ERM

GRC Tuesdays: In Risk Management, a Picture Is Worth a Thousand Words

To me, this adage fully applies to risk management where the complex situation and environment of a risk can more easily be grasped visually using dedicated graphical models like the bow tie representation. Indeed, I believe this type of representation can truly ease the risk identification and mitigation phases. Furthermore, with such an easy-to-understand representation, the myth of risk management being a complicated process vanishes and people can focus on the true value of risk management – making decisions. (more…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (7 votes cast)

GRC Tuesdays: Country Risk and Enterprise Risk Management

In many companies, country risk is treated separately to risks registered in their enterprise risk management (ERM) framework and reported independently to the board – most often by using political risk maps. To me, this is an error because country risk has a direct impact on operational risks. This impact should be materialized so that the correct mitigation strategy can be decided and applied. (more…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (9 votes cast)

GRC Tuesdays: Good Use of Collaboration in Risk Management

by Thomas Frenehard, GRC, SAP

I think we’ll all agree: risk management is all about breaking silos. Indeed, an enterprise risk management (ERM) program can only be efficient if it crosses departments and functions.

If only one area of the organization successfully monitors and mitigates its risks, then the program as a whole isn’t effective in protecting the company’s value drivers.

(more…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (9 votes cast)

GRC Tuesdays: Assessing Your Enterprise Risk Management Process

by Thomas Frenehard, GRC, SAP

Once you have implemented an enterprise risk management (ERM) process, one of the frequent questions becomes: So, is it effective? Furthermore, assessing the ERM process can now be a regulatory requirement in some regions.

In this post, I’d like to offer a few thoughts and some indicators that I believe could be a good starting point for such an assessment. (more…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (9 votes cast)

How to See Risk Management as Your Accelerator, Not Your Brakes

Most businesses want to grow, but a degree of exposure to risk is inevitable. Of course, you can’t eliminate risk altogether, but the bigger the reward, the more complex the potential risks are.

(more…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)

Next Page »

RSS Feed Subscription

Subscribe to the Analytics from SAP Blog or individual categories.

Analytics from SAP Blog

  • Analytic Applications Feed for all posts filed under Analytic Applications
  • Analytics Strategy Feed for all posts filed under Analytics Strategy
  • Big Data Feed for all posts filed under Big Data
  • Blog Archives Feed for all posts filed under Blog Archives
  • Business Intelligence Feed for all posts filed under Business Intelligence
  • Collaboration Feed for all posts filed under Collaboration
  • Data Visualization Feed for all posts filed under Data Visualization
  • Data Warehousing Feed for all posts filed under Data Warehousing
  • EIM Feed for all posts filed under EIM
  • EPM Feed for all posts filed under EPM
  • GRC Feed for all posts filed under GRC
  • Mobile Analytics Feed for all posts filed under Mobile Analytics
  • Predictive Analytics Feed for all posts filed under Predictive Analytics
  • SAP HANA Feed for all posts filed under SAP HANA
  • ×