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Record Nr. |
UNINA9910830970203321 |
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Autore |
Hardy Karen |
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Titolo |
Enterprise Risk Management : Guidance for Practical Implementation and Assessment / / Karen Hardy |
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Pubbl/distr/stampa |
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[Place of publication not identified] : , : John Wiley & Sons, Inc., , 2018 |
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ISBN |
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Descrizione fisica |
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1 online resource (343 pages) |
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Disciplina |
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Soggetti |
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Administrative agencies - Management |
Administrative agencies - United States - Management |
Government insurance - United States |
Risk management Government policy - United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Nota di contenuto |
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Recognition iii 1 Overview of the Enterprise Risk Management Guide 1 I. Introduction 1 II. Who Should Use this Guide 1 III. Conceptual Basis 2 2 ERM Concepts and Components 3 I. What does ERM Encompass? 3 Events, Opportunities and Risks 3 The Importance of Taking an Enterprise View 3 Risk Appetite, Risk Tolerance, and Risk Attitude 4 II. Components of Enterprise Risk Management 4 1.0 Internal Environment 5 2.0 Objective Setting 5 3.0 Event Identification 6 4.0 Risk Assessment 8 5.0 Risk Response 11 6.0 Control Activities 12 7.0 Information and Communication 13 8.0 Monitoring 13 III. ERM Roles and Responsibilities 14 Entity Roles 14 Board or Equivalent Roles 14 Entity Management 14 Internal Auditors 15 The Role of External Parties in the ERM Process 15 3 ERM Program Development 17 I. Mobilize 17 Establishing Appropriate Sponsorship 18 Project Governance 18 Planning and Launch 18 Timeline 19 II. Current State Analysis 19 Current State Considerations 19 Gather Documentation 20 Timeline 20 III. Future State Operating Model Design 20 Peer and Industry Analysis . 21 Develop a Target ERM Operating Model and Framework 21 Develop the ERM Risk Appetite and Risk Tolerances 21 Link Current ERM Activities to the ERM Program Plan 23 Documenting ERM Policies 23 ERM Program Scalability and Related Considerations 23 3 ERM Program Development continued ERM Program Technology Considerations 23 |
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Timeline 24 IV. Gap Analysis 24 Preliminary Observations 24 Recommendations 24 Timeline 24 V. Implementation 25 Develop Implementation Roadmap 25 Project Planning 25 Communication and Training 25 Design Program Performance Metrics 26 Changes to the Implementation Plan 26 Timeline 27 4 ERM Program Maturity Monitoring and Evaluation 29 I. ERM Program Evaluation 29 Approach to an ERM Program Evaluation 30 II. Keeping Up with Change 30 III. Understanding Continuous Improvement 31 IV. Commitment to Continuous Improvement 32 Glossary of Terms 33 Appendix Page A COSO and ISO 31000 Framework Mapping 35 B Example ERM Program Maturity Self-Assessment 45 C References. |
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Sommario/riassunto |
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This publication includes invaluable guidance for anyone responsible for or advising on an enterprise risk management process (ERM), whether the process is in its early stages or is already well established. This resource will help you ensure the ERM process is well designed, well executed, and ultimately successful. Global, economic, and regulatory conditions as well as everyday internal risks can affect business operations, so it's important to have a process in place that identifies these events and manages risks. This guide leverages the concepts of existing frameworks as a foundation for providing illustrative examples, best practices, and guidance for implementing or assessing an enterprise risk management process. |
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