How to Incorporate Quantitative Risk Assessment in Enterprise Risk Management

Organizations have long recognized the need to standardize risk management practices for consistency in identifying and analyzing risks in enterprise risk management (ERM) programs. Today, most organizations currently use qualitative or semi-quantitative assessments, which are repeatable and scalable, but can be coarse, unauditable, highly subjective, and ambiguous. This results in a highly fragmented representation of the organization’s risk landscape. Quantitative risk assessments provide a more detailed and auditable representation of risk. They can be easily aggregated and help to address the costs and benefits of mitigating risks in economic terms. However, incorporating quantitative assessments can be challenging for many organizations, as they may not see the value and think it is only for those with extensive data and experience. Join Archer experts Graeme Keith, Shelley Migliore and Steve Schlarman for this webinar to learn practical methods for adopting quantitative risk assessment into your ERM program. • Learn the important role and benefits of risk quantification in assessing, representing, and analyzing risks. • Discover how you can make informed decisions at an enterprise level through quantification. • Get practical steps to merge quantification techniques into your existing programs and workflows.