Principles of Successful ERM Implementation

Risk Commentary

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How to implement an Enterprise Risk Management regime that is readily accepted and endures? Answer: by mastering the principles of program success, which will set you apart as an administrator.
Edited for length.

Employ proven success factors for program implementation shown in studies.
1. clear goals and objectives - how to formulate them?
2. senior executive support - how to secure meaningful exec support?
3. staff buy-in, the age-old problem - how to get take-up? is software the answer?
4. program adequacy - how does bad ERM design scuttle the program?
5. adequate resources - how to support people’s efforts
6. program champion - significant role for organizational change
7. incremental implementation - avoid common fail in a monolithic imposition

Value add: How to compile more risk criteria specifically for your business.
and
Summary
[see unedited transcript for full discussion]

Use all these principles as Risk Categories in your next risk ID session.

KEY QUOTE
“Master the principles of program success that have already been studied, and really apply to all administrative programs, all management initiatives -- not just ERM.”

LINKS
Full unedited transcript: available at RiskCommentary.ca
(E. Robertson 2016) Solving the Enterprise Risk Management Puzzle: Secrets to Successful Implementation
Program implementation -- failure and success factors: please see the resources I listed in Episode 3.

20 episodes

#MBA #Business #Edward Robertson #Enterprise Risk Management #Innovation #Program Implementation #Enterprise Risk Management Framework #Enterprise Risk Management Definition #Enterprise Risk Management Process #ERMs #Riskmanagement #Riskassessment #Riskanalysis #Risk Identification #Iso31000 #Coso