Search results for: risk-management-in-organizations

Risk Management in Organizations

Author : Margaret Woods
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In any organization, risk plays a huge role in the success or failure of any business endeavour. Measuring and managing risk is a difficult and often complicated task and the global financial crisis of the late noughties can be traced to a worldwide deficiency in risk management regimes. One of the problems in understanding how best to manage risk is a lack of detailed examples of real world practice. In this accessible textbook the author sets the world of risk management in the context of the broader corporate governance agenda, as well as explaining the core elements of a risk management system. Material on the differences between risk management and internal auditing is supplemented by a section on the professionalization of risk – a relatively contemporary evolution. Enterprise risk management is also fully covered. With a detailed array of risk management cases – including Tesco, RBS and the UK government – lecturers will find this a uniquely well researched resource, supplemented by materials that enable the cases to be easily integrated into the classroom. Risk managers will be delighted with the case materials made available for the first time with the publication of this book.

Managing Risk in Organizations

Author : J. Davidson Frame
File Size : 76.24 MB
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Managing Risk in Organizations offers a proven framework forhandling risks across all types of organizations. In thiscomprehensive resource, David Frame—a leading expert in riskmanagement—examines the risks routinely encountered inbusiness, offers prescriptions to assess the effects of variousrisks, and shows how to develop effective strategies to cope withrisks. In addition, the book is filled with practical tools andtechniques used by professional risk practitioners that can bereadily applied by project managers, financial managers, and anymanager or consultant who deals with risk within an organization.Managing Risk in Organizations is filled with illustrativecase studies and Outlines the various types of risk—pure, operational,project, technical, business, and political Reveals what risk management can and cannot accomplish Shows how to organize risk management efforts to conduct riskassessments, manage crises, and recover from disasters Includes a systematic risk management processrisk managementplanning, risk identification, qualitative impact analysis,quantitative impact analysis, risk response planning, andmonitoring control Provides quantitative and qualitative tools to identify andhandle risks This much-needed book will enable organizations to take riskseriously and act proactively.

Enterprise Risk Management Best Practices

Author : Anne M. Marchetti
File Size : 32.28 MB
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High-level guidance for implementing enterprise risk managementin any organization A Practical Guide to Risk Management shows organizations how toimplement an effective ERM solution, starting with seniormanagement and risk and compliance professionals working togetherto categorize and assess risks throughout the enterprise. Detailedguidance is provided on the key risk categories, includingfinancial, operational, reputational, and strategic areas, alongwith practical tips on how to handle risks that overlap acrosscategories. Provides high-level guidance on how to implement enterpriserisk management across any organization Includes discussion of the latest trends and bestpractices Features the role of IT in ERM and the tools that are availablein both assessment and on-going compliance Discusses the key challenges that need to be overcome for asuccessful ERM initiative Walking readers through the creation of ERM architecture andsetting up on-going monitoring and assessement processes, this isan essential book for every CFO, controller and IT manager.


Author : Michael Power
File Size : 60.38 MB
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This collection of essays deals with the situated management of risk in a wide variety of organizational settings - aviation, mental health, railway project management, energy, toy manufacture, financial services, chemicals regulation, and NGOs. Each chapter connects the analysis of risk studies with critical themes in organization studies more generally based on access to, and observations of, actors in the field. The emphasis in these contributions is upon the variety of ways in which organizational actors, in combination with a range of material technologies and artefacts, such as safety reporting systems, risk maps and key risk indicators, accomplish and make sense of the normal work of managing risk - riskwork. In contrast to a preoccupation with disasters and accidents after the event, the volume as whole is focused on the situationally specific character of routine risk management work. It emerges that this riskwork is highly varied, entangled with material artefacts which represent and construct risks and, importantly, is not confined to formal risk management departments or personnel. Each chapter suggest that the distributed nature of this riskwork lives uneasily with formalized risk management protocols and accountability requirements. In addition, riskwork as an organizational process makes contested issues of identity and values readily visible. These 'back stage/back office' encounters with risk are revealed as being as much emotional as they are rationally calculative. Overall, the collection combines constructivist sensibilities about risk objects with a micro-sociological orientation to the study of organizations.

