Tools and Techniques for Enterprise Risk Management Execution

Enterprise Risk Management Tools and Techniques

The Institute of Management Accountants has issued a document, “ERM:  Tools and Techniques for Effective Implementation” by Paul L. Walker and William G. Shenkir, that summarizes tools and techniques used by businesses that have effectively implemented an ERM program.  After identifying risks, businesses should focus on risk drivers and utilizing the vast number of tools currently available for managing risks.  Also, the importance of an enterprise-wide approach should be considered when organizations become trapped into managing risks reactively or by use of the silo method.  This document contains numerous practical tools and templates that can be adapted for a variety of organizational settings.

Original Article Source: “ERM: Tools and Techniques for Effective Implementation“, Paul L. Walker and William G. Shenkir, IMA, May 2007. 

Latest Version:  “ERM: Tools and Techniques for Effective Implementation“, Paul L. Walker and William G. Shenkir, IMA, June 02, 2018.