Risk Management Show Master Risk Monitoring: Steps to Simplify & Succeed with Carol Williams
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Aug 4, 2025 Carol Williams, CEO of Strategic Decision Solutions, is a renowned expert in enterprise risk management. She shares valuable insights on simplifying risk monitoring to help organizations thrive. Carol discusses the critical link between organizational objectives and ongoing risk assessment. She emphasizes the need for clear metrics and a step-by-step approach to make risk management manageable. By focusing on internal and external contexts, Carol guides listeners on aligning action plans with strategic goals for lasting success.
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Layered Risk Monitoring Framework
- Risk monitoring should encompass action plans, key risks, business objectives, and internal/external context.
- This layered approach ensures linking risk to strategy and environmental factors for comprehensive oversight.
Do Continuous Risk Monitoring
- Continuous risk monitoring must drive the timing of risk management activities.
- Stop relying solely on periodic reporting and engage in ongoing monitoring to detect meaningful changes.
Use Metrics and Accountability
- Assign business metrics to objectives and risks to observe trends and enable timely action.
- Define clear responsibilities and milestones for action plans to ensure accountability and progress tracking.