Political Risk Atlas 2014

By Maplecroft Quote from their presentation: “A significant increase in conflict, terrorism and regime instability in MENA (Middle East and North Africa), along with intensifying political violence and resource nationalism in East Africa, are among the key factors driving a global rise in political risks for investors, according to the sixth annual Political Risk Atlas (PRA) by global risk analytics company Maplecroft. In addition, […]

The role of emotions in judging the moral acceptability of risks

by Prof.dr. Sabine Roeser This paper argues that we need emotions in order to make a rational decision as to the moral acceptability of technological risks. Empirical research has shown that people rely on emotions in making judgments concerning risks. However, this does not as yet answer the following normative question and the main question of this paper: do we need emotions in order to […]

The economic problem of organizational risk appetite

Door Arie de Wild In our current era of major global challenges and worldwide crises the human race is contin- uously searching for solutions to the fundamental economic problem of how to determine which aims should be pursued and how limited resources ought to be allocated. Economics as the science that studies “human behavior as a relationship between ends and […]

Climate Change 2013

The Physical Science Report By: IPCC, Intergovernmental Panel on Climate Change Press Release STOCKHOLM, 27 September – Human influence on the climate system is clear. This is evident in most regions of the globe, a new assessment by the Intergovernmental Panel on Climate Change (IPCC) concludes. It is extremely likely that human influence has been the dominant cause of the observed warming […]

PPP as innovation in the public domain

Report of UDITE/ PRIMO Europe Round Table, 25th April 2013, Office EY, Brussels, Belgium. Prologue Primo Europe thanks EY for their hospitality and a special word for Mr. Tristan Dhondt and Mr. Rob Ellermeijer. The round table was supported by Belfius and BNG and by our platinum partner Risk Management Partners (RMP). We very much appreciate their investment and well prepared […]

EIPA Seminar Risk Management & Internal Control

Key Items of Good Governance for Local Governments Rescheduled for April 2014 For PRIMO members: a reduce fee! Target group This seminar is designed for civil servants of local governments with an interest in two important items of good governance: risk management and internal control. Of course, other stakeholders involved in control systems, such as local politicians, are also invited to […]

Environmental Risk Management

By Harvard Business Review This report has been written derived from the responses of the HBR survey on this issue, this in cooperation with Zurich, FERMA and PRIMO. Notice that on the 26th of June a webinar will be held. Increasing attention to environmental risk Overwhelmingly, our survey responses tell us that European organizations—companies, largely, but also a sprinkling of […]

10 Ways to improve risk management

Door* Marinus de Pooter** With an awareness of common shortcomings, internal auditors can help their organization better meet stakeholder expectations and ensure business objectives are achieved. Why do risk management implementations and functions often fail to deliver what is expected? And what causes senior management to feel that its investments in risk management systems are not delivering the expected returns? Many factors, potentially, are to blame, stemming from various parts of […]

Managing the people side of risk

Companies can create a powerful risk culture without turning the organization upside down. By Alexis Krivkovich and Cindy Levy for McKinsey & Company Insights & Publications Most executives take managing risk quite seriously, the better to avoid the kinds of crises that can destroy value, ruin reputations, and even bring a company down. Especially in the wake of the global financial crisis, […]

Global Risk Management Survey 2013

Aon’s 2013 Global Risk Management Survey report is part of this process, capturing the latest risk trends and priorities facing companies around the world. The report unveiled the top 10 risks now and three years in the future. Conducted in Q4 2012, the web-based survey gathered input from 1,415 respondents — a 47 percent increase in respondents from the 2011 […]

ISO 31000

A framework in development By Ed Mallens and Jack P. Kruf The International Organization for Standardization (ISO) has worked on the ISO 31000 as referential framework for risk management in organizations. The setting has been outlined by ISO very clearly: “Risks affecting organizations can have consequences in terms of economic performance and professional reputation, as well as environmental, safety and […]

ISO 31000 and the Icelandic volcano crisis

By Kevin Knight The air traffic crisis provoked by the Icelandic volcano eruption, with its accompanying economic and societal effects, is analyzed through the lens of the ISO 31000 risk management standard by the leader of the group of ISO experts who developed it. The cloud of ash from the Icelandic volcano which has wreaked havoc on passengers and airports […]

PwC Global CEO Survey 2013

By PricewaterhouseCoopers Government and the global CEO: A new contract between business and the state 72% of government and public sector CEOs are somewhat or extremely concerned that fiscal deficits have risen. Each year, PwC’s Annual Global CEO survey gives business leaders, governments and the world’s business community a unique insight into the vision and decisions of the global CEO. As […]

New flood defences announced but is it enough?

