In the enterprise-risk management (ERM) arena, risk-management professionals must perform mazing feats, rounding up and lassoing a herd of risks that are potentially dangerous, unpredictable and hard to manage. They do this using a system of effective internal controls.
Like cowboys, risk management professionals round up and subdue potentially dangerous, unpredictable, and hard to manage "animals." But instead of a lasso, they rely on effective internal controls.
The ERM “rock-lifting” process can be daunting, especially when risk-related issues are being examined for the first time. Here are some problem-solving techniques, or “heavy lifting tools,” that can be helpful.
The ERM “rock-lifting” process can be daunting, especially when risk-related issues are being examined for the first time. Here are some problem-solving techniques, or “heavy lifting tools,” that can be helpful.
Like serving any large, multi-course meal, ERM projects can be large, intimidating, tough to coordinate, and difficult to digest. In tackling an ERM rollout, breaking down the project into components is essential for success.
Like serving any large, multi-course meal, ERM projects can be large, intimidating, tough to coordinate, and difficult to digest. In tackling an ERM rollout, breaking down the project into components is essential for success.
Developing an enterprise risk management program is like running a long-distance race. During the process, you may ask, “Why the heck am I doing this?” Here are six reasons you should cross the finish line.