team player

The Ultimate Guide to Being a Team Player or Not During Meetings

Every new year ushers in a season of planning and activity, and that translates into more meetings. We have two choices: make the most of them and add value OR be a total pain in the neck to everyone else. For those of you who think meetings are a waste of time, we’ve compiled a…
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operational risk management

Integrating Strategic Risk Management and Operational Risk Management

Most organizations, if not all, have some level of operational risk management. For example, some organizations are focused on operational risk related to safety or contract oversight of vendors. But a common view of operational risk management is slightly broader by examining risks associated with the actual daily operations of the organization. Examples include understanding…
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risk management resources

Top 18 Risk Management Resources for 2018

Every organization is at a different stage with their risk management practices, but regardless of where you are, you are making  plans for 2018 on how to take the next step …and trying to figure out how it all works together. Before I get into the ERM Insights by Carol resources, here are a few…
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risk terminology

Make Your Words Count: Translate Risk Terminology to Fit the Business

How many times have you presented risk information to leadership and watched them walk away with glazed eyes and no idea what was just discussed? Or worse yet, someone falls asleep like this: Okay – hopefully, it hasn’t been that bad. But speaking from experience, leaving a meeting with executives not understanding the presentation happened…
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Taking ERM to the Next Level: Adding Value to Projects and Processes

The last two weeks have been focused on how you can free up existing ERM resources, either by resource allocation or revamping your risk assessment process. Now you can allocate those resources to better understand your enterprise risks and to create action plans and lower high risks to acceptable levels. Once you’ve completed those activities,…
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erm resources

5 Simple Steps to Free Up In-house ERM Resources

Odds are you have more risks to manage this year, but not enough resources to do it sufficiently. In fact, here are a few startling statistics from NC State’s 2017 report, The State of Risk Oversight: An Overview of Enterprise Risk Management Processes:  70% of large organizations interviewed believe the volume and complexity of risks…
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Improve reputation risk oversight to survive the close scrutiny.

4 Ways to Survive Reputation Scrutiny and Improve Reputation Risk Oversight

I’ve been pondering reputation risk a lot lately, especially when I consider that around 75% of a company’s market value today is tied to intangible assets like reputation. Every organization is under scrutiny every day, and reputations are at stake. How well are companies and non-profits managing their reputation risk? What kind of reputation risk…
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5 Ways to Better Understand and Quantify Reputation Risk

As the person representing ERM at your organization, reputation risk is likely at the top of the list of concerns. You bring it up frequently with people across the organization and have tried to figure out how in the world to include it in your risk assessments. I know…because I struggled with this same thing.…
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