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Pete Gervasoni - The Importance of Enterprise Risk Management in The Current Business Landscape
Pete Gervasoni - The Importance of Enterprise Risk Management in The Current Business Landscape
KEYNOTE PRESENTATION:
PETE GERVASONI F.ISRM CPRM
The Importance of Enterprise Risk Management in the Current
Business Landscape and the Need for Proactive Risk Mitigation Strategies
Who are We?
Australian Owned
Skefto is proudly Australian owned. We support local
business, local community and deliver a range of
value-add services to the Local Government sector
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Skefto platform overview
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Why is it important to have effective risk
management in the current business landscape?
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contents
The importance of effective risk management
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Importance of
effective risk
management
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Oxford Dictionary
a situation involving exposure to danger
ISO 31000
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Top management Shared vision and Understanding of
commitment purpose your context
Commitment to
Availability of
enhancing its
resources
resilience
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INEFFECTIVE
RISK MANAGEMENT
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“doing risk management as a compliance
function to… effectively managing risk”
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PROACTIVE RISK MITIGATION
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What are some types of risk mitigations or
treatments?
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Treatment Types
Accept Action to
reduce likelihood Avoid
Action to reduce
Share severity of consequence
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Remember…
Have a good understanding of your context, internal, external, interdependency and interaction environments
Document your commitment to effective risk management via your Risk Policy and Strategy and implementation plan
Keep it simple, if the complex is simple then people will follow your lead and approach
Be proactive in the delivery of your mitigation strategies and when needed use software to support your approach
Ensure that your risk reviews are undertaken across functions not in silos
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Thank you for the opportunity
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sales@skefto.com
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