07 September 2004

The Wheel of Misfortune

What are some classic cases of operational risk out of control? Check out The Wheel of Misfortune.

One of the best ways to develop risk awareness is to learn from others' mistakes. The Wheel of Misfortune contains instructive case studies of a dozen infamous financial disasters.

Each case study includes a description of the event, an analysis of what happened and exactly what went wrong, and the risk management lessons to be learned.

Your organization could do the same by creating a learning tool for existing and new employees. After all, the best way to keep awareness at a high level is to consistently place reminders about lessons learned.

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