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Sword GRC Blog

Stay up to date on the latest from Sword GRC and best practices from the world of risk management.

How well defined is your organization’s risk appetite?

“Risk appetite is often referenced in organizations, without clearly defining what it is” states the Government Finance Function’s ‘Risk Appetite Guidance Note’.

Account for risk in quantitative analysis and decision making with Monte Carlo Analysis

Also known as the Monte Carlo Method - is used to solve complex problems in a diversity of scenarios...

Project Risks- who's in control?

Does it sometimes feel as if risks within your projects are beyond your control? You’re unsure about risk exposure levels? Unclear about the controls...

Top tips for effective project risk management

Does your organization’s approach to risk impact the success of delivering critical projects?

Why keep internal audit firmly in the ERM frame

Many organizations adopt a ‘Three Lines of Defence’ model for risk management and compliance and for this to be effective, operational leadership, compliance...

Emerging risks… how can we tackle what’s on the horizon?

In unpredictable times, can we identify risks that we don’t yet know? David Lannoy, Associate Director of Risk Training & Practices at Chappelle Consulting...

Risk management software recognised for technology excellence and customer impact

Following a detailed analysis of the global GRC software market, Quadrant Knowledge Solutions...

SPARK Matrix™: Governance, Risk, and Compliance (GRC) Platforms, 2021

Market Insights, Competitive Evaluation, and Vendor Rankings.

Risk management’s pandemic response - 5 key learnings

In December 2020, the Institute of Risk Management (IRM) conducted the second of its Risk Management Response to Covid-19 surveys, looking into the impact...

Risk Appetite and Key Risk Indicators

“The financial industry has demonstrated exceptional resilience in the wake of COVID-19 and should be praised for that. Much is, however, still to be strengthened at all levels, and learnings from the past year should be built upon..."

Empower your internal audit team with Audit Management Software

The ability to work within defined auditing project deadlines? Check. Exceptional organizational skills? Check. A passion for problem-solving? Check.

Good risk governance – how business leaders can bounce back from the pandemic

“COVID-19 has helped more people than before understand that a single root-cause issue can totally trigger risk at an enterprise level...”

The business case for Enterprise Risk Management

While it may be easy enough for risk professionals to appreciate the benefits that ERM can bring in driving robust risk management processes within an organization, it may be trickier to put the case...

Policy Lifecycle Management - the lowdown

Whether they are corporate, risk or regulatory orientated, they provide guiding principles or set out the latest legislative requirements, policies are part and parcel of corporate life.

How managing risk at the enterprise level supports business performance

In an ever-changing risk environment, risk managers can find themselves under mounting pressure to manage the multitude of risks that...

How learnings from Operational Loss Events can enrich your risk management framework

How learnings from Operational Loss Events can enrich your risk management framework.

Using Scenario Analysis to Assess Operational Risk

Assessing operational risk accurately is not without challenge, particularly when only limited data is available on risk probability and impact. And even if trend data can be accessed, who’s to say that risk events will repeat themselves?

Must-have metrics for effective Enterprise Risk Management

“Management is blind without access to the right metrics”. Risk data provides organizations with the opportunity to leverage information that will help to drive a more robust...

Key Risk Indicators – the right metrics for management

Key Risk Indicators – the right metrics for management. “It is impossible to drive a car without access to metrics on factors like speed or temperature. Similarly, management requires metrics to support effective decision-making and...

The A-Z on operational risk governance

The A-Z on operational risk governance. With stringent demands placed upon organizations from regulatory bodies and ever-changing legislation to contend with, a robust operational risk framework provides a basis from which an organization can ensure …

Risk Categorisation – your FAQS answered

Risk Categorisation – your FAQS answered. According to the Institute of Risk (IOR), “A workable risk taxonomy – often referred to as risk categorisation – can be regarded as the foundation upon which an effective operational risk management framework is …

Risk and Control Self Assessment – demystifying the methodology

Risk and Control Self Assessment – demystifying the methodology. No operational risk management framework is complete without Risk and Control Self Assessment (RCSA). This empowering technique, utilised by staff at all levels and across a …

Eight good reasons to manage operational risk appetite

Eight good reasons to manage operational risk appetite. Risk appetite. Risk tolerance. You’ll be familiar with the terms, but how do they differ? Are they in fact interchangeable, since both can influence business decision-making?

Embedding your Operational Risk Management Framework as a business imperative

Time to embed your Operational Risk Management Framework as a business imperative. Data, business controls, employee conduct, ethics, new technologies…

Why cultivate your risk culture?

Why cultivate your risk culture? Can having an appropriate risk culture help in the attainment of business goals and avoidance of potentially destructive surprises? The answer is ‘yes’ according to the Institute of Operational Risk …

Policy management matters – exploring the role of policy management software

Policy management matters – exploring the role of policy management software. Policies are fundamental …

Maximize Business Performance with Risk Management Software

Maximize Business Performance with Risk Management Software. In navigating the Covid-19 pandemic, businesses have had …

ERM – Supporting Environment, Social & Governance Risks in Mining

ERM – Supporting Environment, Social & Governance Risks in Mining. People. Planet. Profits. It’s widely acknowledged that ERM (Enterprise Risk Management)...

What is Policy Management Software

What is Policy Management Software? What is one vital tool all compliance-focused companies, big or small, should have? Policy management is the holding place and life cycle of a company’s important policy and procedural paperwork, …

Five risk-management priorities to safeguard shareholder value in the mining industry

Five risk-management priorities to safeguard shareholder value in the mining industry.

Risk Management – a maturity approach is challenging the old company view

Risk Management – a maturity approach is challenging the old company view. We recently held a roundtable event in Toronto where we…