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ERM

In the study measuring effects of enterprise risk management (ERM) maturity—as  defined by the RIMS Risk Maturity Model (RMM) assessment—no attribute had a more meaningful impact on bottom line corporate value than Performance Management. The correlation is not an accident. While many organizations say they have an effective handle on risk, their ability to execute [...]

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Over the years, I’ve had no shortage of people ask me how they can get my job as a senior risk leader. They see the possibilities and get a strong sense that risk management just might be a pretty interesting career track. Oftentimes these folks are sitting in some insurance related sub-function within the broader [...]

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After the last article, which discussed the first two attributes of the RIMS Risk Maturity Model (RMM), ERM Based Approach and ERM Process Management; our focus here is on the third attribute, Root Cause Discipline. Root Cause Approach In Washington, D.C., officials tried, but were nearly helpless in stopping the deterioration of the Lincoln Memorial. [...]

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Last week, we introduced the latest findings from studies of the RIMS Risk Maturity Model. In an effort to explain the model and results of the study more fully, it’s beneficial to break the RMM into each of its attributes. Here we’ll examine the first two attributes of an effective ERM program, ERM Based Approach [...]

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