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Poole College of Management
Enterprise Risk Management Initiative

Risk Assessment

Jun 16, 2014

2014 Research Report on Current State of Enterprise Risk Management

Explore insights from the NC State ERM Initiative's latest report, developed in partnership with the AICPA, which examines the maturity of enterprise risk management processes across various organizations and highlights opportunities for better integration with strategic planning.

Nov 1, 2013

An Insight into the Benefits of Risk Maturity

Aon’s 2013 Risk Maturity Index Report reveals how mature risk management correlates with better financial performance, including higher stock prices, return on equity, and enhanced resiliency.

Sep 1, 2013

Preparing for a Black Swan Event

Black Swan events are traditionally thought to be rare, random, and high-impact events, but recent history suggests that Black Swan events are happening more frequently while maintaining their unpredictability and catastrophic characteristics. A recent thought paper by Ernst & Young explains the benefit of preparing for a Black Swan event, identifies broad-based principles to implement prior to an event, and describes protocols to follow when responding to the event. Due to a Black Swan’s unpredictability, a flexible and broad-based approach to prepare and respond to such an event is necessary to mitigate its impact and facilitate a speedy recovery. The paper provides valuable insights to help your enterprise prepare for the unexpected.

Jun 11, 2013

Focusing on Property Risk Management

Risk events such as fires, adverse weather conditions, and terrorist attacks can have devastating effects on an organization's facilities and physical infrastructure. If ineffectively managed, core operations can be paralyzed, assets can be destroyed, and key IP may be compromised. In May 2013, Advisen Ltd. conducted a large survey of risk managers and property brokers in order to gain perspective on the status of property risk management efforts among businesses operating in the United States and abroad. The survey asked questions around two main themes: 1) what are companies doing, if anything, to specifically manage threats to the physical property and resources of the business, and 2) what are the key characteristics and practices of successful property risk managers? This white paper provides an overview of the survey and its results, which may provide useful benchmarking data for risk leaders.

Mar 1, 2013

2013 Survey Report Demonstrates IA’s Need for Greater Breadth of Risk Management Knowledge

https://erm.ncsu.edu/resource-center/risk-management-survey-internal-audit/(opens in a new tab)

Mar 1, 2012

Aligning ERM Software with an Established ERM Process

Discover why an ERM framework should precede software implementation to optimize your risk management efforts and avoid common pitfalls.

Nov 1, 2011

2011 RIMS ERM Survey

Explore the growing acceptance of Enterprise Risk Management (ERM) in companies, as revealed by the RIMS 2011 ERM Survey. Discover key findings on ERM leadership roles, adoption motivators, frameworks used, and the maturity of ERM programs across various industries. Learn how companies are progressing in their ERM implementation and areas needing improvement.

Aug 1, 2011

Avoiding Confirmation Bias in Decision Making

Executives today are becoming even more aware of the biases within their own mind that can prevent them from making the correct decisions. One of these major biases is confirmation bias, which is the phenomenon in which people throw away any evidence as irrelevant if it contradicts their initial notion of the situation. Increased awareness of the decision making process can help executives better evaluate situations when coming to a major decision. Confirmation bias is likely to be present in any risk identification and risk assessment task as new information comes to light that might contradict our preconceived notions about a risk event. This thought paper explores twelve questions to think through before jumping into the deep end and making a major decision with an unfounded assumption as its base.

Jan 3, 2011

Increasing Complexity Creates Challenges for Risk Management

Managing complexity is quickly becoming one of the greatest challenges for large organizations today. A white paper published by KPMG presents findings related to a study of the causes and impact of complexity affecting large companies. The pace of change and global interconnections in business have resulted in increasing complexity, creating significant risk management challenges for companies. Increased risks to manage emerged as one of the greatest challenges created by complexity, according to the study.

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.