PHOTO:
Ricardo Arce
I recently presented at an IIA Qatar Zoom meeting on the topic of Risk Management for Success. At one point, I shared an example of a risk register I had found on the web. I explained how it was removed from the context of achieving objectives (i.e., risk to what?) and that periodically managing a list of risks is not sufficient for effective risk management.
The Problem With Risk Registers
During the Q&A session, somebody asked how the risk register could be improved.
There are multiple problems that need to be overcome, including:
As mentioned above, it is a static list of risks, updated occasionally. Managing a list of what could go wrong is not the same as considering how best to achieve objectives. That requires understanding what might happen as part of every decision and that changes often, which requires more than a periodic discussion. However, there is a measure of value in the periodic review of those sources of potential harm that need to b
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Dealerships and auto loans
The dealership wants to sell you a car. To make the payments more affordable, you may be offered a loan that lasts six, seven or even eight years.
Longer loans can get you smaller monthly payments, but they cost more overall, since you’ll pay more interest. You’ll also likely spend several years “upside down,” or owing more than your vehicle is worth. As the car ages, you could easily face big repair bills while still making payments. If you needed to sell the car, you would have to come up with money to pay off the loan.
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A seminal moment in the effort to curb the pandemic, that has so far infected an estimated 16 million people and killed nearly 300,000 in the United States, the FDA granted the first EUA for a COVID-19 vaccine on Friday. The rollout is expected to be complex, and there remain concerns about vaccine makers’ ability to scale up manufacturing to meet demand. Still, distribution of a vaccine less than a year after the emergence of an unknown pathogen is widely considered a feat once thought impossible. STAT and Washington Post
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