Enterprise-Wide Risk Management : Strategies for Linking Risk and Opportunity

Abstract

Preface: a new and evolving approach to improving risk management capabilities Acknowledgements Mastering risk to create value: what is an enterprise-wide approach and why is it essential? * A new approach: enterprise-wide * Is your risk management keeping pace? * The early lessons * Conclusion: a journey requiring a cultural change The evolution towards EWRM * The evolution of risk management * Taking an enterprise wide view * Achieving EWRM: the steps along a visionary journey * How far will you go? * Conclusion A common language: the essential starting point * Defining risk * A language for risk * A process classification scheme * Developing a language * Conclusion * Case-studies Risk management goals, objectives and oversight: laying the foundation zone * Business objectives and strategies provide the context * Risk strategy and policy in an EWERM environment * Organizational oversight structure * Summary * Case-study Uniform processes: assessing risks and developing strategies * A process view of business risk management * Assessing business risks * Risk mapping - a fundamental tool * Rigorous assessment: when risks are vital * Develop business risk management strategies * Risk strategies: translating risk assessment into action * Summary Infrastructure essentials: designing and implementing risk management capabilities * Design/implement risk management capabilities * The components of infrastructure * Monitor risk management performance * Continuously improve risk management capabilities * Information for decision making * Summary* Case-study Continuously improve risk strategies, processes and measures * The Risk Management Capability Maturity Continuum * The enablers of continuous improvement * Summary * Case-study Taking it all the way * Aggregate multiple risk measures * Link to enterprise performance * Formulate enterprise-wide risk strategy * Summary * Case-study Getting started * The EWRM journey: how far do you want to go? * Keys to navigating the journey * Keys to getting started: EWRM trail markers * The launch pad * Summary Appendices * The current state of risk management * The Arthur Andersen Business Risk ModelTM: abbreviated defenitions of business risks * Risk controls process framework Glossary Bibliography Index

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