Risk Management Process: Identifying Risks Risk Management is an inherent process within organizations operating across all industries and sectors for business sustainability in today’s competitive and complex environment. It is now one of the most important decision-making functions in an organization compared to the times when Risk Management was considered…

Is This The Greatest Risk? Imagine you are a senior executive responsible for a major initiative for your company. Your day is busy with crucial meetings and discussions about project plans, people issues, and fighting the fires that always seem to appear. Then you see an email from the corporate office. It’s an individual you…

The Top 6 Challenges Banks Face With Risk Management Risk is inevitable. Apart from managing existing risks, banking enterprises have to manage various emerging risks which are new to them. This poses a great challenge when it comes to the risk management process. …

Identification & Classification Of Risk Events During A Crisis Scenario The Hierarchy of Events describes the Four Levels of Incident Escalation comprising of Standard Incident, Routine Emergency, Major Incident and Crisis. An Incident is an occurrence arising out of, or in the course of, work that could or does result…

Industrialization can easily be considered the most important economic development in human history. Given its features of exponential leaps in productivity, industrialization is considered essential for economic growth and poverty reduction in the long run. After the Second World War, India chose an economic strategy of industrialization and the dominance…

According to The Chartered Institute of Building (CIOB) in the UK, the construction industry accounts for about 6% of the economic output of the UK and provides jobs for 2.3 Million People, about 7.1% of the UK Total Population. According to Invest India (National Investment Promotion and Facilitation Agency of…

Interview of Animesh Deshpande, IRMCert Level 2 Qualified, Management Consulting Analyst, Accenture — India How did you get your job? I started working post my MBA as a consultant in the Enterprise Risk team at one of the Big4 accounting firms. I was fortunate enough to work for leading clients…

RISK Simply put, risk refers to the likelihood of anything unpleasant occurring. Uncertainty regarding the impact of an activity on something that humans value, with a concentration on the undesirable result is referred to as risk. Every day, everyone is exposed to risk. …

Regulators have their own crime watch and from time to time suggest some red flags for identifying crime. One such example is the suggestive red flags for bribery given by the Foreign Corrupt Practices Act (FCPA) Foreign Corrupt Practices Act (FCPA) gives some bribery red flags A high-pressure culture –…