Rescue your ERM program’s reputation with branding

Your organization has long had a risk management department or an insurance department.  Now that leadership is committed to having enterprise risk management embedded into the organization, you are struggling to get buy-in on how this idea is different from what you already have.  How do you overcome this to achieve success with ERM? People…
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An Enterprise Risk Management Program is NOT One-size Fits All

Designing an ERM program involves a lot of experimentation based on your company’s leadership, culture and operations The board and/or executives have decided to establish an enterprise risk management (ERM) program.  You have been given the responsibility of designing an ERM program for your organization and have established that they are in it for the…
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Supply Chain Risk Management – Ensuring You Can Handle a Vendor Outage

Questions and considerations for making sure your company can stay in business during supply chain disruptions   A recent white paper published by Transvoyant titled “A Revolution in Risk Management” discusses the use of data analytics and artificial intelligence in supply chain risk management.  While it was extremely interesting how companies can use the evolution…
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How well does risk management adapt to changes?

There have been so many articles published about regulation changes, economic crises in various countries, even major shifts in executives.  With all these constant changes, risk management must become flexible. How well are we, as risk management professionals, adapting to those changes? Back in 2011 and 2013, I saw articles from Harvard Business Review and…
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Is the Enterprise Risk Management Process in Shambles?

I recently wrote two articles referencing the latest report from the Enterprise Risk Management (ERM) Initiative at North Carolina State University, in partnership with the American Institute of Certified Public Accountants (AICPA).  Their 8th State of Risk Oversight report provides an overview of ERM practices for a variety of industries. This report continues to provide…
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Enterprise Risk Management as a Strategic Tool for Companies

I previously wrote an article referencing the latest report from the Enterprise Risk Management (ERM) Initiative at North Carolina State University, in partnership with the American Institute of Certified Public Accountants (AICPA).  Their 8th State of Risk Oversight report provides an overview of ERM practices for a variety of industries. Although the previous article was…
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Do Non-Profit Organizations Need Enterprise Risk Management?

There are so many news articles about how for-profit companies are tackling issues that they experience and advice for how to anticipate potential issues.  But what about the non-profit organizations?  They are driven by a different purpose, often have a social aspect that involves people, and yet, they are just as, if not more, vulnerable…
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What Qualities Does an Effective ERM Professional Have?

If your company is searching for an ERM professional, or you have recently been assigned this job at your company, there are certain qualities you will want to look for or develop. Every organization is managing risk to some extent. However, as we explain here, risk management in most organizations occurs on the department-level within…
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4 Possible Paths Your ERM Program Can Take

Setting up an enterprise risk management (ERM) program is just the beginning of a continuous process to help your organization achieve strategic and operational objectives. Like many things in life, this is easier said than done… Companies will establish an ERM program for a variety of reasons – perhaps a simple question from a board…
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