Ten common enterprise risk management (ERM) challenges are presented. These are: 1. assessing ERM's value, 2. quantifying the company's risk, 3. defining risk, 4. identifying the risk assessment method, 5. choosing between qualitative versus quantitative, 6. knowing the time horizon, 7. determining multiple potential scenarios, 8. owning ERM, 9. risk reporting, and 10. doing simulations and stress tests.
10 COMMON ERM CHALLENGES Jim Negus Risk Management; Mar 2010; 57, 2; Docstoc pg. 28 Reproduced with permission
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