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"How can risk managers successfully implement an ERM strategy?"

Successful Enterprise Risk Management: Does Your Organisation Have What It Takes?

Successful Enterprise Risk Management: Does Your Organisation Have What It Takes?

White Paper: Riskonnect

Successful implementation of an Enterprise Risk Management (ERM) strategy must include involving the correct people in your organization, developing and effectively communicating your ERM value proposition to create sustainable, repeatable processes that incorporate Enterprise Risk Management as part of a business unit’s daily activities.

Enterprise Risk Management is a change in the way we do business, and it is a change in how we think about our risk!

This white paper on “Successful Enterprise Risk Management: Does Your Organization Have What It Takes?” addresses:

  • What is the business case for Enterprise Risk Management support software?

  • How can risk managers successfully implement an ERM strategy?

  • What is the basis behind any successful Enterprise Risk Management program?

  • How do risk managers convince stakeholders that an ERM implementation process is the right thing to do when they live in a world where many companies have the attitude to just buy insurance?

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What is

What is Risk Management ?

Risk management is the way of identifying, measuring and dealing with the threats to an organizations capital and earnings. Definition according to ISO 31000 Risk management is the way toward assessing the chance of loss or damage and finding a way to battle the potential Risk.

What is Business ?

By definition a business is an organization or economic system with consistent and typical exchange of produced goods and offered services for one another or for money to fulfill human needs. Types of businesses, Non-Profit business: This is a type of business with charitable or educational goal rather than earning money from its services.

What is Risk ?

The risk is the possibility that something bad or unpleasant (exposure to the chance of injury or loss) will happen. Organizations are exposed to risks of different degrees; risk management is a procedure which involves assessing the risks and then taking necessary steps to either eliminate or to reduce them as far as reasonably possible.

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