ERM Implementation: Minimal Footprint

Risk Commentary

New website = riskcommentary.ca
How can we roll out Enterprise Risk Management with a minimal footprint?
Edited for length

What is ERM in relation to your entire management practise?

Principles-based approach

• value proposition and cost-benefit analysis - principle: self-proven
• execution - principle: organic growth
• working methods - principle: rigour of definitions and procedure
• enterprise implementation - principle: integrated w planning
• policy, standard and governance - principle: minimalism
• benefits - principle: direct effects plus higher order outcomes

Refer to book for details:

• communications plan
• performance and success criteria
• integrating Business Continuity and Emergency Planning
• other risk management sub-disciplines
• capability maturity model
• assess the level of development of your ERM regime.

Summary
How do we maintain a minimal footprint in the implementation?
[see unedited transcript for full discussion]

The next episode will review in a more complete and systematic way the principles of successful ERM implementation.

KEY QUOTE
“Program managers of new initiatives are under pressure to show results, and it is easy (but risky) to communicate promises rather than demonstrate the work. Focus on a low-key approach that relies on evidence of benefits.” (Solving the ERM Puzzle... p.75)

LINKS
Full unedited transcript: available at RiskCommentary.ca
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation

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