In many cases, a standard framework like the Project Management Book of Knowledge (PMBOK), JAVA for developing computer- and web-based applications, or some other business framework is the correct and best approach to take. When organizations embark on the ERM journey, one of the first (…and biggest) mistakes they make is to simply cut and…Read More
When we are new to something, our natural tendency is to seek out well-established, reputable sources for guidance. As a yummy example, once upon a time, I decided I wanted to make my own homemade chocolate chip cookies. My first step was to refer to the recipe on the back of the bag of Nestle-brand…Read More
Podcast: Play in new window | DownloadThere’s no doubt among risk professionals… ISO 31000 and COSO are the two leading risk management standards in the world today. I previously discussed the fundamentals and background of each standard – check out the separate articles on ISO 31000 and COSO. As promised, the purpose of this article…Read More
The COSO ERM framework is one of two widely accepted risk management standards organizations use to help manage risks in an increasingly turbulent, unpredictable business landscape. We previously discussed the background and a general overview of the other commonly used ERM framework, ISO 31000. COSO, which is short for the Committee of Sponsoring Organizations of…Read More
Since its inception, ISO 31000 has become a widely accepted standard for enterprise risk management by private corporations, government bodies, and nonprofit organizations throughout the world. Although the ISO standard has only been around for 10 years, its origins date back to 1995 when the AS/NZS 4360 standard from Australia and New Zealand was first…Read More
As an enterprise risk management consultant, my goal – and a real passion! – is ensuring companies have the tools they need to identify and properly manage threats and opportunities to business objectives ... Read More
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