RISK QUOTE: A life spent making mistakes is not only more honorable but more useful than a life spent in doing nothing.
—GEORGE BERNARD SHAW, IRISH PLAYWRIGHT
RISK QUOTE: In the end, you’re measured not by how much you undertake but by what you finally accomplish.
—DONALD TRUMP, BUSINESSMAN
In the previous chapters, we set up a hierarchical approach to ERM with risk owners, accountability, a high-tech platform, and visual risk clusters. Now we use the Riskonnect™ tool with Central Power and Light (CP&L), a thinly disguised major unregulated independent electricity producer. It is based on an energy company that has an extensive ERM program.
CP&L wants to be sure it is scanning externally for changing conditions ...