Effectively Managing Risk Across the Enterprise: Marathon Oil Corp

 

Details

  • Type:
  • Published:
  • July 5, 2011
  • Author:
  • APQC
  • Pages:
  • 7
  • Price:
  • Your Price: $50.00
  • Member: FREE
Classic Content

Effectively Managing Risk Across the Enterprise is a new and ground-breaking report from APQC on enterprise risk management (ERM). Marathon Oil was one of the best-practice organizations in the Collaborative Benchmarking study.

Marathon Oil displays sound practices. Especially strong is the way the organization identifies and quantifies risks. Risks that are defined as enterprise risks—also referred to as enterprise “value killer” risks by Marathon—can include risks from any of the categories of risks that the company tracks: external, strategic, operational, or financial.

The enterprise risks are assessed on a five year horizon for impact and probability. Impact, rated on a high, medium, and low scale, is derived from a scored based on six factors: environmental, health and safety, reputation, business interruption or asset loss, regulatory, and financial. Probability of enterprise risk is also rated on a low, medium, and high scale based on internal and external experience.

Read the Report Overview

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

Read the additional case studies:

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