ERM professional

How the Fourth Industrial Revolution will Reshape Risk Management

In the waning years of the 2010s, the term “fourth industrial revolution” is becoming a commonly heard phrase for describing the nature and pace of technological change expected to take place in the decades ahead. Other terms to describe this include cyber or digital revolution. What makes this revolution unique is that it not only…

Should I Pursue an ERM Certification?

This is a question I receive often, whether via the website or my LinkedIn page… Personally, I hold a Master’s degree in Risk Management/Insurance from Florida State University along with a Certified Risk Manager (CRM) designation from the National Alliance for Insurance Education & Research. But as I’ve learned, especially since becoming an ERM consultant,…

Why an Elevator Pitch is an Ineffective Tool for Selling ERM

You may understand how ERM can be a valuable tool for ensuring the organization’s success, but unless an executive has some prior positive experience with ERM, you as a risk professional are about to experience an uphill battle: convincing them to adopt ERM to help improve the way the organization performs. After all, without buy-in…

Ensuring Consulting Engagements Deliver Exceptional Value

Today I’m going to touch on the sensitive topic of consultants… When you have a problem or situation outside your organization’s internal capabilities, a consultant can be brought in to help address it. In the context of ERM, this can include everything from starting a new program, re-starting a failed program, presenting a summary of…

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…

Listening and Reading People – Two Underappreciated Skills Crucial to ERM Success

When you examine books and online resources about ERM (including my blog), you will find plenty of information on methods for identifying risks, assessing risks, establishing an ERM governance structure, and more. However, what often gets lost is the idea that there are other “soft” skills risk professionals must have in order for ERM to…

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…

Chief Risk Officer: An Increasingly Vital Role in Effective Risk Oversight

The 2019 State of Risk Oversight report from NC State recently came out with some interesting results about the current state of risk management leadership in organizations. The report breaks down results into four different industry-categories – large organizations, public companies, financial institutions, and not-for-profit. Over the last five years, nonprofits have seen the biggest…

Expanding your Abilities with the Growth Mindset

While traveling to a client site last week, I had a really interesting conversation with an attorney sitting next to me on a flight from Atlanta (…I can’t fly anywhere without going through Atlanta first). She talked about a book she had read that talked about grit and a Growth Mindset, which got me thinking……

Disjointed vs. Embedding in Culture and Mindset – A Key Difference Between Traditional Risk Management and ERM

One of the big differences between traditional risk management and ERM is the role risk plays in the organization. I briefly discussed this point at a high-level in my popular article linked above. And while the point of disjointed vs. embedded in culture and mindset is connected to other differences mentioned in the article, the…

ERM professional

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