ERM standard

ERM to Company Misalignment: Square Pegs Don’t Fit in Round Holes

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…
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ERM standards

Making Sense of ERM Standards in a Volatile and Dynamic Environment

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…
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COSO ERM Framework – Background & Overview

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…
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ERM standard

The ISO 31000 ERM Standard – Background & Overview

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…
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