SlideShare a Scribd company logo

Enterprise Risk Management

•Download as PPT, PDF•
•
Croydon Consulting, LLC
Croydon Consulting, LLC

Overview of enterprise risk management and process for setting up a program

Economy & Finance
1 of 21
AH&T Nonprofit’s 13 th Annual Risk Management Seminar Leslie T. White CPCU, CIC, ARM, CRM Croydon Consulting, LLC November 10, 2005 Enterprise Risk Management
Risk Management A discipline for dealing with the possibility that some future event may cause unexpected results Dealing with uncertainty . . .
Principles of Enterprise Risk Management ,[object Object],[object Object],[object Object]
Purpose of Enterprise Risk Management ,[object Object],[object Object],[object Object],[object Object]
Dealing with uncertainty . . . ,[object Object],[object Object],[object Object],[object Object]
Dealing with uncertainty . . . ,[object Object],[object Object],[object Object]
Innovation requires risk taking. Taking risks requires informed, fact-based decision making. Why Risk Management?
Risk Management Roles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Roles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Program Development Plan ,[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Program Development Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management Attitudes ,[object Object],[object Object],[object Object],[object Object]
Risk Management Basics ,[object Object],[object Object],[object Object],[object Object],[object Object]
The first standard that should be in effect for any organization is the safety of its constituents. Goal of Risk Management
Risk Management Cycle Identify risks Evaluate & prioritize risks Select risk management techniques Implement techniques Monitor & improve the program
Risk Management Process 1. Acknowledge and identify risks “ What could go wrong?” ,[object Object],[object Object],[object Object],[object Object],Nonprofit Assets Dimensions of Risk ,[object Object],[object Object],[object Object],[object Object]
Risk Management Process 2. Evaluate and prioritize risks Frequency Severity Risk Analysis
Risk Management Process 3. Select and implement risk management techniques Avoidance Modification Retention Transfer “ What will we do?”
Risk Management Process 4. Monitor and update the program ,[object Object],[object Object],[object Object]
Cost of Risk ,[object Object],[object Object],[object Object],[object Object]
Croydon Consulting, LLC Leslie T. White, CPCU, CIC, ARM, CRM P. O. Box 1414 Severna Park, MD 21146-8414 410-544-0913 Fax 410-544-9913 Email: Lwhite@croydonconsult.com www.croydonconsult.com

Recommended

Enterprise Risk Management (ERM); From theory to practice
Enterprise Risk Management (ERM); From theory to practiceEnterprise Risk Management (ERM); From theory to practice
Enterprise Risk Management (ERM); From theory to practiceSegun Ogunwale
 
Risk Management ERM Presentation
Risk Management ERM PresentationRisk Management ERM Presentation
Risk Management ERM Presentationalygale
 
ERM-Enterprise Risk Management
ERM-Enterprise Risk ManagementERM-Enterprise Risk Management
ERM-Enterprise Risk ManagementJorge Vaz Girão , CISA, PMP, PMDPro I, ERMCP
 
PECB Webinar: ISO 31000 – Risk Management and how it can help an organization
PECB Webinar: ISO 31000 – Risk Management and how it can help an organizationPECB Webinar: ISO 31000 – Risk Management and how it can help an organization
PECB Webinar: ISO 31000 – Risk Management and how it can help an organizationPECB
 
Risk Management
Risk ManagementRisk Management
Risk ManagementShahan Ullah
 
Risk management
Risk managementRisk management
Risk managementHarold Malamion
 
Risk Management Framework
Risk Management FrameworkRisk Management Framework
Risk Management FrameworkAnand Subramaniam
 
Risk Appetite
Risk AppetiteRisk Appetite
Risk AppetiteTowers Perrin
 

Recommended

Enterprise Risk Management (ERM); From theory to practice
Enterprise Risk Management (ERM); From theory to practiceEnterprise Risk Management (ERM); From theory to practice
Enterprise Risk Management (ERM); From theory to practiceSegun Ogunwale
 
Risk Management ERM Presentation
Risk Management ERM PresentationRisk Management ERM Presentation
Risk Management ERM Presentationalygale
 
ERM-Enterprise Risk Management
ERM-Enterprise Risk ManagementERM-Enterprise Risk Management
ERM-Enterprise Risk ManagementJorge Vaz Girão , CISA, PMP, PMDPro I, ERMCP
 
PECB Webinar: ISO 31000 – Risk Management and how it can help an organization
PECB Webinar: ISO 31000 – Risk Management and how it can help an organizationPECB Webinar: ISO 31000 – Risk Management and how it can help an organization
PECB Webinar: ISO 31000 – Risk Management and how it can help an organizationPECB
 
