{"product_id":"2940016780122","title":"Enterprise Risk Management - Straight to the Point","description":"This book is a tool for Chief Risk Officers, ERM process leaders or anyone in a leadership position who is interested in managing risk. As the word ENTERPRISE implies, ERM requires the best efforts of the whole enterprise including functional business leaders and staff to ensure that risks are identified and managed. Just as each business function contributes to the success of corporate strategy, each business function also plays a significant role in effective risk management. With this book, you can expect to improve your company’s ability to manage risk by ensuring that all functions are actively—and skillfully—engaged in ERM.    \u003cbr\u003e   \u003cbr\u003ePart I – ERM Guide Points    \u003cbr\u003e   \u003cbr\u003eEnterprise Risk Management (ERM) involves viewing risk holistically and horizontally across all facets and disciplines of an entity, with the objective to eliminate, ameliorate or transfer such risks—or prepare to accept them. To effectively identify risk across the enterprise, it is essential to understand the how risks within specific functional areas, relate to other functional areas and how those uncertainties will affect strategic goals and objectives. This book provides essential Guide Points to consider when developing an effective ERM process plan.    \u003cbr\u003e   \u003cbr\u003ePart II – ERM Process Points    \u003cbr\u003e   \u003cbr\u003eA successful ERM implementation will have defined a set of processes to be followed across the organization. This book details processes for: - Identifying risks from practical vantage points - Prioritizing risks consistently across the enterprise - Developing business process based mitigation - Effective monitoring and reporting - Measuring success including benefits to stakeholders and business planning It is incumbent upon the functional areas to follow the process as designed at the enterprise level. The intended purpose of engaging in such a process is to ensure that the goals and objectives of the corporate strategy are achieved. Unaddressed risks create a real impediment to the achievement of enterprise and functional department goals and objectives.    \u003cbr\u003e   \u003cbr\u003ePart III – ERM Function by Function    \u003cbr\u003e   \u003cbr\u003eWhile the primary responsibility for managing the ERM process rests with the CRO or individual charged with ERM activities, it is the role of each individual function to identify, mitigate and manage its risk. Just as a specific function contributes to the success of the corporate business strategy, it must contribute to the success of the ERM process. Part III describes five major functions that are common to most organizations. It provides an overview of the purpose of the function, an example of how to determine the risks within each function based on the either the Functional Risk Deduction method or Dynamic Risk Deduction (described in Part II - ERM Process Points), an inventory of typical risks and sample reporting formats.    \u003cbr\u003e   \u003cbr\u003ePart IV – Case Study    \u003cbr\u003e   \u003cbr\u003ePart IV provides a case study that follows the methods described in this book in determining how the risks in each functional area relate to the business strategy as a whole—one strategy element at a time. Using these methods, the organization builds an effective ERM process that grows over time and provides the full benefits of ERM by continually contributing to the success of their business plans and strategies.","brand":"ERMSTTP, LLC","offers":[{"title":"Default Title","offer_id":47081882616048,"sku":"2940016780122","price":19.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940016780122_p0.jpg?v=1763641185","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940016780122","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}