Business Continuity and Risk Management

Author : Kurt J. Engemann
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As an instructor, you have seen business continuity and risk management grow exponentially, offering an exciting array of career possibilities to your students. They need the tools needed to begin their careers -- and to be ready for industry changes and new career paths. You cannot afford to use limited and inflexible teaching materials that might close doors or limit their options. Written with your classroom in mind,Business Continuity and Risk Management: Essentials of Organizational Resilience is the flexible, modular textbook you have been seeking -- combining business continuity and risk management. Full educator-designed teaching materials available for download. From years of experience teaching and consulting in Business Continuity and Risk, Kurt J. Engemann and Douglas M. Henderson explain everything clearly without extra words or extraneous philosophy. Your students will grasp and apply the main ideas quickly. They will feel that the authors wrote this textbook with them specifically in mind -- as if their questions are answered even before they ask them. Covering both Business Continuity and Risk Management and how these two bodies of knowledge and practice interface, Business Continuity and Risk Management: Essentials of Organizational Resilience is a state-of-the-art textbook designed to be easy for the student to understand -- and for you, as instructor, to present. Flexible, modular design allows you to customize a study plan with chapters covering: Business Continuity and Risk principles and practices. Information Technology and Information Security. Emergency Response and Crisis Management. Risk Modeling – in-depth instructions for students needing the statistical underpinnings in Risk Management. Global Standards and Best Practices Two real-world case studies are integrated throughout the text to give future managers experience in applying chapter principles to a service company and a manufacturer. Chapter objectives, discussion topics, review questions, numerous charts and graphs. Glossary and Index. Full bibliography at the end of each chapter. Extensive, downloadable classroom-tested Instructor Resources are available for college courses and professional development training, including slides, syllabi, test bank, discussion questions, and case studies. Endorsed by The Business Continuity Institute (BCI) and The Institute of Risk Management (IRM). QUOTES "It's difficult to write a book that serves both academia and practitioners, but this text provides a firm foundation for novices and a valuable reference for experienced professionals."--Security Management Magazine "The authors...bring the subject to life with rich teaching and learning features, making it an essential read for students and practitioners alike." – Phil AUTHOR BIOS Kurt J. Engemann, PhD, CBCP, is the Director of the Center for Business Continuity and Risk Management and Professor of Information Systems in the Hagan School of Business at Iona College. He is the editor-in-chief of the International Journal of Business Continuity and Risk Management Douglas M. Henderson, FSA, CBCP, is President of Disaster Management, Inc., and has 20+ years of consulting experience in all areas of Business Continuity and Emergency Response Management. He is the author of Is Your Business Ready for the Next Disaster? and a number of templates.

ERM Enterprise Risk Management

Author : Jean-Paul Louisot
File Size : 85.15 MB
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A wealth of international case studies illustrating current issues and emerging best practices in enterprise risk management Despite enterprise risk management's relative newness as a recognized business discipline, the marketplace is replete with guides and references for ERM practitioners. Yet, until now, few case studies illustrating ERM in action have appeared in the literature. One reason for this is that, until recently, there were many disparate, even conflicting definitions of what, exactly ERM is and, more importantly, how organizations can use it to utmost advantage. With efforts underway, internationally, to mandate ERM and to standardize ERM standards and practices, the need has never been greater for an authoritative resource offering risk management professionals authoritative coverage of the full array of contemporary ERM issues and challenges. Written by two recognized international thought leaders in the field, ERM-Enterprise Risk Management provides that and much more. Packed with international cases studies illustrating ERM best practices applicable across all industry sectors and business models Explores contemporary issues, including quantitative and qualitative measures, as well as potential pitfalls and challenges facing today's enterprise risk managers Includes interviews with leading risk management theorists and practitioners, as well as risk managers from a variety of industries An indispensable working resource for risk management practitioners everywhere and a valuable reference for researchers, providing the latest empirical evidence and an exhaustive bibliography

Risk Management In Organizations

Author : Gracie Bokanovich
File Size : 90.12 MB
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Leaders of organizations must manage risks for the entity to stay in business. Most would say that managing risks is just a normal part of running a business. So, if risk management is already occurring in these organizations, what's the point of "enterprise risk management" (also known as "ERM")? Showing readers in charge of monitoring operational exposures in corporations, nonprofit organizations, and government agencies how they can best determine and balance opportunities against the possibilities of loss, this book provides clear strategies to help readers: - recognize both internal and external exposures - understand important concepts such as risk mapping and risk identification - recognize the weaknesses of current ERM systems - align risk opportunities with their organization's business model - stay in line with Sarbanes-Oxley compliance The book introduces innovative new concepts such as hierarchical risk structures, alignment of risks with the business model, creation of a central risk function, and the role of an ERM knowledge warehouse. Featuring enlightening case studies and practical exercises, this essential book shows readers how they can implement ERM the right way at their organizations.