Risk Management
Risk ManagementRisk Management
Risk ManagementShahan Ullah
 
Risk management
Risk managementRisk management
Risk managementHarold Malamion
 
Risk Management Framework
Risk Management FrameworkRisk Management Framework
Risk Management FrameworkAnand Subramaniam
 
Risk Appetite
Risk AppetiteRisk Appetite
Risk AppetiteTowers Perrin
 
Introduction to risk management
Introduction to risk managementIntroduction to risk management
Introduction to risk managementKannan Subbiah
 
Risk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation SlidesRisk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation SlidesSlideTeam
 
Risk Management Overview
Risk Management OverviewRisk Management Overview
Risk Management OverviewJIGNESH PADIA
 
Strategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management RightStrategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management RightProformative, Inc.
 
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB
 
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...PECB
 
Risk management
Risk managementRisk management
Risk managementbaderali2141
 
C-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksC-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksAronson LLC
 
Strategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected RisksStrategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected RisksInternational Federation of Accountants
 
Enterprise Risk Management
Enterprise Risk ManagementEnterprise Risk Management
Enterprise Risk ManagementPYA, P.C.
 
Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute Turlough Guerin GAICD FGIA
 
How to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management FrameworkHow to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management FrameworkColleen Beck-Domanico
 
Risk appetite
Risk appetite Risk appetite
Risk appetite Michel Rochette
 
Risk management
Risk managementRisk management
Risk managementBabasab Patil
 
Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides SlideTeam
 
Risk Management
Risk ManagementRisk Management
Risk Managementcgeorgeo
 
Module 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdfModule 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdfmarjondimafilis
 
Risk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation SlidesRisk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
 
A compliance officer's guide to third party risk management
A compliance officer's guide to third party risk managementA compliance officer's guide to third party risk management
A compliance officer's guide to third party risk managementSALIH AHMED ISLAM
 
Integrating Strategy and Risk Management
Integrating Strategy and Risk ManagementIntegrating Strategy and Risk Management
Integrating Strategy and Risk ManagementAndrew Smart
 
Enterprise Risk Management Erm
Enterprise Risk Management ErmEnterprise Risk Management Erm
Enterprise Risk Management ErmNexus Aid
 
Enterprise Risk Management Framework
Enterprise Risk Management FrameworkEnterprise Risk Management Framework
Enterprise Risk Management FrameworkNigel Tebbutt
 

More Related Content

What's hot

Introduction to risk management
Introduction to risk managementIntroduction to risk management
Introduction to risk managementKannan Subbiah
 
Risk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation SlidesRisk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation SlidesSlideTeam
 
Risk Management Overview
Risk Management OverviewRisk Management Overview
Risk Management OverviewJIGNESH PADIA
 
Strategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management RightStrategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management RightProformative, Inc.
 
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB
 
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...PECB
 
C-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksC-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksAronson LLC
 
Strategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected RisksStrategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected RisksInternational Federation of Accountants
 
Enterprise Risk Management
Enterprise Risk ManagementEnterprise Risk Management
Enterprise Risk ManagementPYA, P.C.
 
Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute Turlough Guerin GAICD FGIA
 
How to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management FrameworkHow to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management FrameworkColleen Beck-Domanico
 
Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides SlideTeam
 
Risk Management
Risk ManagementRisk Management
Risk Managementcgeorgeo
 
Module 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdfModule 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdfmarjondimafilis
 
Risk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation SlidesRisk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation SlidesSlideTeam
 
A compliance officer's guide to third party risk management
A compliance officer's guide to third party risk managementA compliance officer's guide to third party risk management
A compliance officer's guide to third party risk managementSALIH AHMED ISLAM
 
Integrating Strategy and Risk Management
Integrating Strategy and Risk ManagementIntegrating Strategy and Risk Management
Integrating Strategy and Risk ManagementAndrew Smart
 

What's hot (20)

Introduction to risk management
Introduction to risk managementIntroduction to risk management
Introduction to risk management
 
Risk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation SlidesRisk Management module PowerPoint Presentation Slides
Risk Management module PowerPoint Presentation Slides
 
Risk Management Overview
Risk Management OverviewRisk Management Overview
Risk Management Overview
 
Strategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management RightStrategic Risk Management as a CFO: Getting Risk Management Right
Strategic Risk Management as a CFO: Getting Risk Management Right
 
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain timesPECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
PECB Webinar: ISO 31000 - The Benchmark for Risk Management in uncertain times
 
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
Implementation of Enterprise Risk Management with ISO 31000 Risk Management S...
 
