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Identifying risks in the realm of enterprise risk management
Author(s) -
Carroll Roberta
Publication year - 2016
Publication title -
journal of healthcare risk management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 16
eISSN - 2040-0861
pISSN - 1074-4797
DOI - 10.1002/jhrm.21206
Subject(s) - realm , risk management , enterprise risk management , business , risk analysis (engineering) , it risk management , finance , political science , law
An enterprise risk management (ERM) discipline is comprehensive and organization‐wide. The effectiveness of ERM is governed in part by the strength and breadth of its practices and processes. An essential element in decision making is a thorough process by which organizational risks and value opportunities can be identified. This article will offer identification techniques that go beyond those used in traditional risk management programs and demonstrate how these techniques can be used to identify risks and opportunity in the ERM environment.