Suddenly everything changes

1. Enterprise Risk Management
Suddenly everything changes
Wilson Fyffe
President
The Futurist Institute
Singapore
March 2014
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2. The 5 most important messages
1.
2.
3.
4.
5.
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ERM is now delegated
from the CEO
ERM is a rapidly
expanding topic
Rapid ERM education
tools are available online
The Enterprise Risk
Profile can be reduced to
a single value
ERM well done can be
an asset
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3. ERM is now delegated from the CEO
Publicly listed companies
in the USA are required to
declare risks in their annual
reports (“Form 10-k”)
2. Many major organizations
have risk management
committees
3. The “Chief Risk Officer”
role is becoming more
common
4. ERM is now appearing in
the responsibilities lists of
many operations
executives
1.
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4. ERM is a rapidly expanding topic
 The probability mathematics
developed in the 17th and 18th
centuries by Pascal, Fermat and
the Bernoulli brothers, James
and Nicholas, led to the
formation of risk insurance
organizations such as Lloyds of
London.
 Understanding the chances of
success of trading ships’
voyages allowed greater
investment in the shipping
industry
 This has led to a very large
community of ERM
professionals and a demand for
assistance from IT
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5. Rapid ERM education tools are available online
An online solution available
from Amplios Group:
 A database of thousands of
future events complete with
source references
 The probability of occurrence
of future events X their
impact on our business case
gives us the relative
weighted outcomes.
 These can be assigned
positive or negative values
 The events can be color
coded to show our degree of
control
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<<< Negative | Positive >>>
We can communicate the
overall sense of risk with a
bar chart like the above

6. Rapid ERM education tools are available online . . .
The service
accommodates
> 1,000 topics
X > 500
locations X >20
languages
Global
issues
Country
issues
6
Local
issues Copyright 2014 Amplios Consultants Pte Ltd.
(c)
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7. Rapid ERM education tools are available online . . .
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The graph
gives an
overall sense
of risk for this
particular
investment
scenario. The
overall
weighted
impact
reduces the
scenario to a
single value.
The future
events and
their values
can be
changed
online, giving
an alternate
scenario.

8. ERM well done can be an asset
 It gets all your
stakeholders and
management on the same
page
 Is an important ingredient
in talent management, in
particular attraction of new
employees
 Shareholders, both private
and public, place a high
value on the organization’s
performance here
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Our Amplios ERM methodology
was featured recently by the
Switzerland-based futurist
Woody Wade

9. Thank you for your visit
To contact us, please
Visit our website:
Web:
www.amplios.net
Email us at:
ERM@amplios.net
Attention:
Wilson Fyffe
President
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(c) Copyright 2014 Amplios Consultants Pte Ltd.
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