Km World09 Risk Management
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share

Km World09 Risk Management

  • 3,067 views
Uploaded on

Nov. 2009 presentation to KMWorld San Jose conference on how an understanding of risk management can benefit KM leaders

Nov. 2009 presentation to KMWorld San Jose conference on how an understanding of risk management can benefit KM leaders

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
3,067
On Slideshare
3,063
From Embeds
4
Number of Embeds
1

Actions

Shares
Downloads
87
Comments
0
Likes
4

Embeds 4

http://www.slideshare.net 4

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. risk management 101measuring, managing & monitoring risk:a km approachkmworld09
    dave.pollard@gmail.com
  • 2. why should km care about risk?
    “The purpose of knowledge management is to provide support throughout the organization for improved:
    decision making [strategies, risk management and resource allocation],
    [conversation, collaboration] and innovation
    “This is achieved through the [enablement] of human intuition and experience…”
    :: definition of Dave Snowden [and Dave Pollard]
  • 3. the purposes of risk management
    (stuff that keeps
    executives
    awake at night)
    (= ‘problems’ management
    is prepared to invest in)
  • 4. internal risks
    FRAUD
    REPUTATION CRISIS
    LITIGATION
    GOVERNANCE FAILURE
    SUPPLY COST/INTERRUPTION
    COMPLIANCE FAILURE
    Severity ($)
    MARKET SHIFTS
    SECURITY FAILURE
    DEBT COST/AVAILABILITY
    SYSTEM FAILURE
    COMPETITIVE THREATS
    LABOUR DISRUPTION
    INSURANCE COST/AVAILABILITY
    Likelihood (%)
  • 5. external risks
  • 6. the coso model
  • 7. understand the risk environment
  • 8. set risk management objectives
  • 9. identify possible risk events
  • 10. assess risk likelihoods and consequences
  • 11. decide on risk responses
  • 12. AVOID
    SHARE
    risk response strategies
    ADAPT
    Consequence ($)
    REDUCE
    ACCEPT
    Likelihood (%)
  • 13. institute controls & other responses; communicate & monitor
  • 14. risk and complexity: challenges
  • 15.
  • 16. risk management action plan for knowledge management leaders
  • 17. further learning: resources
    the coso model: exec summary:
    http://www.coso.org/Publications/ERM/COSO_ERM_ExecutiveSummary.pdf
    the coso model: full publication ($75):
    http://www.coso.org/guidance.htm
    davos: external risks:
    http://www.weforum.org/en/initiatives/globalrisk/Reports/index.htm
    new challenges in rm & sustainability:
    http://www.accountingforsustainability.org/files/pdf/CICA%20-%20A%20Holistic%20Approach%20Report.pdf
    dave.pollard@gmail.com