 By Louise Gray, Environment Correspondent, for the Telegraph New flood defences will be built around the country, Owen Paterson, the Environment Secretary has announced, but concerns remain over whether enough money has been allocated to protect homes from the increasing risk of extreme weather. Mr Paterson gave the go ahead for building to start on 93 new flood defences this year, including […]

Meeting the Cyber Risk Challenge

By Marie Gemma Dequae and Jack P. Kruf We contributed to this relevant survey to get a better scope of and insight in what is actually going on within organizations regarding cyber related risks. We know from our members that cyber related risks seem to be under-estimated. The risks can hardly be quantified and measured. They seem a bit of […]

Managing Opportunities in Infrastructure Projects

“How to increase client value in the planning and realization phase” Author:  P.J. van der Wal BSc. This research focuses on opportunities and opportunity management in the planning and realization phase of infrastructure projects. Opportunities are uncertain situations that can be exploited by the project team in order to create added value for the client and opportunity management is the systematic identification, evaluation […]

When calls for deeper co-op on disasters

Premier also stresses importance of energy security at Laos summit Source: China Daily Premier Wen Jiabao on Tuesday called on Asian and European countries to deepen cooperation on emergency rescue services in major natural disasters. He made his plea as the United States scrambles to deal with the aftermath of devastating Hurricane Sandy. Read more >

Reducing Risk of Future Disasters

Source: Foresight Today, there are more people at risk from natural hazards than ever before, with those in developing countries particularly at risk. Whilst achieving the correct response to such disasters is critical, so too is forecasting events and planning to minimise their impact. The field of Disaster Risk Reduction (DRR) plays a critical role in this process, and this report […]

Big economies of the future most at risk from climate change

Source: Maplecroft A new global ranking, calculating the vulnerability of 170 countries to the impacts of climate change over the next 30 years, identifies some of the world’s largest and fastest-growing economies, including India, as facing the greatest risks to their populations, ecosystems and business environments.

Managing the business risks of open innovation

Focus on the factors that could redefine intellectual-property competition in your industry. Source: McKinsey Quarterly Authors: Oliver Alexy and Markus Reitzig Several years ago, something interesting happened in the infrastructure software sector: IBM and a number of other companies pledged some of their own patents to the public to create IP-free zones in parts of the value chain. They did so when […]

Disaster economics

Source: The New Yorker Author: James Surowiecki On February 1, 1953, a fierce, sustained storm created a huge surge in the North Sea off the coast of Holland. Floodwaters overtopped the dikes, swallowing half a million acres of land and killing nearly two thousand people. Within weeks of the storm, a government commission issued what came to be known as […]

intergrating knowledge for managing risk in infrastructure projects: The case of tunnel works

Author: Ibsen Chivatá Cárdenas Clearly, tunnel construction risks are the consequences of interactions between site- and project- specific factors. In the ground many features can affect and compromise the stability of a tunnel, for instance, by undesirable interactions between the excavation process and remains, unexpected features in the ground, buried works, and infrastructure on the surface. Overlooking those risk factors interactions can lead to undesirable […]

Learning to Love Volatility

In a world that constantly throws big, unexpected events our way, we must learn to benefit from disorder By Nassim Nicholas Taleb for The Wall Street Journal Several years before the financial crisis descended on us, I put forward the concept of “black swans”: large events that are both unexpected and highly consequential. We never see black swans coming, but […]

Adaptation to climate change: strategy and policy

Today The Dutch General Court of Audit (de Algemene Rekenkamer) published its report on climate change. It seems obvious that crucial connections between area’s of policy and countries are missing, long term insights remain unclear and that risks are increasing and emerging from there.This report is actually a call for creating connections. The conclusions (quote): Not all climate risks covered […]