A series of articles by Imergo Limited about the theory and practice of modern and effective risk management and governance.
If you find yourself wandering the sun-drenched, winding streets of Funchal, Madeira, you might stumble upon a grand, weathered industrial building known as the Casa da Luz. Inside is the Museum of Electricity – a quirky sanctuary where a “dry” utility is transformed into a story of human progress and safety. It begs a fundamental […]
Why isn’t there a Museum of Risk? Read More »
A small shift with a big message A few years ago, I worked with a charity supporting people experiencing homelessness. In my first meeting with the finance director, I used the standard professional terms “service users” and “clients” to describe the individuals the charity served. He smiled and gently corrected me: “We call them guests.”
Mind your language: Building bridges, not barriers Read More »
Traditional risk management often overlooks crucial perspectives. Discover how a 360° approach, inspired by HR practices, revolutionises strategic risk management. This method gathers diverse viewpoints, empowers risk owners, and enhances organisational resilience. Learn its benefits, challenges, and why it’s essential for navigating today’s complex business landscape.
Unlocking strategic resilience: Why a 360° view of risk is essential Read More »
Artificial intelligence (AI) is revolutionising the public sector, offering innovative solutions while introducing complex risks. The UK Government’s AI Playbook provides a structured approach to AI risk management, emphasising governance, security, ethics, and human oversight. Strong AI governance frameworks, cybersecurity protocols, ethical considerations, and workforce adaptation strategies are essential for responsible AI deployment. Organisations must balance innovation with risk mitigation by ensuring transparency, fairness, and accountability in AI systems. This article explores key lessons from the AI Playbook, offering actionable insights for risk professionals across sectors.
Navigating the risk landscape of AI: Lessons from the UK Government AI Playbook Read More »
This article challenges the commonly held negative perception of risk, arguing that it is not inherently detrimental but rather a fundamental aspect of progress, innovation and personal growth. It explores the psychological and societal factors contributing to risk aversion, including the human desire for certainty and the influence of language and narratives. The article emphasises the importance of both risk literacy (understanding risk) and risk oracy (communicating about risk) in navigating uncertainty. It examines the role of expert advice (‘oracles’) while advocating for the development of individual risk assessment skills. The core argument promotes a balanced approach to risk management, shifting the focus from solely mitigating risk to strategically embracing calculated risks and maximising opportunities. The article highlights the benefits of fostering a culture that encourages experimentation, learns from failures and celebrates resilience. Ultimately, it encourages readers to reframe their relationship with risk, viewing it not as a threat but as a potential catalyst for positive change and a pathway to a more fulfilling future.
Rethinking Risk: Why it gets a bad rap (and how to embrace it) Read More »
This article explores the concept of risk aggregation, a powerful tool for businesses to identify, consolidate, and manage common risks across their operations. By aggregating risks, organisations can gain a clearer understanding of their overall exposure, develop more effective mitigation strategies, and allocate resources efficiently. The article outlines practical steps for implementing risk aggregation and discusses the importance of considering interconnected risks.
The power of risk aggregation. Read More »
This article explores the importance of a risk escalation process for any organisation. It outlines the steps involved in identifying, assessing, and managing risks, emphasising the benefits of early detection, clear responsibilities, and efficient resource allocation. It also discusses the de-escalation process and provides real-world examples to illustrate how effective risk management can enhance organisational success
Why every organisation needs a formal risk escalation process. Read More »
An introduction to key themes and concepts of risk management.
The Imergo A to Z of risk Read More »
A different way to think about risk management by considering some important – and sometimes overlooked – factors.
Responding to uncertainty Read More »
