AGA Research Series: An Agency Guide for ERM Implementation

This AGA guide seeks to answer questions about: why ERM, how to integrate ERM into an agency’s culture and ways of doing business, and the value of ERM.

The guide is organized as follows:

  • Section I introduces ERM.
  • Section II discusses the design options for adding ERM to an agency’s processes. There is no one-size-fits-all. Rather, ERM can be viewed as a management tool that, to provide its benefits, requires a good organizational home and integration into other agency processes such as strategic planning, budgeting, and decision making.
  • Section III offers approaches to establishing the ERM function. ERM depends on widespread understanding of its benefits, and this section discusses how that can be achieved in an agency.
  • Section IV discusses the implementation of ERM and how all organizational components – agency managers and staff, the CRO, the risk committeerisk management committee, and especially agency leaders – fit together to make ERM a beneficial reality rather than merely an empty compliance exercise.
  • Finally, Section V concludes with observations about why ERM is such a powerful tool and how it differs from more traditional management approaches.
Download
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 5.00 out of 5)
Loading...
 

Disclaimer of Warranty; Due Diligence. The resources and associated files are being offered "as is," and AFERM and the contributing authors disclaims all warranties of quality, whether express or implied, including the warranties of merchantability and fitness for particular purpose. The resource content recipient acknowledges that it has not been induced by any statements or representations of any person with respect to the quality or condition of the resource and associated files and that no such statements or representations have been made.

Limitation of Liability. Neither AFERM, its officers, directors, employees, agents, or contractors nor any contributing authors will be liable for any indirect, special, consequential, or punitive damages (including lost profits) arising out of or relating to these resources and associated files (whether for breach of contract, tort, negligence, or other form of action) and irrespective of whether the AFERM or the contributing authors have been advised of the possibility of any such damage.


Leave a Reply

Your email address will not be published. Required fields are marked *