Changing the Motivation for Managing Risk and Assurance

Today I have the privilege of speaking at the 2017 WeDo User Group meeting in Lisbon. Last year’s presentation was about the impossibility of realizing the ‘design’ of risk management when we lack the tools and materials to implement it in practice. Clever people write risk standards but these standards are irrelevant if we do not have the data, mathematical skills, or processing power to perform objective evaluations or maintain sufficient monitoring to address a great multitude of risks. So how will we get the resources we need? We need more investment, obviously. But how do we persuade executives – and their ultimate bosses, the shareholders – that it is worth investing more money in risk management and business assurance? That is not such an easy question. Nevertheless, I will attempt to provide an answer by drawing on three sources:

  • How Steve Jobs approached innovation
  • What Nobel prizewinner Daniel Kahneman has learned about the way people think
  • Recent share price movements and business news headlines

The slides for my talk are below.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.