Enterprise risk management : a methodology for achieving strategic objectives /
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| Author / Creator: | Monahan, Gregory, 1971- |
|---|---|
| Imprint: | Hoboken, N.J. : John Wiley & Sons, c2008. |
| Description: | xxii, 179 p. : ill. ; 24 cm. |
| Language: | English |
| Series: | Wiley & SAS business series Wiley and SAS business series. |
| Subject: | |
| Format: | Print Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/7643797 |
Table of Contents:
- Preface
- Acknowledgments
- Introduction
- Chapter 1. Defining Enterprise Risk Management
- Risks
- Risk Drivers
- Controls
- Inherent and Residual Risk
- Events
- Outcomes
- Management
- Enterprise Risk Management
- Chapter 2. Strategic Objectives
- Financial Objectives
- Statement of Financial Position
- Statement of Financial Performance
- Market Objectives
- Customers
- Suppliers
- Competitors
- Partners
- Regulators
- Operational Objectives
- Corporate Governance
- Human Resources
- Management Team
- Processes
- Systems
- Note on the Interdependence of Objectives
- Chapter 3. At-Risk Concept
- A Very Simple Distribution
- A Slightly More Interesting Distribution
- Location of the Distribution
- Basic Statistical Measures
- At-Risk Measure
- Chapter 4. SOAR (the Methodology): Strategic Objectives at Risk
- SOAR Methodology Components
- Strategic Objectives
- Execution Resources (The Enterprise Risk Management Office)
- SOAR Process
- Chapter 5. SOAR (the Process)
- Chapter 6. Set Metrics for Defined Strategic Objectives
- Why Measure?
- Classes of Metrics
- Metrics for Strategic Objectives
- Metrics for Risk Drivers
- Metrics for Controls
- Setting Metrics
- Cause and Effect
- Cause-and-Effect Diagrams
- Causal Loop Diagrams
- Process Flow Charts
- Regression Analysis
- Sensitivity Analysis
- Scenario Analysis
- Examples of Metrics
- Setting Target Values for Metrics
- Chapter 7. Observe Metric Values
- Observation Methods
- Gathering Available Data
- Calculating Data
- Self-Assessment
- Recording Observations of Metrics
- Frequency of Observation
- Triggers
- Chapter 8. Analyze Movements in Metrics
- Conducting the Analysis
- Validating the Data
- Validating Metric Choice
- Reporting Findings
- Chapter 9. React to the Metric Analysis
- Record the Rationale for Your Reaction
- Simple Task of Reacting According to the Measures
- Confidence
- Difficult Task of Managing Human Behaviors
- Chapter 10. SOAR Dashboard
- Today's Dashboard
- SOAR Black Box Recorder
- Chapter 11. Existing Enterprise Risk Management Approaches
- Six Sigma
- Balanced Scorecard
- COSO
- Chapter 12. Regulation and Compliance
- Sarbanes-Oxley Act
- Basel II
- AS/NZS 4360:2004:Risk Management
- Organizational Risk Management Policy
- Chapter 13. Application of the Concept of "Shifting the Distribution"
- GE
- Bank Treasury Operations
- Humans in Daily Life
- Airlines
- One Other Example
- Chapter 14. Implementing the SOAR Methodology
- Resourcing the Enterprise Risk Management Office
- Enterprise Risk Management Officers
- Enabling Technology
- Applying the SOAR Process
- Chapter 15. SOAR in Action Example
- Step 1. Set (Metrics)
- Cause and Effect (and Why, Why, Why?)
- Cause-and-Effect Diagrams
- Causal Loop Diagrams
- Process Flowcharts
- Regression Analysis
- Sensitivity Analysis
- Scenario Analysis
- Step 2. Observe (End-of-Year Metric Values)
- Step 3. Analyze (Movements in Metric Values)
- Step 4. React (to the End-of-Year Analysis)
- Step 1. Set
- Step 2. Observe
- Step 3. Analyze
- Step 4. React
- Conclusion
- Appendix. SOAR Methodology FAQ
- Resources
- Index
