Operational Risk

Jun 26, 2018

The Age of Cloud Computing

Cloud computing delivers benefits like cost savings and scalability but also introduces new risks. Using COSO’s ERM framework, companies can identify and mitigate risks such as lack of transparency, security concerns, and vendor lock-in.

Jun 26, 2018

COSO’s Take on the Three Lines of Defense

As risks begin to threaten the achievement of company objectives, senior management must determine the appropriate way to respond. Responsibilities and duties must be clearly identified so individuals are aware of their roles in addressing these risks and controls. COSO developed the three lines of defense model that addresses how specific duties related to risks and controls could be assigned and coordinated within the organization to alleviate the threat. Ultimately, the model is designed to ensure individuals within each line of defense are aware of their full responsibilities and how these responsibilities fit into the organization's overall risk and control structure.

Jun 26, 2018

COSO Releases Draft Guidance on Environmental, Social and Governance-related Risks

Learn how COSO and WBCSD’s supplemental guidance helps organizations address ESG-related risks, from extreme weather to product recalls, integrating these risks into ERM for sustainable success.

Jun 21, 2018

Conducting Scenario Planning Workshops

Learn from IBM’s Claudio Martinez de la Vega about scenario planning workshops, with step-by-step guidance on pre-planning, facilitation, and capturing insights to strengthen ERM processes.

Feb 21, 2018

Risk Assessment Approaches at RTI International

Ward Sax, Chief Risk Officer at RTI International, discusses RTI’s successful risk assessment techniques in this interview. Learn how their triennial and quarterly processes help prioritize and manage emerging risks effectively.

Dec 18, 2017

Lessons from Hurricane Harvey’s Impact on the Global Supply Chain: The Role of Analytics

Learn how supply chain analytics can help businesses prepare for risks, recover from disruptions, and limit losses in the aftermath of events like Hurricane Harvey and other natural disasters.

Dec 12, 2017

GAO Report on Good Practices in ERM

Discover the updated GAO risk management framework, which integrates ERM concepts to help federal agencies better address uncertainties. Learn about key elements and best practices for effective risk management in a complex, evolving environment.

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.

May 2, 2017

Ten Take-Aways from the Spring 2017 NC State ERM Roundtable Summit

At the ERM Roundtable Summit, experts shared practical tips to strengthen ERM processes. From integrating strategy with risk management to developing playbooks and tabletop exercises, these insights will help you enhance your organization's ERM approach.

Dec 8, 2016

2017 Top Risks Report: Executive Perspectives on Top Risks for 2017

NC State's ERM Initiative, with Protiviti, has released the "Executive Perspectives on Top Risks for 2017" report, identifying global economic concerns, regulatory scrutiny, and cyber threats as major risks. The findings underscore the need for enhanced risk management and oversight.