Risk Management for Project Driven Organizations

Author : Andy Jordan
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Organizations invest a lot of time, money, and energy into developing and utilizing risk management practices as part of their project management disciplines. Yet, when you move beyond the project to the program, portfolio, PMO and even organizational level, that same level of risk command and control rarely exists. With this in mind, well-known subject matter expert and author Andy Jordan starts where most leave off. He explores risk management in detail at the portfolio, program, and PMO levels. Using an engaging and easy-to-read writing style, Mr. Jordan takes readers from concepts to a process model, and then to the application of that customizable model in the user’s unique environment, helping dramatically improve their risk command and control at the organizational level. He also provides a detailed discussion of some of the challenges involved in this process. Risk Management for Project Driven Organizations is designed to aid strategic C-level decision makers and those involved in the project, program, portfolio, and PMO levels of an organization. J. Ross Publishing offers an add-on for a nominal fee -- Downloadable tools and templates for easy customization and implementation.

Risk Management Handbook for Health Care Organizations 3 Volume Set

Author : American Society for Healthcare Risk Management (ASHRM)
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Continuing its superiority in the health care risk management field, this sixth edition of The Risk Management Handbook for Health Care Organizations is written by the key practitioners and consultant in the field. It contains more practical chapters and health care examples and additional material on methods and techniques of risk reduction and management. It also revises the structure of the previous edition, and focuses on operational and organizational structure rather than risk areas and functions. The three volumes are written using a practical and user-friendly approach.

Risk Based Performance Management

Author : A. Smart
File Size : 40.94 MB
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Pulling together into a single framework the two separate disciplines of strategy management and risk management, this book provides a practical guide for organizations to shape and execute sustainable strategies with full understanding of how much risk they are willing to accept in pursuit of strategic goals.

Risk Assessment for Mid Sized Organisations

Author : Scott McKay
File Size : 32.20 MB
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Companies often struggle with the concept of enterprise risk management. The heart of ERM is the risk assessment process that has evolved from the COSO framework. This resource offers practical examples and explanations that lay out a clearly defined framework for approaching enterprise risk management from start to finish. It identifies risk at the entity level in small and medium size enterprises, and allows you to develop a tailored approach to an organization’s risk management requirements. The publication features tightly written strategies and helpful diagrams that translate COSO guidelines into tactical plans and it includes a free download containing: A set of Excel worksheets that show how following the ERM tactics will impact quantitative financial measurements A PowerPoint presentation for training staff that are involved in the ERM process Together this approach will allow you to create a solid structure for a risk management process that helps you avoid the internal and external risks that damaged so many organizations in the recent past. You will be able to: Create a common language to define, identify, evaluate, and manage risk Establish and agree on risk tolerances and risk appetite Identify risk management expectations, current gaps, and risk owners Leverage cross-functional expertise to manage risk to within acceptable levels

Implementing Enterprise Risk Management

Author : John Fraser
File Size : 47.98 MB
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Overcome ERM implementation challenges by taking cues from leading global organizations Implementing Enterprise Risk Management is a practical guide to establishing an effective ERM system by applying best practices at a granular level. Case studies of leading organizations including Mars, Statoil, LEGO, British Columbia Lottery Corporation, and Astro illustrate the real-world implementation of ERM on a macro level, while also addressing how ERM informs the response to specific incidents. Readers will learn how top companies are effectively constructing ERM systems to positively drive financial growth and manage operational and outside risk factors. By addressing the challenges of adopting ERM in large organizations with different functioning silos and well-established processes, this guide provides expert insight into fitting the new framework into cultures resistant to change. Enterprise risk management covers accidental losses as well as financial, strategic, operational, and other risks. Recent economic and financial market volatility has fueled a heightened interest in ERM, and regulators and investors have begun to scrutinize companies' risk-management policies and procedures. Implementing Enterprise Risk Management provides clear, demonstrative instruction on establishing a strong, effective system. Readers will learn to: Put the right people in the right places to build a strong ERM framework Establish an ERM system in the face of cultural, logistical, and historical challenges Create a common language and reporting system for communicating key risk indicators Create a risk-aware culture without discouraging beneficial risk-taking behaviors ERM is a complex endeavor, requiring expert planning, organization, and leadership, with the goal of steering a company's activities in a direction that minimizes the effects of risk on financial value and performance. Corporate boards are increasingly required to review and report on the adequacy of ERM in the organizations they administer, and Implementing Enterprise Risk Management offers operative guidance for creating a program that will pass muster.

