ERM mid-life crisis: how to rejuvenate and validate the program.
Show Notes
ERM mid-life crisis: how to rejuvenate and validate the program.
- The curious juxtaposition of need vs poor take-up.
- Steps in analyzing and fixing poor take-up in ERM programs.
- Several specific fixes for improving the compelling nature of risk information.
- What about “opportunity”? Ref: Innovation.
- What about other risk management sub-disciplines?
- Return to first principles in planning and HQRA.
- Review again the principles of program success (Ep 15).
KEY QUOTE
“The result [of High Quality Risk Assessment] is a body of risk information that is fresh and revelatory, leading to problem solving. When that happens at your risk ID session, it is unmistakable. People see the logic of the method and acknowledge that it is working.”
LINKS
Free introductory course: Innovation: How Can My Organization Get Started?
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
Listen On
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Opportunity and Innovation
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Due Diligence, Risk ID for Major Projects
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Is Financial Risk Management Equivalent to ERM?
ERM, for some, consists solely of Financial Risk Management. Is this sound?