consultants fall into.

4 Signs of a Strong ERM Program There’s always room for improvement, particularly when it comes to managing risk. But the concept of “risk management effectiveness” remains vague. Alex Sidorenko outlines four signs your organization’s risk management program is robust – and doing its job. By: Alex Sidorenko Lately, everyone – from the government agencies to regulators to corporate board members –...

Alex Sidorenko from RISK-ACADEMY shares his experience in running online and offline risk management business games to facilitate risk culture development. Running simple, yet highly interactive risk management games is the best way to teach risk management in the organization. It works equally well for students.

On their individual roads to success, large corporations have obviously gotten a lot of things right. Where many continue to struggle, however, is in managing risk effectively. Small and medium-sized organizations tend to hit the nail on the head in this department. Here’s some of what the big boys can learn from the little guys.

Fostering a culture of risk in your organization isn’t as hard as it seems, but Risk Managers may need to dispel with some misconceptions on how it’s done. International thought leader Alex Sidorenko offers guidance on how to integrate risk management into day-to-day operations and build a strong risk culture.