Risk management simply refers to the process of identifying, assessing, and combating possible risks that could affect a project, business, organization, or even individual. The truth is that every successful business is a product of effective risk management. Whether you … Read More
Articles
Top Risk Management Tools: What Works Best?
Risk management is undoubtedly one of the most important aspects of any successful project or business strategy. Let me put it this way: the success of your business hinges on effective risk management. As a result of evolution in tech, … Read More
Real-Life Case Studies: Successful Risk Management in Action
Risk management enables businesses to anticipate potential problems and also create a plan to address the problems if they occur. When there is a thorough plan for risks, projects won’t stop even when surprises pop up because there is a … Read More
Why do companies still prefer spreadsheets over custom applications?
Hang on a sec…is your company still running on spreadsheets? Don’t worry, you’re not alone! Let me explain: Over the years, I’ve come to discover some really sweet things about spreadsheets. Let me show you: Spreadsheets are intuitive, and cost-effective … Read More
Why do companies still prefer Google spreadsheets over MS Excel?
Why do companies still prefer Google spreadsheets over MS Excel? Talking about Google Spreadsheets I had an interesting conversation with a friend of mine in the spring of last year. We came to the conclusion that the trends that were … Read More
How to turn error-prone Google spreadsheets into efficient apps
How to turn error-prone Google spreadsheets into efficient apps Business management has evolved incredibly, and there’s no limit to what the future holds. As of today, many businesses have turned to spreadsheets as their go-to solution-providing tools for managing business … Read More
The Ultimate Audit Checklist
Audits are essential for ensuring compliance, operational efficiency, and risk management. Whether internal or external, a well-prepared audit can save time, reduce errors, and improve business processes. Here’s a comprehensive audit checklist for SMEs. 1. Planning the Audit 2. Risk … Read More
How to Build a Simple Risk Matrix
A risk matrix is a practical tool that helps organizations identify, assess, and prioritize risks. It’s particularly useful for SMEs that want to manage risks without complex software. Here’s a step-by-step guide to building a simple risk matrix. 1. Define … Read More
5 Vendor Risk Mistakes SMEs Make
Managing vendors effectively is critical for small and medium-sized enterprises (SMEs). Vendors provide essential goods and services, and a single misstep can expose your business to financial, operational, or reputational risks. Yet, many SMEs make common mistakes when it comes … Read More
Why Templates Are Essential for Risk Pros
This paragraph serves as an introduction to your blog post. Begin by discussing the primary theme or topic that you plan to cover, ensuring it captures the reader’s interest from the very first sentence. Share a brief overview that highlights … Read More