Enterprise Risk Management

Description

A-Levels 4. Risk Response Mind Map on Enterprise Risk Management, created by helen_woolford on 20/05/2013.
helen_woolford
Mind Map by helen_woolford, updated more than 1 year ago
helen_woolford
Created by helen_woolford over 11 years ago
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Resource summary

Enterprise Risk Management
  1. ERM Approach
    1. Uniyfying Broader and more intergrated approach
      1. Risks that impact the objectives, key dependencies or core processes
        1. 10 main features of ERM
        2. Defintions of ERM
          1. RIMS
            1. COSO
              1. IIA
                1. HM Treasury
                2. ERM in practice
                  1. PACED
                    1. Benefits (FIRM)
                    2. ERM & Business continuity
                      1. RA needed for RM process and BIA closely related
                        1. ERM concerned with risk that impact processes
                          1. BCP concerned with actions thta should be taken to maintain continiuty of individual activties
                          2. Future Developments
                            1. LILAC
                              1. RM activities are fully embedded in business processes
                                1. Demonstrate measurable financial benefits
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