Enterprise Risk Management process

The different tools and skills associated with corporate governance and the management of enterprise risk fit into a three-stage process that can be simply expressed as risk mapping, risk modelling and risk control.

To succeed, the process must begin with a rigorous and systematic identification of risks at the right breadth and depth. Each risk scenario needs to be clearly defined, assessed for impact and likelihood, and ranked for priority of attention. This mapping stage of the process is called "Total Risk Profiling" or TRP »