Fundamentals of Enterprise Risk Management

PART ONE

ESSENTIALS OF ENTERPRISE RISK MANAGEMENT

PART ONE tells the story of why organizations should create Enterprise Risk Management (ERM) programs using a new paradigm. Risks are related. One risk affects others as risks cross the often-artificial walls of day-to-day operations. People can be too close to risk or just too busy to recognize impending critical problems.

We start with how modern risk management has morphed from a narrow insurance-buying role. Stories and examples help us grasp hazard risk management as a foundation to understand ERM. What is ERM? What does it mean for an organization? What are the contributions it makes to our ...