Enterprise Risk Assessment Board Report

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Enterprise Risk Assessment Board Report

The ultimate goal of enterprise risk management is to evaluate total returns relative to total risks, leading to more informed business decisions. This sample report provides findings from a review of a company’s enterprise risk assessment.

Sample enterprise risk management (ERM) design principles include: clear objectives – define the primary objectives of the risk management process; integrated – integrate the process with the core business activities; risk culture – determine whether the organization’s culture will help or obstruct the implementation process to ascertain the extent of needed change; infrastructure – determine the enhancements to infrastructure that are needed; specific – align the analytical risk assessment approach with the unique characteristics of the risk the company faces; risk ownership – assign ownership of the risk assessment process to the managers who are best positioned to achieve actionable results; and executive sponsorship – support the ERM implementation from the top.

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