Book description
The most practical and sensible way to implement ERM-while avoiding
all of the classic mistakes
Emphasizing an enterprise risk management approach that utilizes
actual business data to estimate the probability and impact of key
risks in an organization, Practical Enterprise Risk Management: A
Business Process Approach boils this topic down to make it
accessible to both line managers and high level executives alike. The
key lessons involve basing risk estimates and prevention techniques on
known quantities rather than subjective estimates, which many popular
ERM methodologies consist of.
- Shows readers how to look at real results and actual business
processes to get to the root cause of key risks
- Explains how to manage risks based on an understanding of the
problem rather than best guess estimates
- Emphasizes a focus on potential outcomes from existing
processes, as well as a look at actual outcomes over time
Throughout, practical examples are included from various healthcare,
manufacturing, and retail industries that demonstrate key concepts,
implementation guidance to get started, as well as tables of risk
indicators and metrics, physical structure diagrams, and graphs.
Gregory H. Duckert, CPA, CISA, CIA, CRISC, is?the CEO and Founder of
Virtual Governance Institute, an organization specializing in
consultation for major corporations regarding progressive
audit/consulting methodologies, data centric enterprise risk
assessment models, including financial, operational, regulatory and
IT, and continuous audit/consulting platforms. He has developed
extensive risk assessment metric inventories for evaluating risks in
all organizational areas including operations, IT application systems,
IT operations, regulatory and financial areas,?and is currently in the
process of creating a Data Centric Risk Assessment and Management
Model for a major corporation. He is also a Senior Consultant for MIS
Training Institute and a lead instructor in their audit practice area
on an independent contractor basis. He is conducting seminars or
speaking at MIS events approximately 130 days a year.
