ERM at Intuit
E_RK
chapter-15.pptx
Chapter15
Embedding ERM into Strategic Planning at the City of Edmonton
Introduction
Edmonton – Past and present ERM
Links to strategic plan and to other strategic tools
Selecting and testing tools and framework
Recommended strategic ERM approach
Lessons learned
Edmonton – Past and Present ERM
Edmonton – Capital of Alberta, Canada
Over 800,00 population
ERM piloted in 2005
CORPORATE Business Risk Planning (CBRP) model
Not fully implemented
Based on COSO
Adopted strategic plan
The Way Ahead
Strategic ERM
Links to Strategic Plan
Selecting and Testing Tools and Framework
Selecting and Testing Tools and Framework
Strategic Goals and Objectives
Risks and Strategic Objectives
ISO 31000 Risk Management
PM2 versus ISO 31000
Proposed ERM Framework
Summary
Key success factors
Senior management buy-in
Culture of innovation
Consistency of model across goals
Resource requirements for department SMEs
Department accountability for key risks
Process of selecting and implementing framework
Takes longer than expected
No system is perfect
Do not roll out all at once
Clearly define all milestones and deliverables
