Practices for Risk Management Maturity Improvement
The article explores strategies for enhancing organisational risk management maturity. It highlights key drivers such as organisational learning, leadership accountability, and robust frameworks, while outlining steps to improve maturity and overcome challenges, ultimately fostering resilience in volatile environments.
Mapping the Future: How Risk Professionals Use Forecasting and Backcasting to Shape Organisational Strategy
Forecasting and backcasting are essential scenario analysis tools for risk professionals. Forecasting projects future risks from current trends, while backcasting starts with a desired future and maps steps to achieve it. Integrating both methods enhances strategic planning, resilience, and proactive risk management in uncertain, complex environments.
The Human Factor: Unravelling the Complexities of Behavioural Risk in Decision-Making
Behavioural risk management is crucial for organisational success. Human factors like cognitive biases and emotions significantly impact decision-making. Tools such as risk identification methods, analytics software, and training programmes help manage behavioural risks. Best practices include clear policies, employee involvement, and continuous improvement. Leadership plays a vital role in fostering a risk-aware culture.
Dynamic Risk Assessment
The power of four. An evolution in risk assessment that applies sophisticated algorithms and advanced data analytics together in a KPMG proprietary methodology to identify, connect and visualise risk in four dimensions.
The Pulse of Change: Why Regulatory Complexity is the New Strategic Battleground
Regulatory complexity is intensifying due to rapid technological, environmental, and societal changes. Risk professionals must leverage RegTech—especially AI and blockchain—to streamline compliance, enhance resilience, and create strategic value. Success requires integrating technology, fostering compliance culture, and proactive engagement with evolving regulations and stakeholders to maintain competitive advantage.
Resilience is Not Optional: Why Talent Retention Risk is the New Battleground for Strategic Leaders
The article explores talent retention risk within VUCA and BANI environments, highlighting how volatility, anxiety, and non-linearity amplify employee attrition threats. It provides risk professionals with advanced frameworks, analytics, and strategies to integrate retention risk into enterprise risk management, ensuring organisational resilience and sustainable human capital in turbulent times.
The benefits of agile risk management in IT projects delivered through agile methodology
Digital transformation and external digital disruption require South African financial services to deliver large IT software projects. Banks adopted new ways of working such as using an agile methodology to ensure IT Projects are delivered faster-to-market and early client involvement. The challenge is that risk management functions are not mandatorily involved before and during the execution of IT projects by the Scrum teams who deliver these IT projects, which means that other sources of risk and opportunity risks may not be identified early.
Agile Risk Mitigation Framework
Software organisations follow different methodologies for the development of software. The software development methodologies are mainly divided into two categories, including plan-driven and agile development. To attain project success, it is very significant to consider risk management during whole project. Agile development is considered risk-driven, but many risks are unreported at the industrial level.
Cybersecurity Risk Management in Agile development: Protecting Data and System
The rapid evolution of technology and the increasing complexity of systems have made cybersecurity a critical concern for organizations, particularly in the context of Agile development. Agile methodologies prioritize flexibility, collaboration, and iterative progress, which can inadvertently introduce unique cybersecurity risks. This paper explores the integration of cybersecurity risk management practices within Agile development frameworks, emphasizing the need for organizations to proactively address vulnerabilities while maintaining the agility of their development processes.