Enterprise Risk Management Straight To The Value

Author : Al Decker,Donna Galer
Publisher : Createspace Independent Publishing Platform
Page : 0 pages
File Size : 55,7 Mb
Release : 2013-01-28
Category : Risk management
ISBN : 1481287788

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Enterprise Risk Management - Straight to the Point by Al Decker,Donna Galer Pdf

This book clearly and concisely describes a real world approach to use in determining how business risk can affect top priority business strategies and how to develop action plans for addressing them through Enterprise Risk Management (ERM). It can be a valuable reference tool for Board Directors, Corporate Executives, CROs, Risk Managers or anyone in a leadership position. This book, and its companion book Enterprise Risk Management - Straight to the Value, will give you a methodology for managing the organization's most critical risks thus enabling the enterprise to meet its strategic goals and objectives. It was made to be shared among executive teams or members of risk committees so they are all working from a common vocabulary and understanding of ERM. The link between strategy and ERM is well illustrated in the case study. Straight To The Point clearly explains the steps necessary to achieve an effective ERM process through a unique methodology for identifying and prioritizing risks across business functions. It provides tools including, an initial set of risks by functions, sample reports and a case study that ties everything together thus providing the reader with a practical guide for implementing ERM. Here is a synopsis of the contents. Part I - ERM Guide Points: Guide Points to consider when developing an effective ERM process plan, including selling the concept, how to tie ERM to strategy, and democratizing management of enterprise risks. Part II - ERM Process Points: A unique methodology for: - Identifying risks from practical business perspectives - Leveling the playing field for prioritizing risks consistently across the enterprise - Developing business process based mitigation - Effective monitoring and reporting Part III - ERM Function by Function: Describes five major business functions that are common to most organizations emphasizing that ERM is far more than just financial risk. Part IV - Case Study: A real world based case study that follows the methods described in this book and ties it all together.

Author : Al Decker,Donna Galer
Publisher : CreateSpace
Page : 222 pages
File Size : 43,5 Mb
Release : 2015-08-21
Category : Electronic
ISBN : 1516837584

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Enterprise Risk Management - Straight to the Value by Al Decker,Donna Galer Pdf

The purpose of this book is to provide a clear and broad analysis and approach to uncovering the value that an enterprise risk management process can create: By showing where and how to find the value of ERM in your organization; By explaining how to show that value in more measurable terms; By helping the CRO or ERM champion to articulate the value of ERM to those who may be skeptical of the benefits or the process; And ultimately, how ERM helps ensure strategies and objectives are met. This book will show the value ERM provides in quantitative and qualitative terms and how to recognize and/or measure both. It will illustrate how ERM provides value in real business activities such as: 1) Mergers and Acquisitions, 2) Human Resource Management, 3) Supply Chain Management, 4) Corporate Strategy development, 5) Marketing Ventures and 6) Change Management, among others. Straight to the Value will also help the CRO or ERM champion to articulate the value of ERM to those who may be skeptical of the benefits or the process. Whether quantifiable or not, some of ERM's benefits include: greater alignment with the strategic direction across the organization, increased ability to meet objectives through reduced risk, enhanced reputation among stakeholders, lowered total cost of risk. Readers will appreciate the clear and concise way in which the value of ERM is discussed and examples are described.

Author : David L Olson,Desheng Dash Wu
Publisher : World Scientific Publishing Company
Page : 244 pages
File Size : 55,8 Mb
Release : 2015-01-21
Category : Business & Economics
ISBN : 9789814632782

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Enterprise Risk Management by David L Olson,Desheng Dash Wu Pdf

Risk is inherent in business. Without risk, there would be no motivation to conduct business. But a key principle is that organizations should accept risks that they are competent enough to deal with, and “outsource” other risks to those who are more competent to deal with them (such as insurance companies). Enterprise Risk Management (2nd Edition) approaches enterprise risk management from the perspectives of accounting, supply chains, and disaster management, in addition to the core perspective of finance. While the first edition included the perspective of information systems, the second edition views this as part of supply chain management or else focused on technological specifics. It discusses analytical tools available to assess risk, such as balanced scorecards, risk matrices, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures.