Risk management
Risk managementRisk management
Risk management
 
C-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksC-Suite’s Guide to Enterprise Risk Management and Emerging Risks
C-Suite’s Guide to Enterprise Risk Management and Emerging Risks
 
Strategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected RisksStrategic Risk Management in the Face of Uncertainty and Unexpected Risks
Strategic Risk Management in the Face of Uncertainty and Unexpected Risks
 
Enterprise Risk Management
Enterprise Risk ManagementEnterprise Risk Management
Enterprise Risk Management
 
Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute Risk Management for Directors - Governance Institute
Risk Management for Directors - Governance Institute
 
How to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management FrameworkHow to Build an Enterprise Risk Management Framework
How to Build an Enterprise Risk Management Framework
 
Risk appetite
Risk appetite Risk appetite
Risk appetite
 
Risk management
Risk managementRisk management
Risk management
 
Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides Enterprise Risk Management PowerPoint Presentation Slides
Enterprise Risk Management PowerPoint Presentation Slides
 
Risk Management
Risk ManagementRisk Management
Risk Management
 
Module 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdfModule 1 - Introduction to Risk Management.pdf
Module 1 - Introduction to Risk Management.pdf
 
Risk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation SlidesRisk Management Process And Procedures PowerPoint Presentation Slides
Risk Management Process And Procedures PowerPoint Presentation Slides
 
A compliance officer's guide to third party risk management
A compliance officer's guide to third party risk managementA compliance officer's guide to third party risk management
A compliance officer's guide to third party risk management
 
Integrating Strategy and Risk Management
Integrating Strategy and Risk ManagementIntegrating Strategy and Risk Management
Integrating Strategy and Risk Management
 

Viewers also liked

Enterprise Risk Management Erm
Enterprise Risk Management ErmEnterprise Risk Management Erm
Enterprise Risk Management ErmNexus Aid
 
Enterprise Risk Management Framework
Enterprise Risk Management FrameworkEnterprise Risk Management Framework
Enterprise Risk Management FrameworkNigel Tebbutt
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk managementAndre Knipe
 
Implementing Enterprise Risk Management with ISO 31000:2009
Implementing Enterprise Risk Management with ISO 31000:2009Implementing Enterprise Risk Management with ISO 31000:2009
Implementing Enterprise Risk Management with ISO 31000:2009Goutama Bachtiar
 
Risk & Risk Management
Risk & Risk ManagementRisk & Risk Management
Risk & Risk Managementansula
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk managementAnu Damodaran
 
Coso Erm(2)
Coso Erm(2)Coso Erm(2)
Coso Erm(2)deeptica
 
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...prosenzw69
 
Risk mangement
Risk mangementRisk mangement
Risk mangementcollege
 
Enterprise management systems
Enterprise management systems Enterprise management systems
Enterprise management systems Sanu Francis
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk managementRashi Saxena
 
Privacy issues and internet privacy
Privacy issues and internet privacyPrivacy issues and internet privacy
Privacy issues and internet privacyvinyas87
 
ISO 31000 Risk Management
ISO 31000 Risk ManagementISO 31000 Risk Management
ISO 31000 Risk ManagementRamiro Cid
 

Viewers also liked (18)

Enterprise Risk Management Erm
Enterprise Risk Management ErmEnterprise Risk Management Erm
Enterprise Risk Management Erm
 
Enterprise Risk Management Framework
Enterprise Risk Management FrameworkEnterprise Risk Management Framework
Enterprise Risk Management Framework
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk management
 
Risk management
Risk managementRisk management
Risk management
 
Implementing Enterprise Risk Management with ISO 31000:2009
Implementing Enterprise Risk Management with ISO 31000:2009Implementing Enterprise Risk Management with ISO 31000:2009
Implementing Enterprise Risk Management with ISO 31000:2009
 
Risk & Risk Management
Risk & Risk ManagementRisk & Risk Management
Risk & Risk Management
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk management
 
Coso Erm(2)
Coso Erm(2)Coso Erm(2)
Coso Erm(2)
 
Enterprise Risk Management 2015 PDF
Enterprise Risk Management 2015 PDFEnterprise Risk Management 2015 PDF
Enterprise Risk Management 2015 PDF
 
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...
UCI Exec. MBA & Forum for Corp. Directors July 2009 - Board Governance: E...
 
