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Poole College of Management
Enterprise Risk Management Initiative

All Resources

Jan 3, 2011

Impact of Risk Management Failures on the Financial Crisis

A report released by The Financial Crisis Inquiry Commission presents findings and conclusions related to the causes of the 2008-2010 financial and economic crisis in the United States. Failures of corporate governance and risk management at many systemically important financial institutions are among key causes of the crisis, as concluded by the Commission.

Jan 1, 2011

Assessing and Managing Risks Related to Intangible Assets

Given that intangible assets correspond to roughly 80 percent of the value of today's corporations, it is essential that companies improve risk governance practices concerning intangible assets to mitigate against the related risks. In an article from Corporate Finance Review, the authors discuss the evolution of ERM and recommend changes to the management of intangible assets as a way of enhancing enterprise value. In addition, key elements of an ideal oversight system are reviewed.

Dec 21, 2010

Case Study Illustrations of Launching ERM

The AICPA's Business, Industry & Government Team commissioned faculty in the ERM Initiative to develop case study illustrations of how organizations have successfully launched ERM. Case Studies on ERM Implementations: Practical Illustrations for Launching Effective Enterprise Risk Oversight takes readers directly into the experience of a company as it is starting ERM and details each step of initiating and implementing enterprise-wide risk oversight. The central case study highlights several practical illustrations for jump-starting ERM. The guide also includes two shorter case studies to further enhance your understanding of ERM implementation.

Dec 1, 2010

A Four-Step Risk Approach to Strategy Execution

Organizations are seeing the value of adopting a risk-based approach to execute strategies in order to survive in a post-recession world. This approach enables managers to focus on opportunities in strategic plans, as well as minimizing the potential impact of threats. A recent article in the Journal of Business Strategy outlines four steps to execute a strategy using a risk-based approach.

Sep 30, 2010

Data Risk Management – Applying a Holistic Approach

Due to the increasing costs associated with protecting and maintaining data, a holistic approach to data risk management is becoming essential to organizations. A whitepaper published by IBM discusses the framework and practices involved in using a holistic approach for implementing data risk management programs across organizations.

Sep 1, 2010

Risk Management Practices that are Working for Public and Private Sectors

The Department of Homeland Security Office of Risk Management and Analysis conducted a survey to see what actions are being taken by both public and private sector organizations with respect to their enterprise risk management efforts. They found that there is a focus on integrating risk management and analysis across organizations, finding how risk management is aligned within the organizational structure, and which risk analysis techniques are seen as successful from the participants. Some of the major contrasts between the public and private sector participants are highlighted as well.

Jul 1, 2010

How Did BP’s Risk Management Lead to Failure?

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.

Jul 1, 2010

Balancing Risk Appetite and Strategy Execution

Good risk management involves making informed and rational decisions considering the risks the company wants to take in pursuit of its objectives and regarding the measures used to mitigate and manage risks. This publication explores how companies can effectively define risk appetite, risk tolerance, and risk targets to execute strategies and perform effective risk management to gain a competitive advantage.

Jun 28, 2010

Aligning Risk Appetite and Risk Exposure

The devastating effects of the global credit crisis can be linked to the failure of organizations to embed risk management within the foundation of strategic and operational processes. Now, increased pressures from all around call for an integrated and aligned approach to risk management. This white-paper explores how organizations can effectively align performance and risk management processes to not only reduce risk but also embrace opportunities.

Jun 11, 2010

Current State of the Internal Audit Profession and Risk Oversight

Discover PwC's 6th annual internal audit profession report, revealing insights from over 2,000 auditors across 50+ territories.