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From the same opportunities and threats used for developing strategic plans to achieve organization objectives, we develop enterprise risk management, reaching to all areas and levels of the organization, to prevent divergence from those strategies. This is a practical guide on how to develop and implement such an enterprise risk management. If you do not have this in place, this is the perfect place to start for an effective enterprise risk management running in a short time. If you already have this in place, there are pearls of wisdom and experience, gathered from hundreds of different industries and thousands of individual practitioners that will further improve the enterprise risk management.
As you observe situations to identify risks, study possible events, their consequences and likelihood, evaluate opportunities and threats, decide on what to do and act on those decisions, you learn at each stage a wealth of knowledge shared by those who had been there, giving you the tools and means to enrich and manage those stages. You quickly go into the details of implementation throughout the organization.
Starting from the organization big picture, with a hands-on approach, you are taken through the processes of appreciating risks to organization objectives at all levels, what needs to be done to prevent or exploit those risks, how it should and should not be done, and the ways to do it.
As you walk through the central path of planning, implementing and managing enterprise risk management, there are branches of learning to enrich the understanding and insight along the way.
With more than 70 diagrams and charts, 30 over tables, numerous templates and pictures, you have a clear picture of what to do and how to enhance your enterprise risk management.