COSO ERM
COSO ERMCOSO ERM
COSO ERM
 
Risk mangement
Risk mangementRisk mangement
Risk mangement
 
Enterprise management systems
Enterprise management systems Enterprise management systems
Enterprise management systems
 
Enterprise risk management
Enterprise risk managementEnterprise risk management
Enterprise risk management
 
Privacy issues and internet privacy
Privacy issues and internet privacyPrivacy issues and internet privacy
Privacy issues and internet privacy
 
ISO 31000 Risk Management
ISO 31000 Risk ManagementISO 31000 Risk Management
ISO 31000 Risk Management
 
The Purpose And Goals Of Risk Management
The Purpose And Goals Of Risk ManagementThe Purpose And Goals Of Risk Management
The Purpose And Goals Of Risk Management
 
Shaft sinkers
Shaft sinkersShaft sinkers
Shaft sinkers
 

Similar to Enterprise Risk Management

CAVR 2009 Risk Management PPT
CAVR 2009 Risk Management PPTCAVR 2009 Risk Management PPT
CAVR 2009 Risk Management PPTVolunteer Alberta
 
ToTCOOP+i O3 o4 unit-9_final_version_en
ToTCOOP+i O3 o4 unit-9_final_version_enToTCOOP+i O3 o4 unit-9_final_version_en
ToTCOOP+i O3 o4 unit-9_final_version_enToTCOOPiTech
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinsteinRamaica Ona
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinsteinAahil Malik
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinsteinSukumar Reddy
 
A5 b1 risk assessement_suzanne gibson_en
A5 b1 risk assessement_suzanne gibson_enA5 b1 risk assessement_suzanne gibson_en
A5 b1 risk assessement_suzanne gibson_enocasiconference
 
Enterprise Risk Management ~ Inovastra
Enterprise Risk Management ~ InovastraEnterprise Risk Management ~ Inovastra
Enterprise Risk Management ~ InovastraNik Hasyudeen
 
Operational Risk Management & Strategic Planning
Operational Risk Management & Strategic PlanningOperational Risk Management & Strategic Planning
Operational Risk Management & Strategic PlanningEneni Oduwole
 
Risk Management Toolkit
Risk Management ToolkitRisk Management Toolkit
Risk Management ToolkitPeterFranz6
 
Qpr 8 Risk Management And Compliance Solution
Qpr 8 Risk Management And Compliance SolutionQpr 8 Risk Management And Compliance Solution
Qpr 8 Risk Management And Compliance SolutionIycon India
 
Risk Management.docx
Risk Management.docxRisk Management.docx
Risk Management.docxCPA Australia
 
Financial Management Of Head Starts.1.Qa
Financial Management Of Head Starts.1.QaFinancial Management Of Head Starts.1.Qa
Financial Management Of Head Starts.1.QaReginald Walker
 
Assessment Of Risk Mitigation
Assessment Of Risk MitigationAssessment Of Risk Mitigation
Assessment Of Risk MitigationEneni Oduwole
 
Risk Mgt Training Slides.pdf
Risk Mgt Training Slides.pdfRisk Mgt Training Slides.pdf
Risk Mgt Training Slides.pdfBrianShanny2
 

Similar to Enterprise Risk Management (20)

CAVR 2009 Risk Management PPT
CAVR 2009 Risk Management PPTCAVR 2009 Risk Management PPT
CAVR 2009 Risk Management PPT
 
ToTCOOP+i O3 o4 unit-9_final_version_en
ToTCOOP+i O3 o4 unit-9_final_version_enToTCOOP+i O3 o4 unit-9_final_version_en
ToTCOOP+i O3 o4 unit-9_final_version_en
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinstein
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinstein
 
1 -corinne_berinstein
1 -corinne_berinstein1 -corinne_berinstein
1 -corinne_berinstein
 
Event planners Emergency Preparedness: Risk Management
Event planners Emergency Preparedness: Risk ManagementEvent planners Emergency Preparedness: Risk Management
Event planners Emergency Preparedness: Risk Management
 
A5 b1 risk assessement_suzanne gibson_en
A5 b1 risk assessement_suzanne gibson_enA5 b1 risk assessement_suzanne gibson_en
A5 b1 risk assessement_suzanne gibson_en
 
Enterprise Risk Management ~ Inovastra
Enterprise Risk Management ~ InovastraEnterprise Risk Management ~ Inovastra
Enterprise Risk Management ~ Inovastra
 
Creating Value Through Enterprise Risk Management
Creating Value Through Enterprise Risk Management Creating Value Through Enterprise Risk Management
Creating Value Through Enterprise Risk Management
 
Operational Risk Management & Strategic Planning
Operational Risk Management & Strategic PlanningOperational Risk Management & Strategic Planning
Operational Risk Management & Strategic Planning
 
Risk Management Toolkit
Risk Management ToolkitRisk Management Toolkit
Risk Management Toolkit
 
Risk analysis and risk mgt.
Risk analysis and risk mgt.Risk analysis and risk mgt.
Risk analysis and risk mgt.
 
