Key Components of ERM Articles Page 1 Index: | ERM Library | ERM - Enterprise Risk Management Initiative

August 31, 2021

Mitigating Supply Chain Disruptions and Building Resilience

Global supply chains are larger and more complex than ever. At the same time disruptions that affect supply chains have grown more frequent and severe, exposing vulnerabilities. Companies and policy...

August 31, 2021

Assessing Risks in Third Parties

In today’s dynamic global market, many third-party risks are going undetected—hidden in supplier, distributor and partner relationships. External factors including the COVID-19 pandemic and increasing attention among government...

August 31, 2021

Discussion about the Importance of Integrating ERM and Strategy

The value proposition for ERM goes up exponentially the more executives integrate their discussions of risks in the context of the strategy of the business. Too often ERM programs...

August 16, 2021

Strengthening Operational Resilience in a Post-Pandemic Environment

In a post-pandemic environment, organizations worldwide are implementing risk management strategies to create more resilient future operations. Operational resilience is the organization’s ability to prepare responses to be in...

July 20, 2021

Podcast on Enhancing the Strategic Value of Risk Oversight

Mark Beasley, KPMG Professor and Director of the ERM Initiative, is interviewed by Michael Keegan in a “Business of Government Hour” podcast hosted by the IBM Center for The Business...

April 28, 2021

Overview of the National Risk Management Center at the Department of Homeland Security

The National Risk Management Center (NRMC) within the U.S. Department of Homeland Security’s Cybersecurity & Infrastructure Security Agency (CISA) works closely with the critical infrastructure community to...

March 23, 2021

Engaging Enterprise Resiliency Teams

An Interview with Kate Kraycirik, Director of ERM at The University of Texas MD Anderson Cancer Center

March 18, 2021

Lessons Learned: How COVID Shaped Business Decision Making in 2020

Mark Beasley, KPMG Professor of Accounting and Director of the ERM Initiative, moderated a panel of experts from Poole College of Management, Oracle and SteelFab who took a deep dive...

January 4, 2021

Improving Management Review Controls

One of the primary ways an organization responds to risks is by implementing internal control policies and procedures to help prevent or deter a risk from occurring or to help...

July 7, 2020

Getting Your Arms Around Risk Appetite

Most people understand the overarching concept of risk appetite. They recognize that risk appetite should reflect the organization’s stakeholder willingness to take risks that management and the board use...

June 16, 2020

COSO’s Thought Paper on Risk Appetite

COSO has released a new thought paper, Risk Appetite – Critical to Success, that provides guidance to help executives and boards understand and articulate the organization’s risk appetite. The document...

May 28, 2020

Simplifying How We Think About Hard-to-Measure Risks

The pandemic crisis has introduced a whole host of never-before-seen risks that are critical to the reputation and brand of an organization. Because the risks are new, organizations have little,...

March 30, 2020

How to Leverage ERM Principles to Better Respond to COVID-19-related Risks

The novel coronavirus is providing a catastrophic lesson on how critical it is for business leaders to come together to share information about the different kinds of risks being triggered...

February 11, 2020

Effective ERM Can Promote Stakeholder Balance

On August 19, 2019, the Business Roundtable (BRT) announced a new Statement on the Purpose of the Corporation (see Statement) that noticeably expands the point of focus regarding the purpose of today...

January 24, 2020

Predictive Risk Intelligence Strategies

Predictive Risk Intelligence, or PRI, is the future of risk management. The article, published by Deloitte, introduces the concept, explains monitoring methods and provides examples as to how advanced analytics...

January 24, 2020

Preparing for an Uncertain Future: Scenario Planning and War-Gaming

A Risk Intelligent Enterprise puts an organization in the best position to plan for and manage risks, take advantage of opportunities and be flexible enough to respond as the environment...

January 24, 2020

Categorical Thinking

Categorical thinking is the “old-school” thinking style and change is necessary in order to succeed in the modern day economy. This article from Harvard Business Review provides an...

January 24, 2020

Embracing the Future Workforce

According to a recent publication by PwC entitled “Workforce of the Future,” rapid technological advancements will drastically change the structure of the workforce in the next ten years....

January 16, 2020

Transforming Reputation Risk Management

When breaking news hits the wires, it can trigger immediate financial impacts for major national organizations. Billions of dollars inmarket capitalization can be vaporized in a single news cycle, reflecting...

January 9, 2020

The Art & Science of Key Risk Indicators: A Case Study Analysis

Many organizations struggle to develop Key Risk Indicators (KRIs) that will provideearly warnings that risks may be more likely to materialize. This case study looks at 5 different organizations that have...

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