Welcome!

News Feed Item

Book by Seasoned Enterprise Risk Management Consultant Lights Path to Advanced ERM

"Mastering 21st Century Enterprise Risk Management" takes a holistic approach

GOLD COAST, Australia, March 13, 2014 /PRNewswire-iReach/ -- Gregory Carroll, an enterprise risk management systems expert whose has consulted over 30+ years some of the world's largest companies and highest-security organisations, has a new book on risk management available from AmazonMastering 21st Century Enterprise Risk Management treats the subject not as merely a way to sidestep problems, but rather a way to add value. A free excerpt of the book is available for download at fasttrack365.com/ERM-book.

(Photo:  http://photos.prnewswire.com/prnh/20140313/MN82637)

Risk management has traditionally focused on the downside—the "what if"—of risk, Carroll says. What if I get audited; will my documentation be in order? What if someone gets hurt? Risk has also traditionally been as siloed as many organizations, each functional area requiring its own unique parameters without any interaction. Different areas may even use different software.

"Modern risk management philosophy goes beyond 'staying out of trouble.' It incorporates the upside of risk—the people and process efficiencies that result when a holistic risk management framework is integrated into all aspects of the business and aligned to specific business objectives," Carroll says. "Investing in risk management, as with all other investments, must produce a return."

Mastering 21st Century Enterprise Risk Management explains why many risk management systems are broken and what needs to be done to fix them. It also explains the pitfalls to avoid when deploying an ERM system.

Carroll draws on his 30 years of experience as a business owner serving some of the largest organisations in Australia, both in the government and the private sector. But he also stays on top of current research into the subject. He notes a KPMG study published this year whose name sums up the situation: "Expectations of Risk Management Outpacing Capabilities - It's Time For Action."

Done properly, however, risk management can be a powerful tool for innovation, agility and growth. The reason few people harness this power is that they are focusing instead on administrating the process.

Carroll addresses the widespread disillusionment with risk management at C-Level particularly with enterprise risk management. With 40% of software implementation projects classed as having failed and the track record of QMS and ERM to-date, most organisations are behind the 8 ball before they start. He also explains the secrets to successfully implementing management systems in large organisations and how to achieve cultural change vital for success. Carroll then looks forward at future of risk management in the 21st century, and how it must produce a return of investment.

Mastering 21st century risk management goes beyond keeping your company on good terms with regulators. "Effective enterprise risk management takes a holistic approach to identifying, assessing and mitigating risk throughout the organization and is based on business objectives," Carroll says.

ABOUT THE AUTHOR

Greg Carroll (@365compliance) has 30 years' experience addressing risk management systems in life-and-death environments eg Dept. of Defence and Victorian Infectious Diseases Laboratories. He has also worked for decades with multinationals like Motorola. He is Founder and Technical Director at Fast Track, author of the ebook Mastering 21st Century Risk Management, and author of the Compliance Today blog.

ABOUT FAST TRACK (AUST) PTY LTD 

  • 30 year history
  • 400+ installations globally
  • Specialists in mission critical environments
  • Defence Security Clearance

For 30 years Fast Track (Aust) Pty Ltd has specialised in regulatory compliance and enterprise risk management for medium and large organisations. The company deploys enterprise-wide solutions for Quality, Risk, Environmental, OHS, Supplier, and Innovation Management. Product and media enquiries: +61 7 5591 8977

FREE RESOURCES AVAILABLE AT HTTP://WWW.FASTTRACK365.COM

Downloads

  • Mastering 21st Century Enterprise Risk Management – Free Excerpt (PDF)
  • 10 Essentials of Enterprise Compliance Software Handbook (PDF)
  • ISO9000 Quality Management System Data Sheet (PDF)
  • Audit Management Data Sheet (PDF)
  • Risk Management Data Sheet (PDF)
  • FastTrack.net 2013 Product Guide (PDF)

News & Commentary

  • Case Studies
  • Compliance Today Blog
  • Company News Releases
  • Customer Reviews
  • Pricing Information

Videos

  • Mastering 21st Century ERM Part 3: Best practices in risk management systems within large organisations.
  • Mastering 21st Century ERM Part 2: Secrets to successfully implementing management systems within large organisations.
  • Mastering 21st Century ERM Part 1: Firing Failed Risk Practices: The latest findings on enterprise risk management from KPMG, leading actuarial firm Milliman, and the 2013 15th OpRisk conference.
  • Relationships-as-Data Architecture of Modern Enterprise Compliance Software: See an example of what's possible with our enterprise compliance system's unique data architecture.
  • 2-Minute Overview of FastTrack.net Enterprise Compliance Software: Compare compliance software including solutions from Oracle, IBM, or Accenture.
  • Demo of Fast Track Enterprise Compliance Software: View a demonstration of the Fast Track Governance, Risk and Compliance functions available and key product benefits.

Media Contact: Greg Carroll, Fast Track (Aust) Pty Ltd, +61 7 5591 8977, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Greg Carroll

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...