Author : James Lam
Publisher : John Wiley & Sons
Page : 439 pages
File Size : 44,9 Mb
Release : 2017-03-27
Category : Business & Economics
ISBN : 9780471745198

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Implementing Enterprise Risk Management by James Lam Pdf

A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed.

Author : Sim Segal
Publisher : John Wiley & Sons
Page : 439 pages
File Size : 52,6 Mb
Release : 2011-02-11
Category : Business & Economics
ISBN : 9781118023303

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Corporate Value of Enterprise Risk Management by Sim Segal Pdf

The ultimate guide to maximizing shareholder value through ERM The first book to introduce an emerging approach synthesizing ERM and value-based management, Corporate Value of Enterprise Risk Management clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes. A hot topic in the wake of a series of corporate scandals as well as the financial crisis Looks at ERM as a way to deliver on the promise of balancing risk and return A practical guide for corporate Chief Risk Officers (CROs) and other business professionals seeking to successfully implement ERM ERM is here to stay. Sharing his unique insights and experiences as a recognized global thought leader in this field, author Sim Segal offers world-class guidance on how your business can successfully implement ERM to protect and increase shareholder value.

Author : James Lam
Publisher : John Wiley & Sons
Page : 432 pages
File Size : 51,9 Mb
Release : 2017-03-13
Category : Business & Economics
ISBN : 9781118235362

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Implementing Enterprise Risk Management by James Lam Pdf

A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed.

Author : Al Decker,Donna Galer
Publisher : Ermsttp. LLC
Page : 150 pages
File Size : 45,9 Mb
Release : 2019-04
Category : Business & Economics
ISBN : 0578478137

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Enterprise Risk Management STRAIGHT TALK FOR NONPROFITS by Al Decker,Donna Galer Pdf

Nonprofits provide valuable help and enrichment to the individuals they serve. Like any other organization, nonprofits are subject to an ever-increasing number of risks. This book can best be described as a practical and concise "how to" guide for nonprofits which want to recognize and limit the effect of risk on their operations and increase their chance for success and survival. This book is for the board of directors, executive directors, staff and volunteers of such organizations as well as students of philanthropy. This book covers: 1) many of the most common strategic and operational risks to nonprofits today, 2) examples of what has happened to organizations which ignore the risks facing them, 3) how to identify, prioritize and mitigate nonprofit risk, 4) possible mitigation strategies for a representative sampling of risks, and 5) tips on how to approach insurance as part of risk mitigation. Also included are a sample risk manual that nonprofits can use in launching an enterprise risk management process and myriad other sample tools for managing risk. The authors of Enterprise Risk Management - Straight Talk For Nonprofits have written two other books on ERM that have been read by business leaders and students in many university risk management programs. Now, they have used their numerous combined experiences as volunteers and consultants to nonprofits in writing this new book.

Author : Sim Segal
Publisher : John Wiley & Sons
Page : 439 pages
File Size : 43,8 Mb
Release : 2011-03-08
Category : Business & Economics
ISBN : 9780470882542

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Corporate Value of Enterprise Risk Management by Sim Segal Pdf

The ultimate guide to maximizing shareholder value through ERM The first book to introduce an emerging approach synthesizing ERM and value-based management, Corporate Value of Enterprise Risk Management clarifies ERM as a strategic business management approach that enhances strategic planning and other decision-making processes. A hot topic in the wake of a series of corporate scandals as well as the financial crisis Looks at ERM as a way to deliver on the promise of balancing risk and return A practical guide for corporate Chief Risk Officers (CROs) and other business professionals seeking to successfully implement ERM ERM is here to stay. Sharing his unique insights and experiences as a recognized global thought leader in this field, author Sim Segal offers world-class guidance on how your business can successfully implement ERM to protect and increase shareholder value.

