RIMS ERM

Landmark Risk Management Study to be Updated

Last week, at RIMS ERM Conference 2011, we announced that LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update the landmark 2008 study that quantified a direct, positive relationship between the maturity of an organization’s risk management framework and its business performance.  Read the full press release…

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risk framework

Risk Monitoring: What Cantaloupe and Citigroup Have in Common

Two stories in the news recently that highlight failures in risk monitoring have caught my eye: one involving a listeria outbreak caused by tainted cantaloupe, and the other involving Citigroup losing $285 million for defrauding investors. In the cantaloupe story, the deadly, nationwide listeria outbreak was traced to a packing facility in Colorado operated by Jensen Farms, in which factors…

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vendor management

5 Steps for Better Risk Assessments

Risk managers are charged with ensuring transparency, alignment, and forward looking views throughout the organization.  The way this is achieved is through risk assessments. Successful enterprise risk assessments can be a powerful tool for board and management level strategic decision making by connecting business activities to goals and identifying the risks that threaten to derail…

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Risk management reporting

Takeaways from EGRC Magic Quadrant

Recently, Gartner released its 2011 Magic Quadrant for enterprise governance, risk, and compliance (eGRC) software.  While the report highlights the top vendors of eGRC, which includes LogicManager, it also identifies some revealing trends within the eGRC marketplace based on reliable consumer feedback.  The most notable trend recognized is the shift towards enterprise risk management (ERM) software by…

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High risk subjects

What the Board Should Know About IT Risk Management

Recently organizations have been faced with the increasing threat of cyber attacks, whether from external hackers such as lulzsec or from internal attacks such as wikileaks.  Your customers’ personally identifiable information, organization’s intellectual property, and confidential files are all vulnerable to attack. How prepared is your IT Risk Management? How vulnerable is your organization to a…

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Risk Assessment Templates

Using Risk Assessment Templates to Prioritize Business Measures

The number of business measures within organizations is typically growing. Measures are often added on a reaction basis to loss events that have already occurred. Wouldn’t it be valuable to be able to focus on forward-looking measures? In most organizations, these preventative, proactive measures are indistinguishable when grouped with reactive measures, because the metrics do not formally…

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realizing the inpact of unidentified risks and cybersecurity threats

Risk Managers: Why Spreadsheets are Failing You

While spreadsheets are still an excellent tool for data manipulation and one-dimensional analysis, they fall significantly short of delivering the capabilities a risk manager really needs to analyze trends and see the relationships the job entails. The limitations of spreadsheets versus ERM software are systemic and largely stem from the way they manage data, their inability to…

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