10 Easy Steps to Implement Enterprise Risk Management

Enterprise Risk Management (ERM) is a discipline – not in the sense of punishment, but as the mastery and continued maturation of risk competencies. Essentially, ERM is all about building risk management capabilities throughout the organization.

Risk professionals often focus on ERM as an end rather than a means to support the organization’s objectives. Yet to be useful, that is exactly what it must center around: providing value to the company.

In this article, Carol Fox presents 10 steps with important guidelines that will help you plan your journey to implementing a successful Enterprise Risk Management (ERM) program.

Lingua: English

Autore

Carol Fox

Carol Fox, ARM, is Vice President of Strategic Initiatives at RIMS, the risk management society. Carol served as the chair of the U.S. ISO 31000 Technical Advisory Group on risk management standards from 2015 to 2018 and was a participant on the COSO ERM Advisory Council for the 2017 revision. Known for her risk management experience and writing, in 2011, Treasury and Risk named her one of the 100 Most Influential People in Finance.