The Perils and Promises of Integrated Enterprise Risk and Performance Management

Among businesses, there is increasing interest in the integration of enterprise risk management and enterprise performance management, but the confusion and lack of consensus about what each of them is, let alone how to integrate them.

Performance management is much broader than its previously misperceived narrow definition, as simply comprising dashboards and better financial reporting; it is a crucial part of how an organization carries out its strategy to maximize value to stakeholders. And to maximize value, risks must be considered.

In this article, Gary Cokins will present the framework for Risk-Based Performance management and explain how this integrated approach will change the way you see strategic management.