Thoughts & Musings
High-quality conversations informed by data, information and analytics.
It is about high-quality conversations informed by data, information and analytics.
Probability of Execution (POE)
The Probability of Execution is an aggregated, easy to understand percentage value showing the probability that a single objective, or group of objectives will be executed by its due date based on the various data points which have a causal relationship to the objective. This includes linkages between objectives and aligned processes and initiatives, and of course, risks and controls at various levels within the RBPM framework.
Events, dear boy, events...
Events, dear boy, events…this is a quote often attributed to former British Prime Minister, Harold Macmillan and one that will be ringing in the ears of many business and risk professionals as they watched turbulence unfold in the markets yesterday. Many will now be waking up, asking themselves what does the coronavirus and this market turmoil mean for them.
Strategy as a Hypothesis. Risk as a Hypothesis.
What is Risk-Based Performance Management
Risk-Based Performance Management (RBPM) is a strategic management methodology designed to enable firms to execute strategy while operating within risk appetite boundaries.
By integrating best practices approaches to strategy setting, risk appetite, enterprise performance management and enterprise risk management, RBPM enables the board and senior management to understand, manage and control the risks facing their firms while building the capability to identify and exploit emerging opportunities to gain and maintain a competitive advantage.