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Tolerate, treat, transfer and terminate

helen_woolford

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Enterprise Risk Management

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A-Levels 4. Risk Response Mind Map on Enterprise Risk Management, created by helen_woolford on 20/05/2013.

Mind Map by helen_woolford, updated more than 1 year ago

	Created by helen_woolford almost 12 years ago

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Resource summary

Enterprise Risk Management

ERM Approach
1. Uniyfying Broader and more intergrated approach
2. Risks that impact the objectives, key dependencies or core processes
3. 10 main features of ERM
Defintions of ERM
1. RIMS
2. COSO
3. IIA
4. HM Treasury
ERM in practice
1. PACED
2. Benefits (FIRM)
ERM & Business continuity
1. RA needed for RM process and BIA closely related
2. ERM concerned with risk that impact processes
3. BCP concerned with actions thta should be taken to maintain continiuty of individual activties
Future Developments
1. LILAC
2. RM activities are fully embedded in business processes
3. Demonstrate measurable financial benefits

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