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This is awesome. Thanks.

Beautifully explained

Good work!

Hi i am currently studying Risk management. Can yo you explain this in a bit more detail, the tile is (SRM) vs (ERM) but i thought (TRM) was different than (ERM) i understand that changes in the 1990s led to (ERM) but i thought that (TRM) was separate from (ERM)

Thanks a lot

risk is driven by strategy ( choice enviroment of doing business, setting goals & cascade objectives, allocating resources and align core value)

I really loved how you explained. Thank you.

Sir, May i know any sources where i get training on Risk Management and ERM

Interesting!

What is weight refering from? Why only likelihood has been taken into consideration?

thankyou so much!

Thinks extremely well delivered and helpful! Thank you! Great refresher.

Hello friends, I have a few questions: 1 / What is the difference between COSO internal control and ERM ?. 2 / Why and When a company should implement ERM instead of internal control ?.

Why will we leave the market if the customer's count exceeds 7000? it is a positive result

Great video, spot on. For more free material, see and feel free to reach out: www.scirp.org/journal/paperinformation.aspx?paperid=35093 Sample Lectures & Should You Major in Supply Chain Management? wmich.edu/supplychain/academics/lectures Dr. Sime (Sheema) Curkovic, Ph.D., Professor, Operations/Supply Chain Western Michigan University, Haworth College of Business Schneider Hall Room 3246, Kalamazoo, MI 49008-5429 Tel.: 269.267.3093; E-Mail: sime.curkovic@wmich.edu "Better, faster, cheaper"; www.wmich.edu/supplychain "WMU Integrated Supply Management (ISM)...Nation's best undergraduate SCM program (Gartner 2014); 2nd in SCM technology (SoftwareAdvice 2015); 2nd in top global SCM talent (SCM World 2017

excellent analysis but however i am failing to know how one can quantify leading indicators of risk performance

thanks

What is the difference between the Risk Level on Strategic Risk Register (one that is computed by using the formula: Likelihood x Weight x Impact) and the Risk Level on Risk Scorecard (the other that is computed using the formula: Weight x Impact x Leading Indicator Performance, P)? Both these risk level types are represented by the Bar Chart.

Very good. Intelligent interpretation.

A paper I did on this... Why Intuit should use PM2 Risk Scorecard over ISO 31000 Intuit purposes to implement a strategy that embraces an Ad hoc risk management process, targets risk management, integrates risk frameworks, has some risk intelligence, and offers them risk leadership. Intuit can start using ISO 3000 as it offers solutions that consider the global risks, and are globally acceptable risk analysis standards. They are simpler to implement, and they are required for Enviso, an ERM needed for city to improve environmental performance. However, ISO 3000 has weaknesses that should challenge and discourage Intiut from using it as an ERM tool. First, it lacks a program initiative. It also lacks a direct tie to other initiatives. Using ISO 3000 standards implies Intuit will need to develop their program, but remain compliant to ISO 3000, or get third-party programs compliant to the ISO 3000 standards, which can be both challenging, time-consuming and costly in the long run (Fraser, Simkins, & Narvaez, 2014). ISO 31000 standards are not the best ERM strategy for Intuit, thereof. Although the PM2 Risk Scorecard will be part of a large process for Intuit and presents implementation difficulties to Intuit in the mitigation process, it offers a stronger tool for some of its elements that include its strong weighted method. The model introduces programs and initiatives in risk management. It also has a powerful tool for risk management. Moreover, Intuit has used the PM2 Risk Scorecard previously, so the team understands the tough implementation process for environmental risk mitigation. Clearly, the Intuit should continue using PM2 Risk Scorecard as it is a better environmental risk management tool, and more features inclusive ERM tool (Fraser, Simkins, & Narvaez, 2014). I will, hereby, recommend PM2 Risk Scorecard. Reference Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons.

That's great content, thank you.

From where can I download these spread sheets?

How can I download the excels being shown in video?

excellent video. Your entire series brings value add.

Nice introduction! Thank you for this clear video! Your channel is full of practical videos, but have a you an order to watch them? (to minimize the risk of been lost) Thank you!

Thank you! Very clear concepts!

Impressive result and useful bar line risk indicators. But how practical is this 'We've got to assemble a multi page risk register!' Too complex, too busy and too abstract (I can imagine the reaction to asking people to sit down and pull risks or concerns out of the air) Risks are only risks if they are part of what we do (or intend to do) In my company - simply list the basic operational processes, add KEY sub steps in those processes and assign an extra column or two for importance and risk. The SAME sheet can also include stakeholders, customers as well as a note if any legislation or regulations. One spreadsheet = Operational flow, stake holders, importance to the company, legislation, action required Y/N?. If anything else comes up for addition- just throw in a new column to the single spreadsheet. Add in a quarterly review to 'bolt on' any new company plans, products, markets etc

Nice

Great explanation. Can you tell me where does Risk Threshold come in this picture?

Some of the remarks about traditional risk management are inaccurate. Flat - you assess or review at fixed intervals or whenever de conditions determins the need!!!!!! Risk are evaluated according to the changes in the organization, if the strategy change your evaluation change, also the risk management framework. An organization that changes the estrategy must change the rest - including the risk framework ctessore@gmail risk is the responsibility of everyone

Wonderful

thanksssssssssssssssssssssss

An overview of ERM

Here is teh beginning of a TH-cam that describes key risk concepts th-cam.com/video/3sNFZ83tUio/w-d-xo.html

Just posted a really good You Tube that explains some of the core risk concepts th-cam.com/video/3sNFZ83tUio/w-d-xo.html

What Executives and Boards need to see about Risk.... This you tube reveals what our best Enterprise Risk sites do - use three simple filters to determine which risks get promoted up to the Executive and Board level.

It seems to me that the "traditional" ERM (Enterprise Risk Management) solutions miss the mark; risk behaves considerably differently from what they try to manage. This info-graphic shows the differences and what should be done about them.

A simple explanation around what we have added with STRATEGIC Risk Management over the traditional versions. Moving from COMPLIANCE to PERFORMANCE.

You can integrate your strategy, risk and measures into a Strategic Risk Management solution in 60 days through this proven program of best-practices and RiskScorecard.net tools and methodologies.

We are already seeing significant benefits from organisations that have implemented our Risk Scorecard. This webinar provides you with the highlights from our early findings.

This is excellent video for explaining critical RM concepts in a simple way that is understood clearly from the first time. I learned important things here. Thank you very much. Ahmed

I just posted a You Tube ( th-cam.com/video/MBHZwaybB2Q/w-d-xo.html ) that provides a simple example that illustrates how your organization's strategy creates the risks that need to be managed in an ERM (Enterprise Risk Management) system.