1. ERM Executive Workshop - trends and best practice overview
- three hour on-site or web meeting for senior executives with Q&A
- establish a common understanding and consensus about ERM
- open forum for challenging questions about ERM fit for your organization
2. ERM/Operational Risk - steady state report, GAP analysis and ERM plan design
- thirty to sixty day project to understand how risks are managed in your organization
- work with executives to develop an aspirational level of maturity
- develop a phased project plan to achieve a higher level of maturity
3. ERM/Operational Risk - ERM Pilot Project
- sixty to ninety day project for research, testing and feasibility
- build a sustainable, repeatable and institutionalized business process that delivers value
- the pilot is a laboratory for testing, modification and consensus building
4. ERM/Operational Risk - design, pilot, implementation and collaborative project management
- sixty to one hundred twenty day project
- design, pilot, test, adapt and implement a full scale ERM business process
- collaborative project management with SRP team guarantees success
5. ERM Education for Board of Directors
Poor risk decisions in one business line can affect capital availability in other business lines and corporate
Marta Johnson, Bank of America at GARP conference of February 28, 2008
Enterprises are looking at risk more systematically. Corporations acknowledge that they need to understand the material risks to their value drivers. Therefore, the number of CFO's focusing a portion of their time on risk has gone up.
Stephen Lukens, global and financial management leader for IBM Global Business Services


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