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ERM Expert Insights

May 25, 2016

The Bow-Tie Analysis: A Multipurpose ERM Tool

Bonnie V. Hancock, Executive Director of North Carolina State University's ERM Initiative, discusses The Bow-Tie Analysis, a multi-purpose ERM tool.

May 11, 2016

Case Studies on Integration of ERM with Strategy

NC State University's ERM Initiative is pleased to release a new thought paper, Integration of ERM with Strategy, that highlights three case study illustrations of how organizations have successfully integrated their enterprise-wide risk management efforts with their value creating initiatives. These case studies are based on real life examples of how companies have attempted to better integrate their ERM process within their strategic planning process.

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 18, 2016

Social Class Origins Impact Executive Risk Taking

Explore how a CEO’s social class origins, education, and work experience shape their strategic risk-taking. This study highlights the lasting impact of childhood upbringing on leadership decisions.

Dec 10, 2015

Reporting Key Risk Information to the Board of Directors

The new thought paper on reporting key risk information to the Board of Directors highlights common practices used within organizations to communicate risk information.

Dec 7, 2015

How to Effectively Report Key Risks to Board

How to effectively report key risks to the Board, supported with various examples and supporting information.

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

Jun 2, 2013

Are We Becoming More Risk-Averse?

Explore the Wall Street Journal’s analysis of how increasing risk-aversion in the U.S. economy is affecting entrepreneurship and long-term economic growth, and what may be driving this trend.

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)