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- W1503721440 abstract "The key qualities of an effective enterprise risk management (ERM) environment are numerous and varied, and they must be strategically aligned with the organization in order to be highly effective. A risk language must be developed that details terminologies and methodologies that are employed universally in the organization. All ERM environments should have a strategic plan for constant migration of the risk management system to the highest plateau of performance. Regarding traditional “risk assessment” that is performed using subjective-based judgment, it is important to note that risk assessment cannot truly be done without data. There are number of issues that need to be considered and dealt with effectively to ensure the success of any risk assessment/management model. The Business Risk Assessment Information Network (BRAIN) acts as the central clearinghouse of information for the organization and establishes the connection point between the operating units and the Chief Risk Officer (CRO) functionality. Controlled Vocabulary Terms Enterprise risk management; Strategic planning" @default.
- W1503721440 created "2016-06-24" @default.
- W1503721440 creator A5043891523 @default.
- W1503721440 date "2010-10-11" @default.
- W1503721440 modified "2023-09-23" @default.
- W1503721440 title "What ERM is and What it is Not" @default.
- W1503721440 doi "https://doi.org/10.1002/9781118269060.ch2" @default.
- W1503721440 hasPublicationYear "2010" @default.
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