Risk Identification and Assessment
Engaging Management in Risk Identification Processes
Don Pagach, Director of Research for the ERM Initiative at NC State University, interviews Scott Williams, Senior Director of ERM at the Lockheed Martin Corporation, about techniques used across the organization to engage management in the identification of risks to the organization.
Scott highlights the different approaches (i.e., interviews, surveys, workshops and feedback sessions) used across various levels of management to prompt them to think about key risks to the business. Scott also discusses how they organize information obtained about various types of risks to create a consolidated risk universe for the company.