Practical enterprise risk management : a business process approach

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Title:

Author:

Duckert, Gregory H., 1949-

ISBN:

9780470559857

Personal Author:

Duckert, Gregory H., 1949-

Publication Information:

Physical Description:

xi, 275 pages : illustrations ; 24 cm.

Series:

[Wiley corporate F & A]

Wiley corporate F & A.

General Note:

Includes index.

Contents:

Corporate governance, a gut check -- What ERM is and what it is not -- Understanding what the business is -- Defining what true business risk is -- Objectively defining risk -- Building a fluid/dynamic risk model -- Top down ridk assessment, evolving the fluid ERM environment, a step by step approach -- The future evolution of the model -- Related topics and special risk situations -- Maximizing impact, minimizing exposure.

Abstract:

"The book emphasizes an enterprise risk management approach that utilizes actual business data to estimate the probability and impact of key risks in an organization. While the approach is anlytical, the author has boiled it down to make it accessible to line managers and high level executives alike. The key lessons involve basing risk estimates and prevention techniques on known quantities rather then subjective estimates, which many popular ERM methodologies consist of. It will include practical examples from various industries that demonstrate key concepts, implementation guidance to get started, and tables of risk indicators and metrics, physical structure diagrams, and graphs. Tentative Table of Contents: Chapter 1 Corporate Governance: What a Mess Chapter 2 What ERM Is And What It Is Not; Chapter 3 Understanding What the Business Is; Chapter 4 Defining What True Business Risk Is; Chapter 5 Objectively Defining Risk; Chapter 6 Building a Fluid/Dynamic Risk Model; Chapter 7 The Strategy: Evolving The Fluid Risk Model; Chapter 8 The Future Evolution of the Model; Chapter 9 Related Topics and Special Risk Situations; Chapter 10 Maximizing Impact - Minimizing Exposure"-- Provided by publisher.

Subject Term:

Risk management.

Electronic Access:

Table of contents http://catdir.loc.gov/catdir/enhancements/fy1009/2010016278-t.html
Contributor biographical information http://catdir.loc.gov/catdir/enhancements/fy1012/2010016278-b.html
Cover image http://catalogimages.wiley.com/images/db/jimages/9780470559857.jpg
Publisher description http://catdir.loc.gov/catdir/enhancements/fy1009/2010016278-d.html

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025747995	658.155 D835P 2011	1	Searching... Unknown

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Summary

The most practical and sensible way to implement ERM-while avoiding all of the classic mistakes

Emphasizing an enterprise risk management approach that utilizes actual business data to estimate the probability and impact of key risks in an organization, Practical Enterprise Risk Management: A Business Process Approach boils this topic down to make it accessible to both line managers and high level executives alike. The key lessons involve basing risk estimates and prevention techniques on known quantities rather than subjective estimates, which many popular ERM methodologies consist of.

Shows readers how to look at real results and actual business processes to get to the root cause of key risks Explains how to manage risks based on an understanding of the problem rather than best guess estimates Emphasizes a focus on potential outcomes from existing processes, as well as a look at actual outcomes over time

Throughout, practical examples are included from various healthcare, manufacturing, and retail industries that demonstrate key concepts, implementation guidance to get started, as well as tables of risk indicators and metrics, physical structure diagrams, and graphs.