Thursday, February 18, 2010

Six Myths in Assessing Risk

Great 1-page summary with graphics from business advisory firm Corporate Executive Board

  1. The biggest risk my company faces is financial risk
  2. My company is safe because we review risks and
    prioritize mitigation efforts annually
  3. We are good at risk-sensing because we have invested in
    3 enterprise risk management (ERM) systems
  4. We are well protected because we have a strong
    quantitative model to measure risk
  5. Our risk assessment is comprehensive because we
    account for likelihood and impact
  6. We can sense and protect business better because we manage risks at the business unit (BU) level

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