Qpr 8 Risk Management And Compliance Solution
Qpr 8 Risk Management And Compliance SolutionQpr 8 Risk Management And Compliance Solution
Qpr 8 Risk Management And Compliance Solution
 
Risk Management.docx
Risk Management.docxRisk Management.docx
Risk Management.docx
 
Erm talking points
Erm talking pointsErm talking points
Erm talking points
 
CORPORATE GOVERNANCE ppt.pptx
CORPORATE GOVERNANCE ppt.pptxCORPORATE GOVERNANCE ppt.pptx
CORPORATE GOVERNANCE ppt.pptx
 
CORPORATE GOVERNANCE ppt.pptx
CORPORATE GOVERNANCE ppt.pptxCORPORATE GOVERNANCE ppt.pptx
CORPORATE GOVERNANCE ppt.pptx
 
Financial Management Of Head Starts.1.Qa
Financial Management Of Head Starts.1.QaFinancial Management Of Head Starts.1.Qa
Financial Management Of Head Starts.1.Qa
 
Assessment Of Risk Mitigation
Assessment Of Risk MitigationAssessment Of Risk Mitigation
Assessment Of Risk Mitigation
 
Risk Mgt Training Slides.pdf
Risk Mgt Training Slides.pdfRisk Mgt Training Slides.pdf
Risk Mgt Training Slides.pdf
 

Recently uploaded

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...kajalverma014
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...jeffreytingson
 
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & RequirementsExplore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirementsmarketingkingdomofku
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationAdnet Communications
 
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...Call Girls Mumbai
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Adnet Communications
 
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...priyasharma62062
 
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfCocity Enterprises
 
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...Henry Tapper
 
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...batoole333
 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator OptionsVince Stanzione
 
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...priyasharma62062
 
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...rightmanforbloodline
 
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...sanakhan51485
 
Benefits & Risk Of Stock Loans
Benefits & Risk Of Stock LoansBenefits & Risk Of Stock Loans
Benefits & Risk Of Stock LoansMartinRowse
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsDeepika Singh
 
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...priyasharma62062
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesFalcon Invoice Discounting
 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfHenry Tapper
 

Recently uploaded (20)

Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
 
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & RequirementsExplore Dual Citizenship in Africa | Citizenship Benefits & Requirements
Explore Dual Citizenship in Africa | Citizenship Benefits & Requirements
 
Strategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate PresentationStrategic Resources May 2024 Corporate Presentation
Strategic Resources May 2024 Corporate Presentation
 
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
Vip Call Girls Rasulgada😉 Bhubaneswar 9777949614 Housewife Call Girls Servic...
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
 
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
Female Russian Escorts Mumbai Call Girls-((ANdheri))9833754194-Jogeshawri Fre...
 
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
 
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
20240419-SMC-submission-Annual-Superannuation-Performance-Test-–-design-optio...
 
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
 
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
 
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
 
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
Escorts Indore Call Girls-9155612368-Vijay Nagar Decent Fantastic Call Girls ...
 
Benefits & Risk Of Stock Loans
Benefits & Risk Of Stock LoansBenefits & Risk Of Stock Loans
Benefits & Risk Of Stock Loans
 
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot GirlsMahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
Mahendragarh Escorts 🥰 8617370543 Call Girls Offer VIP Hot Girls
 
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdf
 

Enterprise Risk Management

  • 1. AH&T Nonprofit’s 13 th Annual Risk Management Seminar Leslie T. White CPCU, CIC, ARM, CRM Croydon Consulting, LLC November 10, 2005 Enterprise Risk Management
  • 2. Risk Management A discipline for dealing with the possibility that some future event may cause unexpected results Dealing with uncertainty . . .
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. Innovation requires risk taking. Taking risks requires informed, fact-based decision making. Why Risk Management?
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. The first standard that should be in effect for any organization is the safety of its constituents. Goal of Risk Management
  • 15. Risk Management Cycle Identify risks Evaluate & prioritize risks Select risk management techniques Implement techniques Monitor & improve the program
  • 16.
  • 17. Risk Management Process 2. Evaluate and prioritize risks Frequency Severity Risk Analysis
  • 18. Risk Management Process 3. Select and implement risk management techniques Avoidance Modification Retention Transfer “ What will we do?”
  • 19.
  • 20.
  • 21. Croydon Consulting, LLC Leslie T. White, CPCU, CIC, ARM, CRM P. O. Box 1414 Severna Park, MD 21146-8414 410-544-0913 Fax 410-544-9913 Email: Lwhite@croydonconsult.com www.croydonconsult.com