Enterprise Risk Management: Definition and Core Practice

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)