Corporate Value of Enterprise Risk Management

The Next Step in Business Management


Author: Sim Segal

Publisher: John Wiley & Sons

ISBN: 0470882549

Category: Business & Economics

Page: 432

View: 566

-How to integrate ERM information into decision-making processes --

Practical Enterprise Risk Management

A Business Process Approach


Author: Gregory H. Duckert

Publisher: John Wiley & Sons

ISBN: 9780470892534

Category: Business & Economics

Page: 288

View: 3358

The most practical and sensible way to implement ERM-while avoiding all of the classic mistakes Emphasizing an enterprise risk management approach that utilizes actual business data to estimate the probability and impact of key risks in an organization, Practical Enterprise Risk Management: A Business Process Approach boils this topic down to make it accessible to both line managers and high level executives alike. The key lessons involve basing risk estimates and prevention techniques on known quantities rather than subjective estimates, which many popular ERM methodologies consist of. Shows readers how to look at real results and actual business processes to get to the root cause of key risks Explains how to manage risks based on an understanding of the problem rather than best guess estimates Emphasizes a focus on potential outcomes from existing processes, as well as a look at actual outcomes over time Throughout, practical examples are included from various healthcare, manufacturing, and retail industries that demonstrate key concepts, implementation guidance to get started, as well as tables of risk indicators and metrics, physical structure diagrams, and graphs.

COSO Enterprise Risk Management

Establishing Effective Governance, Risk, and Compliance Processes


Author: Robert R. Moeller

Publisher: John Wiley & Sons

ISBN: 1118102541

Category: Business & Economics

Page: 384

View: 9197

A fully updated, step-by-step guide for implementing COSO'sEnterprise Risk Management COSO Enterprise Risk Management, Second Edition clearlyenables organizations of all types and sizes to understand andbetter manage their risk environments and make better decisionsthrough use of the COSO ERM framework. The Second Editiondiscusses the latest trends and pronouncements that have affectedCOSO ERM and explores new topics, including the PCAOB's release ofAS5; ISACA's recently revised CobiT; and the recently released IIAStandards. Offers you expert advice on how to carry out internal controlresponsibilities more efficiently Updates you on the ins and outs of the COSO Report and itsemergence as the new platform for understanding all aspects of riskin today's organization Shows you how an effective risk management program, followingCOSO ERM, can help your organization to better comply with theSarbanes-Oxley Act Knowledgeably explains how to implement an effective ERMprogram Preparing professionals develop and follow an effective riskculture, COSO Enterprise Risk Management, Second Edition isthe fully revised, invaluable working resource that will show youhow to identify risks, avoid pitfalls within your corporation, andkeep it moving ahead of the competition.

Financial Enterprise Risk Management


Author: Paul Sweeting

Publisher: Cambridge University Press

ISBN: 1139501747

Category: Mathematics

Page: N.A

View: 3057

Financial Enterprise Risk Management provides all the tools needed to build and maintain a comprehensive ERM framework. As well as outlining the construction of such frameworks, it discusses the internal and external contexts within which risk management must be carried out. It also covers a range of qualitative and quantitative techniques that can be used to identify, model and measure risks, and describes a range of risk mitigation strategies. Over 100 diagrams are used to help describe the range of approaches available, and risk management issues are further highlighted by various case studies. A number of proprietary, advisory and mandatory risk management frameworks are also discussed, including Solvency II, Basel III and ISO 31000:2009. This book is an excellent resource for actuarial students studying for examinations, for risk management practitioners and for any academic looking for an up-to-date reference to current techniques.

Application of Enterprise Risk Management at Airports


Author: N.A

Publisher: Transportation Research Board

ISBN: 0309258510

Category: Airports

Page: 63

View: 9654

TRB's Airport Cooperative Research Program (ACRP) Report 74: Application of Enterprise Risk Management at Airports summarizes the principles and benefits of enterprise risk management (ERM) and its application to airports. The report discusses implementation of the iterative ERM process, including roles and responsibilities from airport governing boards to all staff members. The project that developed ACRP Report 74 also developed an electronic tool that can be used to support the ERM process by creating a risk score and a risk map that can be used to identify mitigation strategies. The tool is included in CD-ROM format with the print version of the report.

