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Enterprise Risk Management A Methodology for Achieving Strategic Objectives


In recent years I have been amazed by the number of books written on
the subject of risk management that completely fail to prescribe risk
measurement techniques. If you are looking for a history of risk management
or information on trends in risk management or case studies on best practices
in risk management or insight on how to build the right (i.e., risk-sensitive)
culture, then you need to refer to one of those other books. This book will do
little for you if you are looking to build a business case for establishing the
enterprise risk management office or obtain budget for resources to support
your enterprise risk management framework. This book prescribes a process
for the measurement of risk associated with the achievement of strategic
objectives. Beyond prescribing measurement techniques, this book covers
some of the aspects of managing risk. You might find that strange for a book
about enterprise risk management; why would I deliberately exclude some
elements of the ‘‘management’’ bit? I offer no excuse for this, just this
explanation: There are elements to managing risk that are common to
managing anything, and covering them here would be a complete waste of
your time because I do not know these elements as well as the experts. I am
sticking to what I know and what you cannot find elsewhere. I will cover
those elements of management that need to be covered (i.e., those that relate
directly to the effective use of the results of risk measurement).You can think
of this book under an alternate title if you like: ‘‘Enterprise Risk Measurement
and Its Application.’’ I chose not to use that name purely for marketing
reasons. My publisher recommended I call the book Enterprise Risk Management:
A Methodology for Achieving Strategic Objectives, because ‘‘Enterprise
Risk Management’’ and ‘‘Strategic Objectives’’ are very popular phrases. I
like the title Wiley recommended because it reflects a core concept of my
Gregory Monahan - Personal Name
978-0-470-37233-3
NONE
Management
English
1-205
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