The ultimate goal of enterprise risk management (ERM) is to evaluate total returns relative to total risks, leading to more informed business decisions. This sample report provides findings from a review of a company’s enterprise risk assessment. It serves as a strategic guide for implementing an ERM initiative, starting with detailed management interviews to gather insights into current organizational challenges and risks. The presentation includes a structured risk assessment process involving the formulation of risk statements, distribution of surveys to management, and live voting sessions to evaluate the significance of identified risks.

This document not only helps in pinpointing potential operational, financial, reputational and regulatory risks but also categorizes them according to their impact, likelihood and persistence. Furthermore, it outlines a pilot ERM road map, connecting risks to strategic goals, establishing risk appetite, and defining key metrics and strategies for risk management. The report is instrumental for organizations aiming to enhance their risk management frameworks, ensuring alignment with business objectives while fostering a proactive risk-aware culture. This strategic approach aids in decision-making, supports business continuity, and enhances overall corporate governance.

According to this tool, an enterprise risk assessment road map includes the following tasks:

• Provide regular updates on the status of risks.
• Establish acceptable thresholds and limits for major risks.
• Assess risk indicators, metrics and approaches.
• Choose risks for the initial ERM program.