Effectively Managing Risk Across the Enterprise: Caterpillar Inc. Case Study

 

Details

  • Type:
  • Published:
  • July 5, 2011
  • Author:
  • APQC
  • Pages:
  • 16
  • Price:
  • Your Price: $50.00
  • Member: FREE
Classic Content

In APQC's report Effectively Managing Risk Across the Enterprise, Caterpillar is one of the best-practice organizations studied.

Caterpillar has been refining its enterprise risk management processes for several years, leading to a mature program. This case study show how intricately business risk management has been integrated with strategic planning and performance management processes.

This case study also provides a close-up look at truly effective top-down support from the CEO for the process. Buy-in for ERM at Caterpillar is easily achieved because the members of the executive office own the identified enterprise risks, and they are ultimately accountable for demonstrating to their colleagues in the executive office and to the board of directors that these risks have been mitigated. Moreover, a risk coordinator at each group level is responsible for ensuring that risk mitigation actions are identified, integrated, and reported to the respective group president. Accountability for enterprise risks is engrained in the business risk management process.

Read the Report Overview

Read the best practice report: Effectively Managing Risk Across the Enterprise

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