Week_15_ ERM DISCUSSION
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Chapter216Slides.pptxITS 835 enterprise risk management Chapter 2 & 16
Erm for learner-centered technology & strategic risk management
University of Cumberlands
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University of Cumberlands
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ERM for Teaching
Learning centered teaching
Flipping the classroom teaching approach
Refers to Bloom’s Cognitive Learning Taxomony
TL Methodology:
Knowledge
Comprehensive
Application
Analysis
Evaluation
Synthesis
Goal – Passive vs Active
University of Cumberlands
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5 Key changes to practice what
The Balance of Power
One way Professor to Student
The Function of Content
Students do not memorize but explore, review and assess content
The Role of the Teacher
Lectures are replaced with individual student learning
The Responsibility for Learning
Teachers Responsible Creating a Learning Environment
Evaluation Purpose and Process
Evaluations to emphasize learning
University of Cumberlands
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Conclusion
Goals rely on Bloom’s taxonomy
Increases student engagement and learning
Student success by:
Examine
Explore
Study
Review
Imagine
Assume
Hypothesize
University of Cumberlands
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University of Cumberlands
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ERM for strategic RISK MANAGEMENT
Strategic risk management
15 Years Ago
Alternative approach to risk management
Risk management
Flesh out and test theory
Early forms of practical applications
Included operational risks
Developed into strategic risk management
University of Cumberlands
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erm
Purpose
Compared to a tree with branches flowing
Emerged from risk management process roots
Preserving Assets
Protecting People
Complying with Laws and Regulations
Framework developed by COSO
Strategic function vs Compliance function
Regulatory
Security and Exchange Commission (SEC)
Dodd-Frank Wall Street Reform
Consumer Protection Act
Need for risk committee under CRO reporting to CEO
University of Cumberlands
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Erm to strategic risk management
ERM = Business Management Support Process
ERM process evolve into strategic and business planning
Strategy = careful plan or approach to meet a goal
ERM to Strategic Planning Process
Internal Scan Risk Control
External View
Assessment Process
Articulation
University of Cumberlands
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Managing value
Maps
Illustration of threats and opportunities
Two sides
Includes
Threats/Risks
Reference points
Opportunity
Potential gain
Tools
Multiple options depending on impacts
Game Theory
University of Cumberlands
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conclusion
Evolve from downside of risks to understanding that strategic decisions for upside and downside outcomes
ERM at strategic planning level, exploring opportunities throughout the year
Protecting organizational value
Adopt to risk management practices
To start create a charter with vision, mission and purpose of ERM
Ensure senior management involvement and committment
University of Cumberlands
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