Category Archives: Third Party Risk

Four Years Later: Where are we with operational resilience?

It has been just over four years since the last post on this blog, but the importance of operational resilience has been underscored several times in such a short period of time! We had a global pandemic with unprecedented measures … Continue reading

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A bridge too far – a view on the TSB IT migration based on the Slaughter & May report

At the end of the film, a bridge too far, the generals reflect on the root causes of the disaster of Operation Market Garden.  Many causes were identified (‘it was Nijmegen’, ‘it was the single road getting to Nijmegen’. ‘it … Continue reading

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Carillion – Lessons for Risk Management?

The liquidation of Carillion back in January 2018 made me reach for their last annual report covering 2016 and published in early 2017, just months before the profits warning in July 2017. I was interested in the risk management section … Continue reading

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Can ignoring supplier risk really bring your company down?

Sometimes it is useful to challenge one’s own assumptions and the importance of understanding and responding to supplier risk is one of those that seems obvious based on many well documented incidents of diminished supplier capacity and capability, but some … Continue reading

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Checking for the exits on the way in…

No, this is not taken from the script of the Homeland TV series, but it is advice often given – but not often taken – when contracting with third parties. Good exit management is after all a key enabler of … Continue reading

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