Day: June 22, 2021

Interpretation of ERM Case Study – part 5/5

[580 edited, words, first published 2012/11/20] What can we make of this successful example of Enterprise Risk Management implementation, which has stood the test of time, and was praised by the Auditor General? Are there implications for others contemplating ERM for their organizations? I believe the answer is an emphatic yes! This case shows important …

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ERM Case Study: Camosun College: part 3/5

[670 words, first published 2012/11/08] This is the next post in the Enterprise Risk Management implementation case study of Camosun College, B.C., Canada. IMPLEMENTATION APPROACHProject Approach – Key Players As mentioned previously, the idea for enterprise risk management came from the Board of Governors, who were keen to participate in the provincial government’s foray into …

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ERM Case Study: Camosun College: part 2/5

[800 words, first published 2012/11/06] This is a continuation of the Enterprise Risk Management implementation case study of Camosun College, B.C., Canada. INITIAL STAGESImpetus to ERM: Compliance or Improvement? The impetus towards risk management came from the Board of Governors. They were aware of BC Government’s initiative, led by Risk Management Branch, to incorporate enterprise …

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Enterprise Risk Management: Definition and Core Practice

EPISODE SUMMARY Time to get into my recommended ERM process! Let’s start with practical definitions of Enterprise Risk Management and High Quality Risk Assessment. These definitions are rooted in the international standards (ISO 31000, COSO, AS/NZ 4360) but are not copied: they reflect a precise method finely honed over years with clients. SHOW NOTES IntroductionIn …

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