Implementing an Enterprise Risk Management Program
1 hour 5 minutes
Learn the key pieces needed before embarking on enterprise risk assessment.
How much risk do we have, what types of risk do we have, where is that risk, and how is it trending? These are questions organizations must ask themselves while at the same time asking, ‘Will we achieve our strategic objectives?’ Enterprise Risk Management is here to address these questions.
Many organizations are implementing ERM for the first time but are struggling with how to implement ERM since it is a less mature discipline. This presentation will help the persons responsible for Enterprise Risk Management learn the steps to effective implementation. The topic explains the key pieces that need to be in place before embarking on the first risk assessment. Failing to have the right elements in place at the right time can lead to setbacks and wasted resources. This presentation is critical to anyone seeking to implement an Enterprise Risk Management program.
• You will be able to identify the steps necessary to implement ERM.
• You will be able to discuss the importance of governance and foundational elements of ERM.
• You will be able to explain the difference between risk-centric ERM and objective-centric ERM.
• You will be able to describe the importance of having a shared vision for your ERM program