Risk managers why Spreadsheets are failing you by Steven Minsky

WEBSITE: http://globalriskcommunity.com/
EMAIL: info@globalriskconsult.com
Risk Managers: Why Spreadsheets are
Failing You by Steven Minsky
Best Content from GlobalRisk
Community

Spreadsheets are still an
excellent tool for data
manipulation and one
dimensional analysis, they fall
significantly short of delivering
the capabilities a risk manager
really needs to analyze trends
and see the relationships the
job entails.
The limitations of spreadsheets
verses ERM software are
systemic and largely stem from
the way they manage data.

Impractical
Risk management is an iterative process that
requires collecting a great deal of information
to glean the necessary insights.
 impede the process of combining data into a
coherent big picture, it also means any
changes to data structure becomes a great
undertaking.
 Dependent on spreadsheets, risk managers
will spend countless hours validating
data, double checking formulas, and
updating values instead of spending that
time on much needed evaluation and
mitigation.

Relationships
 Risk analysis is not a static process; it's dynamic
and highly strategic.
 Assessment structure, information, and the
people involved evolve over time as
management's requirements and priorities
change.
 Spreadsheets, however, are ridged. With each
change to a spreadsheet, links between
information are lost making it very difficult to
analyze relationships over time.

 Spreadsheets can actually limit the
depth of risk analysis.
 Analyze the relationships your risk
tools can uncover.
 Spreadsheets offer limited access to
past and current data.
 Spreadsheets prevent an
understanding of the dependencies
and consequences between
departments, processes, and strategic
goals.

Inaccessible
Risk Managers: Why Spreadsheets are Failing
You by Steven Minsky
 Risk management isn't something that can
be done in isolation.
 The information risk managers collect and
analyze needs to be accessible to the rest
of the organization.
 Risk management function without
support from management and an
organization with an abundance of
duplicate tests, controls, and information.
 Risk managers need to be able to
aggregate and access.

The Solution
 Risk management requires
dynamic tools:
 that can organize and link data
automatically,
 analyze dependencies and
consequences enterprise-
wide, and
 be accessed by decision makers
and other silos.

Sign up NOW using this personal invitation link
http://globalriskcommunity.com/?xgi=0QLXOKRG13ye0O
PS:
Below are just some of our popular content and discussions published on our site:
(accessible only for members. Registration is Free and takes only 1 minute).
Employment trends and Salary Insights
http://globalriskcommunity.com/profiles/blogs/2013-salary-insights
Case studies, whitepapers and free research of the week:
http://globalriskcommunity.com/profiles/blogs/case-studies-whitepapers-and
Complimentary Trade Magazine Subscriptions & Technical Documents:
http://globalriskcommunity.com/profiles/blogs/trademagazines
Join our community to get new business,
new contacts, jobs, latest news and to
exchange ideas

Risk managers why Spreadsheets are failing you by Steven Minsky

Recomendados

Recomendados

Mais conteúdo relacionado

Último

Último (20)

Destaque

Destaque (20)

Risk managers why Spreadsheets are failing you by Steven Minsky