Practical Enterprise Risk Management: How to Optimize Business Strategies Through Managed Risk Taking
- 4h 50m
- Liz Taylor
- Kogan Page
- 2014
Enterprise risk management (ERM) is a risk-based approach to running a business and strategic planning. An integrated approach to risk management, it ensures that each business function understands the various risks facing an organization and is properly managing and controlling those risks.
Breaking down the theory on ERM, Practical Enterprise Risk Management helps risk managers see risk as both an opportunity and a threat and offers guidance on how to implement it. Based on ISO 31000, the international guidelines for applying current best practice, this book provides templates and examples that can be adapted for applying ERM in any industry. It provides models for Risk Adjusted Return on Capital to evaluate R.O.I and measure performance, advice on emergent risks, as well as best practice and advice on risk communication, transparency and protecting the brand.
Including a comprehensive overview of risk management responsibilities for boards, Practical Enterprise Risk Management lifts the lid on the ERM process, helping managers to embed ERM into their organization, reach strategic goals and take more managed risks.
In this Book
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Introduction
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About Enterprise Risk Management
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Risk as an Opportunity/Threat to Objectives and Value Drivers
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Implementing an ERM Programme
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Risk Attitude, Risk Propensity and Risk Appetite
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ERM Culture, Blame, Boundaries and Elephants in the Room
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Embedding and Integrating ERM
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Maturity in Enterprise Risk Management
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Resilience and Sustainable Habits
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Learning and Communication
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Conformance, Performance, Roles, Responsibilities and Regulations
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Deliverables from Quantitative ERM Approaches
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Simple, Elegant ERM Tools for Senior Management
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ERM and Performance Management Synergies
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The key Strategic Questions for Senior Management and Boards to Ask Themselves
