In today's chat, Brett and I discuss the importance of controls in risk management - and specifically, critical controls.
These are the controls that if missing or ineffective, will almost certainly lead to the risk eventuating, or if a mitigating control, the consequences being worse than they needed to be.
Key to having a great control environment is providing assurance that the controls are in place and effective - for some critical controls, such as the Business Resilience arrangements for the organisation, this is best tested using facilitated exercises / scenarios.
Enjoy this episode and don't forget to keep submitting your ideas for future podcast chats, or guest interviews via the ABM Risk Partnership website.
Contact ABM Risk Partnership to optimise your risk management approach:
Thanks for listening to the show and please keep your guest suggestions coming!