Author : John R. S. Fraser,Betty Simkins,Kristina Narvaez
Publisher : John Wiley & Sons
Page : 692 pages
File Size : 44,6 Mb
Release : 2014-10-09
Category : Business & Economics
ISBN : 9781118746189

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Implementing Enterprise Risk Management by John R. S. Fraser,Betty Simkins,Kristina Narvaez Pdf

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.

Author : James Lam
Publisher : John Wiley & Sons
Page : 432 pages
File Size : 49,7 Mb
Release : 2017-03-09
Category : Business & Economics
ISBN : 9781118221563

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Implementing Enterprise Risk Management by James Lam Pdf

A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the "what" of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the "how." Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed.

Author : John R. S. Fraser,Betty Simkins
Publisher : John Wiley & Sons
Page : 600 pages
File Size : 43,6 Mb
Release : 2010-01-07
Category : Business & Economics
ISBN : 9780470499085

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Enterprise Risk Management by John R. S. Fraser,Betty Simkins Pdf

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.

Author : Jean-Paul Louisot,Christopher H. Ketcham
Publisher : John Wiley & Sons
Page : 293 pages
File Size : 51,5 Mb
Release : 2014-06-03
Category : Business & Economics
ISBN : 9781118539521

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ERM - Enterprise Risk Management by Jean-Paul Louisot,Christopher H. Ketcham Pdf

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

Author : Terje Aven,Shital Thekdi
Publisher : Routledge
Page : 184 pages
File Size : 55,6 Mb
Release : 2019-12-06
Category : Business & Economics
ISBN : 9780429756757

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Enterprise Risk Management by Terje Aven,Shital Thekdi Pdf

Enterprise Risk Management: Advances on its Foundation and Practice relates the fundamental enterprise risk management (ERM) concepts and current generic risk assessment and management principles that have been influential in redefining the risk field over the last decade. It defines ERM with a particular focus on understanding the nexus between risk, uncertainty, knowledge and performance. The book argues that there is critical need for ERM concepts, principles and methods to adapt to the latest and most influential risk management developments, as there are several issues with outdated ERM theories and practices; problems include the inability to effectively and systematically balance both opportunity and downside performance, or relying too much on narrow probability-based perspectives for risk assessment and decision-making. It expands traditional loss-based risk principles into new and innovative performance-risk frameworks, and presents fundamental risk principles that have recently been developed by the Society for Risk Analysis (SRA). All relevant statistical and risk concepts are clearly explained and interpreted using minimal mathematical notation. The focus of the book is centered around ideas and principles, more than technicalities. The book is primarily intended for risk professionals, researchers and graduate students in the fields of engineering and business, and should also be of interest to executive managers and policy makers with some background in quantitative methods such as statistics.

Author : Anonim
Publisher : Bookboon
Page : 38 pages
File Size : 52,5 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9788776816841

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Enterprise Risk Management by Anonim Pdf

Author : Kenneth C. Fletcher,Thomas H. Stanton
Publisher : Routledge
Page : 164 pages
File Size : 41,8 Mb
Release : 2019-05-08
Category : Political Science
ISBN : 9780429820724

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Public Sector Enterprise Risk Management by Kenneth C. Fletcher,Thomas H. Stanton Pdf

Through a series of case studies and selected special topics, Public Sector Enterprise Risk Management presents examples from leading Enterprise Risk Management (ERM) programs on overcoming bureaucratic obstacles, developing a positive risk culture, and making ERM a valuable part of day-to-day management. Specifically designed to help government risk managers, with concepts and approaches to help them advance risk management beyond the basics, the book: Provides a balanced mix of concepts, instruction and examples; Addresses topics that go beyond the basics of Enterprise Risk Management (ERM) program design and implementation; Includes insights from leading practitioners and other senior officials. Many government organizations can refer to the growing body of materials that provide examples of ERM processes and procedures. Far fewer reference materials and examples exist to help organizations develop a risk-mature organizational culture that is critical to the long-term success and strategic value that ERM represents to government organizations. Public Sector Enterprise Risk Management begins to fill that void and is intended to help public sector risk managers overcome barriers that inhibit ERM from becoming an active contributor to major decisions that top officials must make.