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  Bryan Whitefield September 6, 2011 4:28

  Hi Tom

  Thanks for your email and compliments on my website (www.rmpartners.com.au) No I am not familiar with Johnathan Mun's work.  I have had a quick look at his website and can see he is in the quant space.  I just finished reading Douglas Hubbard's book on 'what is wrong with risk management and how to fix it' and it reminded me of my quant background.  I am originally a chemical engineer and moved into quant risk for chemical plants, modelling vapor cloud explosions for example.  I was an early pioneer in bringing the process industry skills and experience in risk management into general business.  Unfortunately, and Hubbard's book emphasizes it, too many people are either scared of numbers or don't believe in the investment.  Although not an evangelist like Hubbard, I do try and bring as much research and analysis into risk assessments as possible.  I expect I will be doing more so as more organizations accept that risk management is a good thing and good risk assessment is an even better thing.  A long way to go in my experience.

   

  On anther note, I see that this discussion you started has been viewed 37 times.  I didn't realize that info was available at the top of the page.
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  Thomas housel September 3, 2011 6:41

  Bryan,
  Thanks for the valuable feedback. I sent you an email in reply. I also looked at your company web site. Very impressive. By any chance are you familiar with Dr. Johnathan Mun's work on risk management or his books on the same topic? We work together on a number of projects for the DoD.
  Take care,
  Tom
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  Bryan Whitefield September 3, 2011 2:28

  Tom - Here is a very belated reply.  I hope you are still interested.

  I got your paper and found it interesting and it has got me thinking about an area of risk management I am currently pursuing - more on that shortly.  But first, why do you think you have not had a reply?  Here is my list with the odd tip:

  1.  No one new about it.  I just happened to be notified by a GRC email that I scrolled down on.  Not sure what you can do about it.  Does the GRC system tell you how many people have read your post?

  2. People within GRC are not interested in Intellectual Capital modelling and/or the risks associated with not managing it effectively. 
  Out of interest, how much interest did you get from the World Conf you
  spoke at?

  3. The paper is written in an academic PhD style and it takes a lot of effort to get your message.  You need to summarise in about 750 words and then provide a link to the paper.

  Now back to my interest in your paper.  A developing interest in risk management for me is somewhat related to your thoughts on Intellectual Capital.  Specifically my interest is in Risk Metrics to determine the success or otherwise of an organisation's risk management program.

  Without giving too much away as I am only about to launch my first pilot, I believe the greatest source of good risk metrics lay within the Intellectual Capital that you are interested in measuring and managing.  That is, the people within the organisation will often know well before the Board whether risk is being well managed.  The challenge for the Board is to tap into that knowledge.  Our profession would say that a good Enterprise Risk Management program will do that.  However, there is plenty of discussion on how difficult (or some people start with how impossible) it is to measure the effectiveness of our risk management programs.

  So I think there are likely to be some synergies between your research in IC and my area of interest and I would be interested in corresponding with you further if you choose.

  bwhitefield@rmpartners.com.au

  www.rmpartners.com.au

   
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  Thomas housel July 8, 2011 17:26

  Any and all feedback, negative, positive, hopefully constructive will be most welcomed. Tom Housel