There is always a lot of buzz about “risk appetite statements” and “risk tolerance.” In theory, these sound like a natural launching point for ERM Programs – how can risk managers manage risks without a known goal of what they should be managing towards?
However, the problem with risk appetite is that it is not actionable, thus organizations see very little impact…Continue
A common challenge for early-stage ERM programs is making the step from risk identification and prioritization to the formalization of a control (or mitigation) environment. Keep in mind, it is only possible…Continue
Added by Steven Minsky on June 9, 2014 at 6:00pm — No Comments
Last week, we introduced the latest findings from studies of the RIMS Risk Maturity Model (RMM). In an effort to explain the model and …Continue
Added by Steven Minsky on June 6, 2014 at 5:00pm — No Comments