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Poole College of Management
Enterprise Risk Management Initiative

Risk Identification and Assessment

David Hughes and Bonnie Hancock

Aug 14, 2018

Conducting Annual Risk Interviews

David Hughes, Assistant Vice President, ERM and Business Continuity Planning at HCA Healthcare talks about how HCA conducts annual risk interviews as part of an ERM process that has been in place for over 15 years.
Rob Gould

Jul 11, 2018

Conducting Black Swan Workshops

Rob Gould, Director, Internal Audit at Harley-Davidson talks about conducting Black Swan workshops. 

May 16, 2017

Why Teams Often Make Riskier Decisions Than Individuals (and What You Can Do About It)

Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management, Shares his insights about how decisions made by teams may actually introduce more risks than when decisions are made individually. He also provides tips for how to counter that concern.

Feb 1, 2017

Riskiness of Incentive Compensation Plans

Reassessing existing incentive compensation plans has become a more significant and common agenda for many corporations. It has become increasingly evident that these incentive plans have driven questionable employee behavior and resulted in damaging consequences and reputations for businesses. The responsibility of many boards of directors now includes the assessment of whether there are proper processes in place to identify and mitigate the potential risks that come with these incentive compensation programs. This article from Deloitte discusses in detail their recommendations for how boards and compensation committees should conduct these risk reviews.
Phil Maxwell

Sep 27, 2016

Risk Identification and Risk Training

Phil Maxwell, Director of Enterprise Risk Management at The Coca-Cola Company shares risk identification techniques and Coca-Cola’s approach to ERM education and training.
Scott Williams

Aug 2, 2016

Engaging Management in Risk Identification Processes

Scott Williams, Senior Director of ERM at the Lockheed Martin Corporation, shares techniques used across the organization to engage management in the identification of risks to the organization.

Apr 22, 2016

Taking a Strategic Approach to Emerging Risks

Bonnie V. Hancock, Executive Director of North Carolina State University's ERM Initiative, addresses techniques that might simplify the process of prioritizing risk.

Apr 1, 2016

Supply Chain Risk Management

Supplier management has recently emerged as an important area for risk management. As globalization has changed the business world drastically this past century, companies now have complex global networks from which they buy and sell products. Given this, Baylor University's Hankamer School of Business conducted research to determine supplier risk management practices. Their findings are based on interviews with 33 companies including KPMG, Johnson & Johnson, Coca Cola, and IBM to name a few. This abstract summarizes some of the key points in this document.

Nov 11, 2015

A Simpler Way to Assess Risks?

The vast majority of companies assess risks by evaluating both the likelihood that a risk event will occur and the impact of the risk event if it does occur. The actual ranking of risks is then determined by either calculating the product of likelihood x impact scores, or in some cases the sum of a risk's likelihood and impact scores. When using this methodology, the organization must develop rating scales for both likelihood and impact (and any other dimensions to be assessed, such as velocity or preparedness) as well as definitions for each point on the scales.

Nov 10, 2015

ERM Initiative Releases New Thought Paper on Risk Assessment Practices

ERM Initiative Releases New Thought Paper on Risk Assessment Practices