The Active Risk Blog


What does the future look like for the Risk Management Profession?  What skills will you need?   At our recent ARM Global Conference held in London, the Institute of Risk Management (IRM) gave us a 'sneak peek' at their ground-breaking research on the Future of Risk.  The full findings will be published later in the year, but what they had to say so far was very interesting, and set me thinking about our own research, and anecdotal evidence we see from our clients and the way that they are evolving the management of risk and the use of ARM within their organizations.   Most IRM members surveyed agreed that we are going to see more use of technology and more automation in the future, with Artificial Intelligence a major contributing factor to the way that organizations operate.   From Compliance to Collaborative    As more of the ...  



Collaborative technology to underpin enterprise-wide risk management   As risk professionals our aim in life is to get as many people as possible thinking about risk and how it impacts the business, every day. Engaging business users and risk owners may have been a challenge in the past, but with the latest collaborative tools that enable new, more efficient ways of working, it’s becoming much easier.   We are developing a series of tools and apps that will enable business users to collect risk information during the normal course of their day.  Information that will automatically populate ARM, meaning that pulling together paper reports and forms, ad hoc emails, random notes, white board scribblings and photos on people’s personal phones will be a thing of the past.   For example, with our new Mobile Incident Capture SNAPPit app, which any ARM user will be able to ...  



Risk Tracking with ARM   ARM provides a myriad of ways to track the progress of your risk management processes and for maintaining data quality.  In fact, there’s so much stuff in the product that we’ve put together some training videos, that give an overview of a discrete part of the product, and that then dives deeper into the detail.  The videos are available to all ARM users in the Customer Portal.   Simply go to the How To section of the customer portal, and you will have access to the Enabler Series of videos, RPM templates and other training videos.  Video topics include:   Risk escalation Summary detail records Convert record type Data history search Desktop views Inherent risk Risk treatment Quantitative assessment Multiple impact linking Multi currency Linking risks to audits Control evaluations Linking risks to incidents Linked documents Move & copy records Risk reviews Building public & private filters Bulk data update Portfolio views Knowledge base Creating a quick report in RPM Moving business ...  



Risk Tracking with ARM   ARM provides a myriad of ways to track the progress of your risk management processes and for maintaining data quality.  In fact, there’s so much stuff in the product that we've put together some training videos, that give an overview of a discrete part of the product, and that then dives deeper into the detail. The videos are available to all ARM users in the Customer Portal.   In the video Risk Tracking with ARM we take you through all the common tools within ARM for tracking progress and ensuring data quality. The video looks at risk management status, quality of data, how to meet reporting cycles, matching your program and activity schedules, reminders on the desktop and email alerts.   Data quality is imperative when communicating risk information. ARM provides several tools to help you to monitor and improve data ...  



Without doubt, the single biggest factor when it comes to successful Enterprise Risk Management (ERM) is executive support. The concept of ERM is set by the tone at the top by executives who believe in and support a corporate culture that raises awareness about key risks and how to handle them through the organization. Getting top management buy-in is crucial, which is why we have put together a white paper full of ideas for communicating the value of risk management across the business.   Increasingly we are seeing that in the most successful organizations, risk management isn’t just about avoiding risks, it’s about understanding the key risks, taking the right risks at the best time with the most appropriate precautions – in short, a proactive approach to risk management that includes opportunity management.   Achieving this panacea where opportunities as well as risks are ...