ERM is the discipline by which an organization in any industry assesses controls, exploits finances and monitors risks from all the sources for the purpose of increasing the organization's short and long term value to its stake holders.
Varying approaches to Risk Modeling and incorporating Risk Velocity.
Professional Tools & Templates
FREE Excel 2007/10 version - ERM Key Risks and Mitigation Plan Tool
This workbook will help you consider the strategic, financial, operational, compliance, reporting, and reputational risks associated with a new initiative or project. Not all initiatives or projects will have risks in all six areas, so you should not feel compelled to put something on every worksheet. This workbook will not make decisions for you, but it will help you organize your thinking as you consider your initiative or project's enterprise risk management implications.
Identify the following for each set of objectives:
Risks associated with each set of objectives
Probability of those risks impacting the objectives
Potential impacts of those risks
Strategies for mitigating, controlling, or otherwise addressing those risks
Individual(s) responsible for executing the strategies identified
FREE Excel 2007/10 version - Corporate Compliance and Ethics Accountability Matrix Tool
This tool will help you with mapping out an organization's structure, practice areas, compliance areas and subset organizational responsibility tiers and group compliance activities. This tool is used in conjunction with an organization's risk audit and consolidated into the Matrix tool.
FREE Excel 2007/10 version - Corporate Risk Ranking Tool
This tool will help you consider the factors affecting the risks faced by your organization. It will not make decisions for you, but it will help you compare the benefits and risks of each option so you can make informed decisions. The factors considered are:
Use this risk register was developed for a Utility construction organization but you can tailor to your own needs or organizational risk management guidelines. This tool allows the data to be filtered and has built-in data tables for risk scoring. The Chart is also filterable.