Time to get into the ERM process!
Show Notes
Time to get into the ERM process! Let’s start with definitions that reflect a precise method.
*Definitions: rationale and approach
1. Enterprise Risk Management
2. High Quality Risk Assessment
Significance of High Quality Risk Assessment process
Summary
KEY QUOTE
“One key message here is: do not fall into the trap of trying to lead a risk ID session, much less implement an entire ERM program, where goals and objectives are poorly defined.” (Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation p.32)
LINKS
*My definition of ERM shows a clear process, whose results were praised by the BC Auditor General.
See blog post of Enterprise Risk Management example: 5-part case study of ERM implementation, Camosun College.
E.Robertson Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation (2016)
Listen On
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How to Establish Context
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Why is Risk ID All Over the Map?
Looking carefully at conventional advice, we discover why risk ID can be ineffec -
How to do Risk Identification
The process of risk identification itself. We can go ahead with confidence...