- February 27, 2014
- Member: FREE
Organizations have been using risk management tools to help executives come to consensus on the fastest-moving, highest-impact risks that could disrupt a company’s strategy or current operating model.
What's more difficult is quantifying the potential financial impact that accompanies a truly large business risk. Still, there is evidence that enterprise risk managers—the ERM leaders who communicate regularly with the c-suite and the board—are reaching for assessment tools that rely on quantification, not just group opinion. True best-practice ERM leaders are trying to clarify how much actual shareholder value is at stake given a major risk that has been identified.