Jan 31, 2009
This article critiques optimism in management, advocating for realism in risk assessment. Discover best practices to foster honest communication and strengthen strategic decision-making processes.
Jan 4, 2009
Explore how VaR models revolutionized risk measurement in finance, their appeal and limitations, and why firms must pair them with human judgment to navigate unpredictable risks effectively. Read more!
Nov 20, 2008
British Columbia’s Ministry of Finance offers a comprehensive ERM toolkit for government ministries, including a risk dictionary, project management tools, and a maturity model to guide ERM implementation.
Oct 1, 2008
Discover lessons from CFO Europe’s survey on managing financial and operational risks during economic crises, featuring case studies and actionable best practices for effective risk mitigation.
Discover how Six Sigma methodologies can improve ERM processes, helping internal auditors address upside and downside risks while creating stakeholder value through data-driven solutions and risk management strategies.
May 9, 2008
Amy Woods Brinkley shares how Bank of America integrates risk management into its operations, emphasizing innovation, accountability, and balancing the art and science of managing risk for growth.
Dec 7, 2007
Steven Goss of the U.S. Social Security Administration discusses risk management challenges of funding Social Security amidst demographic changes, falling fertility rates, and evolving immigration trends.
May 1, 2007
The Institute of Management Accountants has issued a new document 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.
NIST's guide offers practical strategies and resources for managing risks in constructed facilities, focusing on resilience, cost-efficiency, and modern technologies for comprehensive risk mitigation.
Oct 27, 2006
Reynolds American Inc. leveraged merger integration to embed ERM into strategic planning, creating a dynamic framework for risk management. Discover their innovative "ERM Lite" approach and risk-driven strategies.