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Managing Enterprise Risk

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  • The New Global Risk Standard; Putting It to Work in Your Organization The New Global Risk Standard; Putting It to Work in Your Organization Phil Wilson, Founder & Chairman RuleSphere International, Inc. Recorded: Jan 17 2013 49 mins
    In this intermediate-level seminar you will learn about the critical components that make up what we believe to be the new de facto risk assessment standard which is being used by companies around the world. The big ‘take-away” from this presentation is that we can significantly increase our abilities to contend with risk assessments that require us to incorporate risk attributes such as level of business impact, threat duration, level of risk forewarning, and many others in a mathematically valid way. We can also contend with complex (multi-objective) governance decision-making that confound teams dealing with risk mitigation planning, cyber security threats and regulatory compliance challenges.

    For years companies have struggled to enhance risk assessment policy and standard operating procedures (processes). More recently, these issues have been significantly broadened with our new-found emphasis on the need to guide “good governance”. What we have needed is a global risk and governance (decision-making) standard that not only produces more consistent risk assessments but also more optimal governance decisions. The newly emerging standard helps us to achieve significant increases in forecasting accuracy and in work efficiency while transforming how we link and integrate the following activities:

    · All Forms of Strategic Planning

    · Risk Assessments & Risk Mitigation Planning

    · Control Self-Assessments (CSA’s)

    · Surveys and Polls

    · Process Maturity Modeling and Best Practice Assessments

    · Industry Benchmarking (peer averages, best-in-class performance, etc.)

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