Tools and Techniques for Enterprise Risk Management Execution
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Enterprise Risk Management Tools and Techniques
The Institute of Management Accountants has issued a document, “ERM:Â Tools and Techniques for Effective Implementation” by Paul L. Walker and William G. Shenkir, that summarizes tools and techniques used by businesses that have effectively implemented an ERM program. Â After identifying risks, businesses should focus on risk drivers and utilizing the vast number of tools currently available for managing risks. Â 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. Â This document contains numerous practical tools and templates that can be adapted for a variety of organizational settings.
Original Article Source: “ERM: Tools and Techniques for Effective Implementation“, Paul L. Walker and William G. Shenkir, IMA, May 2007.Â
Latest Version:Â “ERM: Tools and Techniques for Effective Implementation“, Paul L. Walker and William G. Shenkir, IMA, June 02, 2018.
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