Practical Enterprise Risk Management: A Business Process Approach
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.
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.
What people are saying - Write a review
This book is without question the only business like approach to establish a meaningful ERM environment that actually can earn a return on investment. Duckert is the only one who approaches this subject matter with any degree of business sense. All executives and anyone interested in risk management that earns a return have got to read this work and then find someone who can make this happen for them. Hmmmm maybe the author. Your loss if you miss it!
What ERM Is and What It Is Not
Understanding What the Business Is
Defining What True Business Risk Is
Objectively Defining Risk
Building a FluidDynamic Risk Model
TopDown Risk Assessment Evolving the Fluid ERM EnvironmentA StepbyStep Approach