Book description
A wealth of international case studies illustrating current issues and emerging best practices in enterprise risk management
Despite enterprise risk management's relative newness as a recognized business discipline, the marketplace is replete with guides and references for ERM practitioners. Yet, until now, few case studies illustrating ERM in action have appeared in the literature. One reason for this is that, until recently, there were many disparate, even conflicting definitions of what, exactly ERM is and, more importantly, how organizations can use it to utmost advantage. With efforts underway, internationally, to mandate ERM and to standardize ERM standards and practices, the need has never been greater for an authoritative resource offering risk management professionals authoritative coverage of the full array of contemporary ERM issues and challenges. Written by two recognized international thought leaders in the field, ERM-Enterprise Risk Management provides that and much more.
Packed with international cases studies illustrating ERM best practices applicable across all industry sectors and business models
Explores contemporary issues, including quantitative and qualitative measures, as well as potential pitfalls and challenges facing today's enterprise risk managers
Includes interviews with leading risk management theorists and practitioners, as well as risk managers from a variety of industries
An indispensable working resource for risk management practitioners everywhere and a valuable reference for researchers, providing the latest empirical evidence and an exhaustive bibliography
Table of contents
- Contributor List
- About the Editors
- Acknowledgements
- Introduction
- ISO 31000 and Guide 73: 2009 Select Terms and Their Definitions1
-
PART 1 ERM ARTICLES
- 1 Establishing the Internal and External Contexts
-
2 Risk Assessment
- 2.1 Risk Quantification: Cornerstone for Rational Risk Management
- 2.2 Brief Overview of Cindynics
- 2.3 Risk Assessment or Exposure Diagnostic
- 2.4 Managing the Collection of Relevant Data for an ERM Program: The Importance of Efficient and Neutral Questionnaires
- 2.5 Enterprise Risk Analytics Systems
- 2.6 Emerging Enterprise Risks Facing the US Healthcare Industry
- Notes
- 3 Select and Implement the Appropriate Risk Management Technique
- 4 Monitor Results and Revise
- 5 Communicate and Consult
-
PART II CASE STUDIES
- 6 Case Study Protocol
- 7 Case Study: Risk Management Implementation in China
- 8 Case Study: Agreeing Upon the Scope of the Project and the Job of the ERM Risk Manager
- 9 Case Study: Wellcome Trust
-
10 Case Study: Large Health Insurer in the US
- 10.1 The Large Health Insurer Today
- 10.2 Implications of the Affordable Care Act
- 10.3 Why ERM for This Insurer
- 10.4 ERM Reporting Structure and ERM Department Structure
- 10.5 The ERM Initiative Today
- 10.6 The Risk Management Process
- 10.7 Surprises
- 10.8 How Can an Organization Sustain an ERM Initiative over Time?
- 10.9 How Does This Insurer Risk Management Program Measure ERM Success?
- 10.10 Questions for Students and Practitioners
- Appendix A
- Appendix B
- Notes
-
11 Case Study: Three Steps for Bringing Risk Management Back in House
- 11.1 Memorial Hermann
- 11.2 The Decision to Bring Risk Management Back In House
- 11.3 Step One – Laying the Groundwork: Re-establish Risk Management
- 11.4 Second Step – Introducing New Approaches: The ERM Council
- 11.5 The Third Step – Evolving Towards Enterprise Risk Management: Narrative Risk Description
- 11.6 Tangible Results at MH
- 11.7 Recommendations for Other Risk Managers
- 11.8 Questions for Students and Practitioners
- Notes
- References
-
12 Case Study: University of California
- 12.1 The University of California and the Office of Risk Services
- 12.2 Why ERM?
- 12.3 Critical Strategic Risks
- 12.4 ERM Accomplishments
- 12.5 ERM Progress Over Time
- 12.6 The “Upside of Risk”
- 12.7 Challenges Facing Higher Education and the University of California
- 12.8 Recommendations for Others Engaged With ERM
- 12.9 Where Further Research and Analysis is Needed
- Appendix A: UC Enterprise Risk Management Tools
- Questions for Students and Practitioners
- Notes
- 13 Case Study: Managing Risk at the OPAC du Rhône
- ERM References for Practitioners
- Further Reading
- Index
- End User License Agreement
Product information
- Title: ERM - Enterprise Risk Management: Issues and Cases
- Author(s):
- Release date: June 2014
- Publisher(s): Wiley
- ISBN: 9781118539521
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