Risk Management in Organizations

Author : Margaret Woods
File Size : 31.5 MB
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In any organization, risk plays a huge role in the success or failure of any business endeavour. Measuring and managing risk is a difficult and often complicated task and the global financial crisis of the late noughties can be traced to a worldwide deficiency in risk management regimes. One of the problems in understanding how best to manage risk is a lack of detailed examples of real world practice. In this accessible textbook the author sets the world of risk management in the context of the broader corporate governance agenda, as well as explaining the core elements of a risk management system. Material on the differences between risk management and internal auditing is supplemented by a section on the professionalization of risk âe" a relatively contemporary evolution. Enterprise risk management is also fully covered. With a detailed array of risk management cases âe" including Tesco, RBS and the UK government âe" lecturers will find this a uniquely well researched resource, supplemented by materials that enable the cases to be easily integrated into the classroom. Risk managers will be delighted with the case materials made available for the first time with the publication of this book.

Ethics Governance and Risk Management in Organizations

Author : Intan Marzita Saidon
File Size : 75.79 MB
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This book brings together research works, ideas, critical reviews and strategic proposals encompassing various ethical and corporate governance issues in workplaces and organizations around the globe. For the most part, organizations are managed by policies, guidelines and systems. Good ethics and solid corporate governance help to tie these three elements together so that an effective and successful organization is established. Alongside corporate governance, ethics play an integral role in ensuring the long term survival of businesses. Multidisciplinary in approach, this book provides a platform for scholars and researchers from various backgrounds and interdisciplinary expertise to showcase their research work, ideas, critical review and strategic proposals on the ethical aspects, governance and risk management issues in organizations. The book includes discussions of ethical issues in a variety of organizations around the globe including the non-profit and non-governmental sector and also provides readers with ideas, guidelines and strategic recommendations for handling such issues.

Organizational Risk Management

Author : Kurt Engemann
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Organizational Risk Management: Managing for Uncertainty and Ambiguity serves to extend the discussion of risk established by the rest of this book series toward the roles of uncertainty and ambiguity in organizations. The content of this volume will oftentimes challenge the expectation for and utility of clarity in crisis situations, thereby favoring uncertainty and ambiguity as the necessary conditions to exploit organizational risk. As such, this volume seeks balance among traditional and contemporary perspectives on risk and reliability in organizations. This volume specifically explores opportunities in organizations to apply uncertainty and ambiguity for desired operational outcomes. These opportunities - such as, organizational structures and processes, team meetings, and so on - rely on interpretation, learning, and knowledge among individuals. With contributions from scholars and practitioners, this volume will situate concepts and theories alongside their tangible applications. The ultimate objective of Organizational Risk Management: Managing for Uncertainty and Ambiguity is to promote discussion among practitioners and organizational scholars who venture to understand organizational risk. Setting such a goal is to essentially practice what this volume shall inevitably preach: engage one another in order to proactively monitor and respond to risk. Strengthening ties along the bridge between practice and science will be a welcomed consequence of this volume.

Operational Risk Management

Author : Philippa X. Girling
File Size : 35.38 MB
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A best practices guide to all of the elements of an effective operational risk framework While many organizations know how important operational risks are, they still continue to struggle with the best ways to identify and manage them. Organizations of all sizes and in all industries need best practices for identifying and managing key operational risks, if they intend on exceling in today's dynamic environment. Operational Risk Management fills this need by providing both the new and experienced operational risk professional with all of the tools and best practices needed to implement a successful operational risk framework. It also provides real-life examples of successful methods and tools you can use while facing the cultural challenges that are prevalent in this field. Contains informative post-mortems on some of the most notorious operational risk events of our time Explores the future of operational risk in the current regulatory environment Written by a recognized global expert on operational risk An effective operational risk framework is essential for today's organizations. This book will put you in a better position to develop one and use it to identify, assess, control, and mitigate any potential risks of this nature.

