Perspectives

Deloitte's Risk Angles Series

Staying ahead of what's next

Risk Angles is Deloitte’s series of short, powerful interviews, designed to inform on pressing risk topics. Explore a wide range of governance, risk, and compliance issues – and stay ahead of what’s next.


Third-party relationships have become an accepted part of today’s business landscape.  In fact, organizations are increasingly relying on third parties not only for ancillary functions, but also to enable core parts of the business. As the number of providers and the depth of their involvement in the organization increases, so does the risk.

This edition of Risk Angles discusses third-party risk, some of the reasons why it is on the rise, and what steps companies can consider to help combat it. Then, we take a closer look at ways companies are identifying, managing, and mitigating third-party risk. 

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By their nature, capital projects are a high-stakes undertaking requiring major financial and resource investments. But even when experienced project managers complete rigorous planning and apply project management methodologies, effective project completion  often remains a struggle

This edition of Risk Angles discusses project risk and suggests ways organizations can begin to combat it. Then, we take a closer look at applying analytics as a means to predict project success and take corrective action as needed.

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Reputation risk is a top strategic concern for organizations because it’s a meta risk – connected to and amplified by other types of risk. It’s often outside an organization’s direct control, and can cause irreparable damage in many ways, both actual and perceived.

This edition of Risk Angles discusses the threat of reputation risk, how companies are addressing it, and how organizations can analyze the risk exposure and vulnerability of key stakeholder groups to better understand the potential impact of a reputation event.
 

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Risk modeling use has expanded in recent years as companies look for ways to address strategic, operational, compliance, geopolitical, and other types of risk. Technology advancements have made risk modeling and simulation more practical, just as the need to cope with the expanding universe of risk is becoming more pressing.

This edition of Risk Angles discusses the challenge, impact, and strategy of risk modeling and takes a closer look at the role of model simulation in enhancing decision making. 


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