Enterprise Risk Management (ERM) is a strategic approach that supports achievement of an organization’s Mission and Vision by addressing a full spectrum of high-level Risks, and their combined impact upon progress, with Communication, Consistency, and Continuity.
ICA’s Enterpise Risk Managment (ERM) approach incorporates tailored design for your own unique organizational needs specific to Enterprise Level Risks... Building a more responsive, accesable framework for identification, and monitoring of Enterprise-Level Risks to provide management with the understanding and transparancy needed for informed, stratigic desionmakeing - using methods and terms that your team can understand.
Consider internal and external environments, systems and relationships recognizing that all Risks are connected.
Work with all Stakeholders - senior, middle management and Board members - to identify Enterprise level Risks.
Establish a Risk Culture that allows for qualitative and quantitative risk assessment to rank and monitor Risks that are incorporated into strategic decision making.
ERM is a traditionally complex process, born of COSO in banking and finance and ISO 31000. Moving ERM past complex, siloed approaches into successful implementation requires an intelligent, tailored approach adapting core ERM principles of internal Communication, Consistency, and Continuity add value and increase organizational resilience.
ICA does not overengineer or “productize” ERM, nor do we rely solely upon commercial ERM software products that require extensive training and support. We address the individual needs, goals, and culture of your organization to implement ERM complementary to the way you do business and linked to strategic objectives…so you can get where you want to go.
"ERM is people, not merely software."
Gemological Institute of America