Apr 5, 2024
This article outlines how ERM differs from traditional risk management and how an ERM process can be one of the entity's most important strategic tools.
Jun 7, 2023
This thought paper, "Enhancing Risk Insights by Integrating ESG Perspectives: An Opportunity for ERM Leaders," is intended to help ERM leaders and other executives enhance their organization’s risk insights by strengthening the integration of their ERM and ESG efforts. The paper is based on interviews with ERM leaders who shared insights not only about challenges related to integrating ESG into their ERM processes but also suggestions of a number of opportunities leaders can consider to reap the benefits that can be realized through enhanced ESG considerations.
Feb 23, 2022
Recent events have highlighted the importance of planning for an uncertain future. The ERM Initiative is excited to release this new case study “A Look into The Future with Scenario Planning: A Survey of ERM Practices” that looks at ways multiple organizations use scenario planning to address uncertainty and identify the risks and opportunities that may arise under different conditions.
Jul 14, 2021
Download this set of practical tools and templates that nonprofit organizations can use to advance your risk governance practices.
A video discussion of, "Getting Started with Enterprise Risk Management: A Guide for Nonprofits."
Dec 18, 2017
Learn how supply chain analytics can help businesses prepare for risks, recover from disruptions, and limit losses in the aftermath of events like Hurricane Harvey and other natural disasters.
Nov 10, 2015
ERM Initiative Releases New Thought Paper on Risk Assessment Practices
Feb 1, 2012
Learn how LEGO Group's strategic risk management approach, including Monte Carlo simulations and the PAPA model, enhances decision-making, prioritizes risks, and prepares the company for uncertainty.
Jul 1, 2010
The news has been flooded with updates on the environmental impact of the BP oil spill on the gulf coast and the economic impact on businesses in the surrounding areas. Many are wondering: How could something like this happen? Why has it taken so long to fix? What was BP management thinking? The answers to these questions are centered on one element the financial world has been buzzing about since the financial crisis: risk management. This article points out the critical components of risk management that were absent at BP and compares them to the basic principles any company should employ to successfully manage risks.
Dec 1, 2009
Textron Inc. leverages its DFSS methodology for a robust risk assessment process, improving audit efficiency and aligning risk management with strategic business objectives. Discover how Textron reduced costs and enhanced risk oversight.
Oct 2, 2009
Scott McKay of Cree, Inc. discusses effective ERM strategies, focusing on identifying entity-wide risks, using heat maps for risk assessment, and communicating risk ownership to drive strategic decision-making.