Practical Enterprise Risk Management: A Business Process Approach

Front Cover
John Wiley & Sons, Oct 12, 2010 - Business & Economics - 288 pages

The most practical and sensible way to implement ERM-while avoiding all of the classic mistakes

Emphasizing an enterprise risk management approach that utilizes actual business data to estimate the probability and impact of key risks in an organization, Practical Enterprise Risk Management: A Business Process Approach boils this topic down to make it accessible to both line managers and high level executives alike. The key lessons involve basing risk estimates and prevention techniques on known quantities rather than subjective estimates, which many popular ERM methodologies consist of.

  • Shows readers how to look at real results and actual business processes to get to the root cause of key risks
  • Explains how to manage risks based on an understanding of the problem rather than best guess estimates
  • Emphasizes a focus on potential outcomes from existing processes, as well as a look at actual outcomes over time

Throughout, practical examples are included from various healthcare, manufacturing, and retail industries that demonstrate key concepts, implementation guidance to get started, as well as tables of risk indicators and metrics, physical structure diagrams, and graphs.

 

Selected pages

Contents

Title Page
CHAPTER TWO What ERM Is and What It Is
CHAPTER THREE Understanding What the Business
CHAPTER FOUR Defining What True Business Risk
CHAPTER FIVE Objectively Defining Risk
CHAPTER SIX Building a Fluid Dynamic Risk Model
Evolving the Fluid ERM EnvironmentA
CHAPTER EIGHT The Future Evolution of the Model
CHAPTER NINE Related Topics and Special Risk Situations
CHAPTER TEN Maximizing ImpactMinimizing Exposure
About the Author
Copyright

Common terms and phrases

Allied risk analytics and/or appropriate areas of risk audit automation baseline basis build business risk business subset call centers Chapter compliance context Core Process corporate COSO cost created credit memos critical dashboard indicators data element data integrity data-centric determine discussed employed employees ensure enterprise risk management ERM environment established evaluate risk example executives exposure extremely failure Figure fraud functionality going healthcare highly effective identified impact implementation inventory issues key outcomes key risk indicators KRIs look manage risk maximize mergers and acquisitions methodology Minimize mitigate monitoring Notices of violations/litigation/fines/penalties occur offshore outsourcing operations organization outsourcing arrangement oversight percent performed physical map primary problem profiles properly regulatory result risk analysis risk assessment risk event risk metrics risk model Risk Register risky root cause significant situation strategic structure things type of risk utilized vendor Ventoro violations/litigation/fines/penalties Notices virtually

About the author (2010)

Gregory H. Duckert, CPA, CISA, CIA, CRISC, is?the CEO and Founder of Virtual Governance Institute, an organization specializing in consultation for major corporations regarding progressive audit/consulting methodologies, data centric enterprise risk assessment models, including financial, operational, regulatory and IT, and continuous audit/consulting platforms. He has developed extensive risk assessment metric inventories for evaluating risks in all organizational areas including operations, IT application systems, IT operations, regulatory and financial areas,?and is currently in the process of creating a Data Centric Risk Assessment and Management Model for a major corporation. He is also a Senior Consultant for MIS Training Institute and a lead instructor in their audit practice area on an independent contractor basis. He is conducting seminars or speaking at MIS events approximately 130 days a year.

Bibliographic information

TitlePractical Enterprise Risk Management: A Business Process Approach
Volume 15 of Wiley Corporate F&A
AuthorGregory H. Duckert
PublisherJohn Wiley & Sons, 2010
ISBN0470892536, 9780470892534
Length288 pages
Subjects ›  › 

Business & Economics / General
Business & Economics / Insurance / Risk Assessment & Management
Business & Economics / Management
  
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