Tea Talk – 27 September 2024

Effective Enterprise Risk Management (ERM) and Operational Risk Management (ORM) tools are indispensable for mastering the intricate landscape of today’s business world. Integrating these advanced tools into your risk management strategy empowers organizations to proactively identify, evaluate, and mitigate threats that could jeopardize their strategic goals and operational prowess. ERM tools offer a corporate risk profile perspectives, aligning risk management with broader business strategies for a cohesive view of enterprise-wide risks, while ORM tools provide a deep dive into specific operational processes and areas, targeting detailed risk factors. The question is how do organisation harness the synergy of ERM and ORM, to achieve a comprehensive risk management approach as well as to enhance their resilience and decision-making capabilities, driving superior performance through heightened risk awareness and robust control mechanisms? And key to all of this is ensuring that not only are the correct ERM and ORM tools selected, but they are also correctly deployed.

Free 1.5 CPE HOURS for IERP® Members