Transcription of Risk Management in Project Delivery - ERM …
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Risk Management in Project Delivery - ERM …
How UDOT Is Incorporating Enterprise Risk Management Into It s Project Delivery Process By Fred Doehring and Kristina Narvaez ERM improves an organization s strategic decision making by addressing threats and opportunities in a way that integrates risk Management with the strategic planning process ERM is a systematic approach to managing all of an organization s uncertainty in order to maximize shareholder value by optimizing risk taking Develop ERM goals ( SWOT Analysis ) Identify risk ( Risk assessment ) Analyze, evaluate, and prioritize critical risks Treat critical risks , considering priority ( risk treatment ) Monitor critical risks ( monitor and review ) Hazard Operational Financial Strategic Human Capital Legal Environmental Reputation Technology Enhance decision maki
ERM improves an organization’s strategic decision making by addressing threats and opportunities in a way that integrates risk management with the strategic planning
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