SISCUSS Global Enterprise Risk Management – Online Symposium 2013
Below is a link to an excerpt from our recent presentation for The SISCUSS Global Enterprise Risk Management – Online Symposium 2013. It is titled “Applying Cost of Risk to Integrate Enterprise Risk Management and Strategic Planning” and features our CEO, Gary Bierc. This excerpt demonstrates how applying the “Cost of Risk” enterprise-wide serves as an effective means to integrate ERM with Strategy. Conventional applications of ERM in the Strategy-making process rely extensively on qualitative risk identification and prioritization methodologies. An Enterprise Cost of Risk approach emphasizes the need to translate risk and risk management information in dollar terms creating a pivotal common denominator between ERM and Strategy. This approach makes ERM real and relevant to company performance and brings it down out of the clouds and the realm of esoteric theory.
Click: “Gary Bierc – Global ERM Online Symposium 2013” to view the excerpt.