PORTEG

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗞𝗥𝗜𝘀: 𝗙𝗿𝗼𝗺 𝗟𝗮𝗴𝗴𝗶𝗻𝗴 𝗠𝗲𝘁𝗿𝗶𝗰𝘀 𝘁𝗼 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 As we say in Dutch – 𝘁𝗼 𝗺𝗲𝗮𝘀𝘂𝗿𝗲 𝗶𝘀 𝘁𝗼 𝗸𝗻𝗼𝘄 (𝗺𝗲𝘁𝗲𝗻 𝗶𝘀 𝘄𝗲𝘁𝗲𝗻). In today’s data-driven world, we are flooded with KPIs and KRIs to monitor our companies’ health. But are KRIs truly serving as early warning indicators?🚨 Collecting and reporting on KRIs or KPIs can be time-consuming, often turning them into lagging indicators. To make them effective, consider these key points: 🎛️𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 𝘀𝗵𝗼𝘂𝗹𝗱: • Enable informed decisions and timely interventions • Foster a culture of awareness and resilience 🗓️𝗚𝘂𝗶𝗱𝗲𝗹𝗶𝗻𝗲𝘀 𝗳𝗼𝗿 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻: 1. 🎚️Leverage existing metrics: Use KPIs as a foundation for KRIs and vice-versa to minimize redundancy and maximizing efficiency 2. 📊Visualize data: It will make trends easier to identify, provide clarity, and immediate insight into risk exposure. 3. 🛣️Ensure actionable insights: Attach conclusions and recommendations to indicators, to ensure risks translate into actions. 4. 🚄Speed up insights: Ensure the indicators are leading indicators or have minimal lag. Produce them fast and efficiently, build clear trigger warnings, and report breaches quickly. 5. 🤝Collaborate: Involve all stakeholders in the KRI development process, ensuring relevance and accountability. 6. ⛓️Integrate: Embed indicators in processes and reports to elevate their importance. What KRIs are you using to monitor risk? Are they leading indicators? #keyriskindicators #RiskManagement #BusinessStrategy #KRI #Resilience #OrganizationalHealth #DecisionMaking

#riskmanagement is about hindsight, insight, oversight and foresight. 📣 Within our services we build around these pillars to generate true value and active risk management. We go beyond #GRC discussions. 📚 Often we get in hindsight 20/20 situations where effort is spend on producing already outdated reports on unstructured and hard to retrieve data. How can we look at the past (hindsight), to create insights and oversight to have foresight into what is coming? 🎛 Let technology support you instead of lead you and go beyond hours of data mining to create presentations that lack focus. Get back into control to make decisions well informed and on time. Welcome Technology to innovate #riskmanagement and embed it into your processes. You are in the driving seat! 🛣 #enterpriseriskmanagement #internalcontrol #Risk #digitalisation

*The Blue Screen of Death: A Wake-Up Call ⏰ for Operational Resilience. 🖥 The major outage last week, triggered by a faulty update from CrowdStrike, underscores the need for operational resilience (let's not mention #DORA). This externally driven event caused significant IT disruptions globally. ⁉ While protection against cyber threats is crucial, this incident raises questions: is the remedy worse than the disease? How does the impact of a vendor update differ from a malicious attack? Was it an unforeseeable scenario, which we couldn’t plan for? ☎ The root cause—a faulty software update (Kernel config update)—led to computers displaying the “blue screen of death”. An estimated 8.5 million computers (only Microsoft computers) were affected, bringing many operational processes to a sudden halt.  Airlines, airports, hotels, hospitals, and more were industries were impacted, with damages estimated in the billions of dollars. The rollback and fix were completed within hours, but affected computers required a manual fix slowing down the resolution time. 📉 CrowdStrike's market value has dropped by $25.4 billion, its reputation took a hit and competitors are seizing the opportunity. In response, CrowdStrike will likely enhance their patching process to reduce future update issues, but the damage is already done. 🕵♂️ 🕵♀️ Understanding the cause and effect is important, but focus is required on the response. This is the essence of operational resilience 🛑: prevention is key, but unexpected problems will occur. This event underscores deficiencies in operational responses and business continuity plans, revealing our heavy reliance on digital support. ⁉ Should we have backups in place? Can we operate with reduced technology? Are we responding slow? Many questions arise. Are you prepared for high-impact events like this? Let’s get ready now! #OperationalResilience #BusinessContinuity #Risk #RiskManagement #DORA

Hydrogen (H2) can play a major role in the energy transition. But large investments are required to position H2 as the energy carrier and storage facilitator for renewable energy. Together with Invest-NL and Common Futures. Energy Transition Specialists; Porteg investigated the possibilities of a H2 trading market in the Netherlands and the role of the trading market as an accelerator for these investments.   A H2 trading hub, defined as a centre of trading activities, will need core elements to be in place similar to trading in other energy commodities. These elements are not fully crystallized and should mature rapidly. Examples are: Standardized product, Contract definition required for trading and Transparency on flexibility including pricing mechanisms.   In the next phase the results of our investigation with stakeholders and participants are validated. Using interviews, we would like to find out the needs of the participants and stakeholders and validate our findings and assumptions.   Are we ready for a H2 trading market? Reach out to us and we can discuss further. #energymarkets #hydrogen #energytransition #energytrading #hydrogenmarket #H2 #greenenergy #greenhydrogen #greenfuture