Leverage Technology for Uniformity, Collaboration, and Risk Correlation

 

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One of the more challenging items on the ERM leader's plate is developing a way to provide managers and senior executives with a single, unified perspective on the strategic risks that span the enterprise. Without that single version of the truth, it can be difficult to monitor risk dependencies and correlations. Although a risk might seem harmless in isolation, it could deliver a significant blow to a company when combined with related risks. 

In this article, derived from APQC's best practice report, Enterprise Risk Management: Seven Imperatives for Process Excellence, Exxaro Resources Ltd., a best-practice organization in the study, offers a clear illustration of how a dedicated software solution helped to drive uniformity, collaboration, and risk correlation.

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