Enterprise Risk
Management (ERM) or Enterprise-Wide Risk Management (EWRM) is
a comprehensive strategic approach to risk management. The key
principles of ERM are as follows:
- Risk management processes are embedded
into key organisational processes, notably in connection with
change management, post-event learning and assurance.
- Processes for the identification,
analysis and evaluation of risk are consistent across the whole
organisation.
- Risk assessment is a holistic process,
taking into account all types of risk.
ERM engenders a significant culture change as managers focus
on activities directly related to the achievement of goals and
the identification of opportunities. Detailed benefits include:
- a consistent, reasoned basis for
decision making;
- successful change programmes;
- effective pre-emptive action in response
to external changes;
- protection from loss and disaster;
- reinforcing accountabilities within
the organisation;
- sound basis for assurance and corporate
governance reporting.
RISK MANAGEMENT REPORTING
Click on
the image below to download our tutorial (6-page PDF) on Risk
Management Reporting and Governance, which includes a summary
of what we regard as best practice.
Even the most experienced practitioners may
benefit from risk management mentoring by Broadleaf consultants.
Click on the image below for our 3-page PDF with further details.
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Click on the image below to download our tutorial
on Enterprise Risk Management (500kb PDF).
TRAINING
We offer training in all aspects of risk management.
Click on the image below for further details.
While risk management is essentially simple, getting an organisation
to adopt good, consistent approaches and then sustaining them
require skills and understanding in both risk management and
organisational change. We follow a rigorous approach, based on
the Australian and New Zealand Risk Management Standard, AS/NZS
4360:2004 and designed to help our clients set reasonable expectations
and to overcome the many obstacles that stand in the way of effective
ERM.
We guide our clients through a 10-step process that begins with
an unequivocal Executive and Board mandate and includes:
- detailed risk analysis,
- setting of organisation-specific standards
and information systems,
- management training and
- benchmarking and review.
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