Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation

Enterprise Risk Management is a puzzle in the sense that 80+ frameworks and definitions are extant. Surveys show that few have a 'mature' practice, while new administrative programs in all domains have high failure rates. Yet, organizations of all types continue to strive for ERM. They need to manage reputation, brand, strategic and operational risk -- and such a program can indeed be successful.

This book answers the need for a generic ERM methodology that is conceptually grounded and proven in its application, in both private and public sectors. The author's "High Quality Risk Assessment" is differentiated from ad hoc approaches done in the absence of methods.

Practitioners learn an insightful and incisive risk assessment process, helping them to meet their deliverables and solve business problems. The roll-out leverages the proven principles of successful program implementation.

In a principles-based approach, this book gives readers to the freedom to adapt the risk management techniques to their own unique organizational settings, with a minimal footprint.

Topics include ERM value proposition, role of the ERM champion, how to conduct High Quality Risk Assessment, 9-point ERM plan, and solving poor acceptance or take-up. Novel approaches to financial and IT risk management, opportunity, and emerging risk. Complete index, online resources, 50 references and 9 tables and diagrams. Companion volume: Enterprise Risk Management Tools and Templates to fully equip the reader.

Director of HR and Strategic Planning at Specific Mechanical Systems. Former Senior Manager of Enterprise Risk Management, BC Provincial Government. Developed accredited online courses in collaboration with Risk and Insurance Management Society (RIMS), New York; facilitates their workshops. Member of CSA technical committee for the CAN/CSA-ISO 31000; created the examination for the Global Risk Management Institute’s CRM-E (Canadian Risk Manager - Enterprise) designation.

ERM has had to grow and offer ways for risk managers to expand their roles and gain a seat at the strategic planning table, grapple with high future uncertainty, answer the charges of ineffective risk methods in the face of financial crises, and integrate methods with IT and innovation efforts. Robertson addresses these topics in Solving the Enterprise Risk Management Puzzle, representing the culmination of methods developed with clients.