Pickett K.H.S. Enterprise Risk Management: A Manager's Journey

Wiley, 2006. — 320 p. — ISBN: 0471745294.A bona fide "novel" approach to successful ERM implementation.
With the release of the new COSO ERM guidelines, many managers are being asked to implement Enterprise Risk Management (ERM) with very little understanding of the full implications for their business and customers. In Enterprise Risk Management, you'll learn the A-to-Zs of ERM by walking in the shoes of Bill Reynolds as he goes from zero understanding of ERM to becoming fully versed in what ERM is, what it can do for his company, and how to successfully implement it within his organization. Through Bill's enlightening business trip to London, you will discover how to manage risk across all parts of your business.In Enterprise Risk Management, you'll learn how to:
Develop a risk model that makes sense to the way your organization operates.
Discover ways of sharing risks between partners and key players.
Build a good understanding of risk and risk appetites within the entire organization.
Educate the board, top managers, and all employees about their responsibilities to manage risk properly.
Review all corporate systems, processes, and decision points so as to build risk assessment into and inside all parts of your business systems.
Encourage risk-smart thinking across your entire workforce.
Make sure your people are able to communicate what they have done to improve their controls and why.
Keep up the momentum through defined ERM maturity targets and build on success and learn quickly from any failures.
In addition to the unique and engaging narrative, the book also includes diagrams and checklists in a "how-to" format to help you develop a good ERM process. There are valuable examples, illustrations, and helpful advice that can be adapted and adopted to a variety of organizations.
A must-read for CFOs, CEOs, auditors, controllers, and operations managers, Enterprise Risk Management provides key techniques for implementing ERM into everyday work and across your entire organization.