LogicERM improves decision making by providing Enterprise Risk Management infrastructure to uncover, prioritize and manage the risks that create tomorrow's surprises. LogicERM also provides evidence of effective governance to meet stakeholders’ requirements.
Blog
Risk Management: Evolve or Step Aside
The business environment evolves, organizations evolve and people’s roles and contributions must evolve as well. Some risk managers have expressed frustration due to insufficient resources or support from senior management. Risk managers who have an active role in financial reporting...
Global Warming: What does it mean to your bottom line?
Al Gore received his Nobel Peace Prize on Monday and urged the United States and China to make the boldest moves on climate change or “stand accountable before history for their failure to act.” The cause and effect of global...
The Institute of Internal Auditors: A champion of ERM
At the recent Institute of Internal Auditors (IIA) event “2007 Risk and Control Conference Featuring Governance, Risk, and Compliance” one of four tracks was dedicated to Enterprise Risk Management (ERM). The role of internal audit has gained in stature as...
New Audit Standard For Financial Reporting
The approval by the PCAOB Board to the overhaul of the Sarbanes-Oxley legislation on May 23rd has profound significance for the credibility of Enterprise Risk Management as a discipline and its charter for action within organizations. For nearly a decade,...
Information Security and Enterprise Risk Management
Security of information is critical to all corporations and is one of the many areas of competency established with Enterprise Risk Management. The weakness of traditional risk management is the focus on historical precedence rather than forward looking investigative approach....
Amaranth Advisors revealed; The Emperor has no clothes
Amaranth Advisors lost roughly $5 billion in a week, and this is from a hedge fund that boasted of world-class risk-management systems. The result is a loss of 50% of the company’s asset base best summarized by this USAToday headline...
The Power of Expert Opinion: A Lesson in Risk Management
The book “Blink” by Malcolm Gladwell is a must read for risk managers. Chapter one opens with the description of the approach used by the J. Paul Getty Museum to perform due diligence on a famous statue?s authenticity prior to...
BP Oil Pipeline Leak: A Cry for Enterprise Risk Management
Whenever there is a disaster or event that causes losses, it is usually proven that someone or several employees in middle management or on the front lines had been forecasting the event years before but no action had been taken....
Risk Management: Problems with spreadsheets?
One of the key challenges within the risk, performance, compliance and business continuity areas of the corporation is the management of data in spreadsheets and other office files, often referred to as unstructured data. Spreadsheet control issues for accounting processes...
Risk Management: What is the role of BPM and Content Management technology?
In every emerging market the question of build versus buy arises. Enterprise Risk Management (ERM) is no different. Why a purpose-built application in this space? What is the role of enterprise content, workflow and process management technologies? What is the...
Risk Poll: How do you compare?
Below are four poll questions recently asked to Chief Risk Officers at organizations across North America. Take the survey yourself below and then compare your results by downloading their poll results along with a write-up explanation. Click here to download....
Success with BPM requires Enterprise Risk Management
If Business Process Management is the answer, what is the business question? Industry analyst studies have shown that most of the leading BPM vendor products achieve or exceed the ROI targeted. But are the resources on the business side factored...
Myth Buster: Risk Management fears and doubts
Risk managers frequently come to me in fear and doubt asking for advice on how to move forward with their Enterprise Risk Management programs. Here is a typical recent inquiry: "I am researching and reviewing for the best approach for...
NYSE CEO speaks out on IT risk, Part II with Opinion Poll
Based on the opinion poll within my last blog, interest was highest for the question: How to surface common knowledge security issues that management doesn't know about? You are in good company. At the SIA risk conference I had the...
Hot New Risk Management Trends & Opinion Poll Part I
At the SIA’s 2nd Annual Risk Management Conference for financial services firms held on June 27th in New York City, overall, the maturity of enterprise risk management in the past year has definitely moved up one notch. Uncertainty about how...
News and Events
Standard & Poor's Announces
Expansion of ERM to all Corporations
May 7, 2008
In the News
Move Your Program to the Next Level: RIMS Risk Maturity Model for ERM
LogicManager CEO, Instructor
October 29- 30 2008, Las Vegas, NV
Register