enterprise risk management

The Future of ERM – Grooming the Next Generation

As ERM professionals, we are always looking toward the future. The core of our job is to ensure executives are making risk-informed decisions in establishing and pursuing strategic objectives. Our goal isn’t to avoid risk but to help companies take intelligent risks to ensure success. Since our profession should focus on the future, the recent…
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strategic planning

6 Quick-Glance Resources for ERM to Support Strategic Planning

We’re fast approaching that time of year when organizations start their strategic planning.  It literally seems like yesterday we were talking about goals for 2019. Before you know it, 2020 will be here! Risk professionals like you play a key role in ensuring executives are making the most informed decisions possible. These decisions are among…
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Don’t waste time managing risks

Risk management as a concept is undergoing changes, as most everything else. New developments and an ever-increasing speed of change adds and changes the demands for risk management- both in terms of what to do, and how to do it. The world is changing faster than ever before – and anxiety as to the speed…
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16 Essential Questions to Ask for Effective Scenario Planning

At a high level, the ultimate goal of scenario planning is to help executives better understand the impacts of new goals and objectives to ensure the goals set out in the organization’s strategic plan are the right ones. Why use scenario planning? It is an effective tool to discover and test assumptions to ensure executives…
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ERM: The Non Risk-Centric Approach

I published an article last week on risk monitoring and how critical it is to the success of ERM. Not only did the article provide a definition of risk monitoring, it also went in to some detail on why it’s important, why it must be approached with care, methods for risk monitoring, reporting, and other…
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What are Organizations’ True Barriers to Implementing ERM?

My posts for this month (May 2019) have focused on results from the 2019 State of Risk Oversight report from NC State. Each of these posts (see here and here) not only reported survey results but also included additional commentary based on my experience. Up to this point, I had no reason to challenge anything…
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Traditional vs. ERM – Going Beyond One-Dimensional Risk Assessment

Podcast: Play in new window | DownloadIn my popular article on traditional vs. enterprise risk management, one distinct difference is how traditional risk management assesses risk from only one-dimension or point-of-view. In most cases, the use of a one-dimensional view is strongly connected to insurable risks and determining the potential impact or loss from a…
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