Practical Enterprise Risk Management

How to Optimize Business Strategies Through Managed Risk Taking


Author: Liz Taylor

Publisher: Kogan Page Publishers

ISBN: 0749470542

Category: Business & Economics

Page: 328

View: 8379

Practical Enterprise Risk Management addresses the real need for organizations to take more managed risks in order to maximize business strategies and achieve long term goals. Based on ISO 31000 and applying current best practice, it provides templates and examples that can be adapted for any industry. Breaking down the theory on enterprise risk management, it helps you see risk as both an opportunity and a threat whilst giving you guidance on how to implement it. It provides models for Risk Adjusted Return on Capital to evaluate R.O.I and measure performance, advice on emergent risks, as well as best practice and advice on risk communication, transparency and protecting the brand. Including a comprehensive overview of risk management responsibilities for boards, Practical Enterprise Risk Management lifts the lid on the whole process, helping you to embed ERM into your organization, reach your goals and take more, and more effective, managed risks.

Enterprise Risk Management

Today's Leading Research and Best Practices for Tomorrow's Executives


Author: John Fraser,Betty Simkins

Publisher: John Wiley & Sons

ISBN: 9780470564257

Category: Business & Economics

Page: 608

View: 2723

Essential insights on the various aspects of enterprise risk management If you want to understand enterprise risk management from some of the leading academics and practitioners of this exciting new methodology, Enterprise Risk Management is the book for you. Through in-depth insights into what practitioners of this evolving business practice are actually doing as well as anticipating what needs to be taught on the topic, John Fraser and Betty Simkins have sought out the leading experts in this field to clearly explain what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities. In this book, the authors take a broad view of ERM, or what is called a holistic approach to ERM. Enterprise Risk Management introduces you to the wide range of concepts and techniques for managing risk in a holistic way that correctly identifies risks and prioritizes the appropriate responses. This invaluable guide offers a broad overview of the different types of techniques: the role of the board, risk tolerances, risk profiles, risk workshops, and allocation of resources, while focusing on the principles that determine business success. This comprehensive resource also provides a thorough introduction to enterprise risk management as it relates to credit, market, and operational risk, as well as the evolving requirements of the rating agencies and their importance to the overall risk management in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing enterprise risk management. Discusses the history of risk management and more recently developed enterprise risk management practices and how you can prudently implement these techniques within the context of your underlying business activities Provides coverage of topics such as the role of the chief risk officer, the use of anonymous voting technology, and risk indicators and their role in risk management Explores the culture and practices of enterprise risk management without getting bogged down by the mathematics surrounding the more conventional approaches to financial risk management This informative guide will help you unlock the incredible potential of enterprise risk management, which has been described as a proxy for good management.

Implementing Enterprise Risk Management

Case Studies and Best Practices


Author: John Fraser,Betty Simkins,Kristina Narvaez

Publisher: John Wiley & Sons

ISBN: 1118691962

Category: Business & Economics

Page: 688

View: 6174

Enterprise Risk Management

A Common Framework for the Entire Organization


Author: Philip E. J. Green

Publisher: Butterworth-Heinemann

ISBN: 0128006765

Category: Business & Economics

Page: 260

View: 9595

Enterprise Risk Management: A Common Framework for the Entire Organization discusses the many types of risks all businesses face. It reviews various categories of risk, including financial, cyber, health, safety and environmental, brand, supply chain, political, and strategic risks and many others. It provides a common framework and terminology for managing these risks to build an effective enterprise risk management system. This enables companies to prevent major risk events, detect them when they happen, and to respond quickly, appropriately, and resiliently. The book solves the problem of differing strategies, techniques, and terminology within an organization and between different risk specialties by presenting the core principles common to managing all types of risks, while also showing how these principles apply to physical, financial, brand, and global strategy risks. Enterprise Risk Management is ideal for executives and managers across the entire organization, providing the comprehensive understanding they need, in everyday language, to successfully navigate, manage, and mitigate the complex risks they face in today’s global market. Provides a framework on which to build an enterprise-wide system to manage risk and potential losses in business settings Solves the problem of differing strategies, techniques, and terminology within an organization by presenting the core principles common to managing all types of risks Offers principles which apply to physical, financial, brand, and global strategy risks Presents useful, building block information in everyday language for both managers and risk practitioners across the entire organization

Making Enterprise Risk Management Pay Off


Author: Thomas L. Barton,William G. Shenkir,Paul L. Walker

Publisher: FT Press

ISBN: 9780130087546

Category: Business & Economics

Page: 257

View: 6829

Making Enterprise Risk Management Pay Off shows how top companies are transforming risk management into an integrated, continuous, broadly focused discipline that identifies and assesses risks more effectively, responds more precisely, and discovers not just "downsides" but breakthrough opportunities as well. Through five wide-ranging case studies - Chase Manhattan, Microsoft, DuPont, Unocal, and United Grain Growers - you'll learn powerful new risk management techniques that span the entire enterprise, and deliver unprecedented business value.