Risk Management Help on the Web

With the significant increase in competition, aggressive corporate goals and targets are becoming the norm.

To address this challenge, companies are increasingly strengthening their risk management practices to ensure that when (or if) initiatives “go off the rails”, the situation is identified early and management actions are taken to address the situation.

This month I have developed a comprehensive list of Web sites that support the improvement of the various risk management processes. In addition, the “best practice” reports provide guidelines and numerous management “lessons learned” to help CIOs establish and strengthen their risk management practices.

RISK MANAGEMENT SUMMARY — LEADING WEB SITES & REPORTS

A) Feature Report — an IFAC 1999 Study of “Risk Management”

“Enhancing Shareholder Wealth by Better Managing Business Risk”

http://www.ifac.org/StandardsAnd Guidance/FMAC/Study9-enhancingShareholder/Study9.html

B) Four excellent Risk Management reports (from a 1999 Canadian Federal Government Study)

Summary Report — Best Practices in Risk Management

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-ccpmn_e.html

Detail Reports — Best Practices in Risk Management: Private and Public Sectors

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-pps_e.html

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-rcbp_e.html

http://www.tbs-sct.gc.ca/pubs_pol/dcgpubs/RiskManagement/rm-riv_e.html

C) Feature Web Site — “IFCI Risk Management” Web site

International Finance & Commodities Institute (IFCI)

http://risk.ifci.ch/about.htm

http://risk.ifci.ch/SiteMap.htm

http://risk.ifci.ch/Index.htm

13 Questions on Risk Management (for the Board of Directors and Senior Management)

http://risk.ifci.ch/ThirteenQuestions.htm

D) Other Web Site Documents on Risk Management and Risk Assessment

1) Information Security Management — Learning from Leading Organizations

http://www.gao.gov/special.pubs/pdf_sing.pdf

2) Information Security Risk Assessment — Practices of Leading Organizations

http://www.gao.gov./special.pubs/ai00033.pdf

3) Software Risk Evaluation Method — Version 1.0

http://www.sei.cmu.edu/pub/documents/94.reports/pdf/tr19.94.pdf

E) Web Information On Leading Risk Management Books

1) Risk Management For Executives — A Practical Handbook

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=4744

2) Operational Risk and Financial Institutions

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=10105

3) Portfolio and Risk Management — Magellan On-Line Learning CD-ROM

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=11063

4) Corporate Risk: Strategies & Management

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=11322

5) Protecting Shareholder Value — A Guide To Managing Financial Market Risk

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=1359

6) Risk Management in Banking

http://www.global-investor.com/cgi-bin/www.global-investor.com/euler.pl?id=s16818&action=display&ref=9709

F) Leading Risk Management Web Sites

1) The Risk and Insurance Management Society, Inc. (RIMS)

http://www.rims.org/

2) The Risk Institute — Risk Management Resource Center (RMRC)

http://www.riskinstitute.org/

3) International Finance & Commodities Institute (IFCI)

http://risk.ifci.ch

4) Software Engineering Institute (SEI) — Software Acquisition Management Improvement

http://www.sei.cmu.edu/arm/

http://www.sei.cmu.edu/programs/sepm/risk/

http://www.sei.cmu.edu/programs/sepm/risk/risk.products.html

5) Mc2 Management Consulting (Risk Management and Risk Assessment)

http://www.mc2consulting.com/riskpage.htm

http://www.mc2consulting.com/riskart8.htm

Dan Swanson is a management consultant with LGS Group in Winnipeg. He specializes in audit and management consulting and can be reached at dswanson@lgs.ca

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now