Aviation Risk and Safety Management

Author : Roland Müller
File Size : 44.78 MB
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The International Civil Aviation Organization’s (ICAO) decision to require aviation organizations to adopt Safety Management Systems poses a major problem especially for small and medium sized aviation companies. The complexity of regulations overstrains the aviation stakeholders who seek to fully advantage from them but have no clear guidance. The aim of the book is to show the implementation of such a new system with pragmatic effort in order to gain a gradation for smaller operators. This approach should illustrate the leeway in order to adapt the processes and to show the interfaces between Corporate Risk Management and Safety Management. The book shows how to build a system with reasonable effort, appropriate to the size and complexity of the specific operator. It also gives inputs on the key aspects and how to effectively operate such a system with the various interfaces. Furthermore, the book highlights the importance of Corporate Risk Management independent of Safety Management Systems based on ICAO.

The Role of Regional Organizations in Disaster Risk Management

Author : S. Hollis
File Size : 57.70 MB
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The use of regional organizations to mitigate and respond to disasters has become a global trend. This book examines the role regional organizations play in managing disaster risk through a comparative study of ten regional organizations, demonstrating their current limitations and future potential.

People Risk Management

Author : Keith Blacker
File Size : 78.49 MB
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People Risk Management provides unique depth to a topic that has garnered intense interest in recent years. Based on the latest thinking in corporate governance, behavioural economics, human resources and operational risk, people risk can be defined as the risk that people do not follow the organization's procedures, practices and/or rules, thus deviating from expected behaviour in a way that could damage the business's performance and reputation. From fraud to bad business decisions, illegal activity to lax corporate governance, people risk - often called conduct risk - presents a growing challenge in today's complex, dispersed business organizations. Framed by corporate events and challenges and including case studies from the LIBOR rate scandal, the BP oil spill, Lehman Brothers, Royal Bank of Scotland and Enron, People Risk Management provides best-practice guidance to managing risks associated with the behaviour of both employees and those outside a company. It offers practical tools, real-world examples, solutions and insights into how to implement an effective people risk management framework within an organization.

Success Stories

Author : Kristina Narvaez
File Size : 27.99 MB
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This book is a Six Step Approach to show how to develop and implement an Enterprise Risk Management Program within your organization. This book will cover how various public entities are addressing risk identification, risk assessment, risk analysis, implementation of their ERM program, monitoring and evaluating their ERM program. Examples are taken from public entities that are using Enterprise Risk Management in their organizations: Department of Homeland Security, Center for Disease Control and Prevention, Department of Education, University of California, State of Washington, Penn State University, British Columbia, Dallas Fort Worth International Airport, Washington State Department of Transportation, San Francisco International Airport, MassDevelopment, Dakota County, Minnesota, and Longmont, Colorado. Enterprise Risk Management is able to improve the strategic decision making of an organization by addressing strengths, weaknesses, threats and opportunities in a way that integrates risk management and the strategic planning process.The ERM process is different because it allows organizations to establish internal and external contexts, assess risks, choose appropriate treatments, and then monitor the treatment to the organization's strategic goals. This allows all stakeholders of an organization to have a clear picture of all the risks that could impact their strategic plan within their organization. By identifying all the risks, the organization now has the ability to quantify critical risks and prioritize their risk treatment. When threats and opportunities are understood across the organization, managers will make better decisions that in turn only improve their department's goals but also positively impact the entire organization. The benefits of implementing an ERM program within your organization include: 1) enhanced decision making 2) increased sustainability 3) reduced volatility 4) improved ability to meet strategic goals 5) increased management accountability 6) breaking silos-seeing risk from a holistic approach 7) develop business continuity. A strong ERM program encourages the buy-in of an organization's internal and external stakeholders by establishing strategies, that protect the organization's reputation and assets. No risk management plan is perfect, but an organization that is prepared to identify, assess, analyze, implement, monitor, and evaluate all risks and is willing to work on improving those risk conditions will benefit from an ERM program