Sooner or later, disaster will strike. A disciplined approach to identifying and mitigating risks can help you beat the odds. Will you be ready? Because risk is inherent in everything we do, the type of roles undertaken by risk professionals are incredibly diverse.
Enterprise risk management (ERM) is an organization’s enterprise risk competence—the ability to understand, control, and articulate the nature and level of risks taken. Business strategies—coupled with accountability for risks taken and activities engaged in, contributes to increased confidence shown by your team.
The basic concept of enterprise risk management has been applied, more or less, in several industries for well over a decade. The changing regulatory environment, economic turmoil, and growing complexity of products, tools, and risks has, among other influences, helped to launch the practice of enterprise risk management into the technology area. In this respect ERM—in the technology world—is very much in its early development, though much progress has been made.
Our team has expertise in the area of managing risk for companies, especially those in the tech industry. Since our panelists have to settle these disputes, we have a unique perspective as to what it takes for companies to manage risk within their organization.
Enterprise risk management (ERM) encompasses all kinds of risks throughout an organization, and it creates plans for managing that risk. Industries such as technology, trade/logistics, banking, finance and insurance utilize ERM. People who work with ERM focus on assessing the risks relevant to their companies or industries, prioritizing those risks, and making informed decisions to mitigate them.
Risk management involves understanding, analyzing and addressing risk to make sure organizations achieve their objectives. ERM must be proportionate to the complexity and type of organization involved. Enterprise risk management (ERM) is an integrated and collaborative approach that organizations must extend to its business.
Our mission is to build excellence in risk management, in all sectors across the world.