By Jim DeLoach, Protiviti Managing Director
It has become clear that traditional risk management approaches do not adequately identify, evaluate, and manage risk. Protiviti’s Jim DeLoach discusses how ERM transforms risk management to a proactive, continuous, and process-driven activity. Additionally, he offers practical ideas on how to implement ERM within an organization. These include articulating a risk management vision, using the capability maturity model, evaluating the existing risk management structure, and selecting the enterprise’s priority risks.