Small Business Benefits from Remote Working Policies
Small Business Benefits from Remote Working Policies Across the Middle East and Europe, organisations are under increasing pressure to reduce operating costs while embedding sustainability into their core business strategies. Remote and hybrid working models are proving to be one of the most effective levers for achieving both objectives simultaneously. Remote working has shifted from […]
Risk Outlook for 2024
The 2024 risk outlook for companies is influenced by recent key events related to economic uncertainties and recent geopolitical developments, including the Israel-Gaza war. Macroeconomic indicators, such as the war in Ukraine, rising inflation, and interest rate hikes, pose risks that can be mitigated by diversifying revenue streams, implementing flexible pricing strategies, and investing in […]
Board Members’ Guide to Implementing Effective Enterprise Risk Management – 10-Step Blueprint
A board member plays a crucial role in setting the tone and direction for ERM implementation, ensuring that it is integrated into the organisation’s overall governance and management processes. implement ERM, a board member should take the following measures: 1. Understand ERM principles and guidelines: The board member should familiarize themselves with the ISO 31000:2009 […]
Top 10 Recommendations for successful ERM in government organisations
Here are my 10 key recommendations for implementing Enterprise Risk Management (ERM) in public sector organisations. These are areas worth focussing on in addition to the usual identify, assess, etc steps that you may find in general. Strengthening risk management practices is pivotal for organisational resilience. Here are some essential steps: Develop Comprehensive ERM Strategic […]
Generative AI Risks to businesses – Challenges and opportunities to Risk Professionals
Generative AI is a subset of artificial intelligence (AI) that can create new content, including text, images, music, and more, by learning patterns from a training dataset. Unlike traditional AI, which focuses on specific tasks and follows pre-defined rules, generative AI can invent new content and respond creatively to inputs. It is considered the next […]
The Crucial Role of Risk Management in Mega Projects: Lessons from the Middle East
The Middle East has become a hub for ambitious megaprojects, with billions of dollars invested in initiatives that aim to reshape the region’s landscape. These projects, such as Expo 2020 Dubai, the Red Sea Project, Qiddiya, Lusail City, and Abu Dhabi International Airport Expansion, are not only monumental in scale but also critical to the […]
Risk Management in Mega Projects
Addressing risks in mega construction projects requires careful planning and proactive management. Here is a brief guide that outlines essential steps to mitigate risks effectively: Risk Identification: Start by identifying potential risks specific to the project. This can include technical, environmental, financial, regulatory, and operational risks. Engage with project stakeholders, including contractors, engineers, architects, and […]
Business Benefits from Remote / Hybrid Working Practice
Businesses can benefit significantly from remote or hybrid work models in several ways: Expanded Talent Pool: Remote and hybrid work models allow businesses to tap into a wider talent pool. When location is not a constraint, companies can hire skilled professionals from anywhere in the world. This access to a broader range of talent increases […]
Mixed use development Risks – Giga Construction Programs
Giga projects, which refer to large-scale infrastructure and development projects, often come with their own set of specific risks. When it comes to mixed-use developments, which combine residential, commercial, and other uses in a single project, there are several risks that project stakeholders should be aware of. Here are some specific risks associated with giga […]
As an infrastructure developer, should ERM matter to control project risks?
As an infrastructure developer, your role involves designing, building, and maintaining various types of infrastructure projects, such as roads, bridges, buildings, and utility systems. While your primary focus is on the technical aspects of infrastructure development, it’s important to consider enterprise risk management and its implications for your client organizations. Here’s how enterprise risk management […]