Tools for Enterprise Risk Management
II.
Organizational and Governance Context
•Balancing
Risk vs. Return.
•Who’s
job is it to optimize ?
•Most
jobs have singular objectives:
§Meet the
sales quota.
§Get the new
product launched on time.
§Make
budget.
•The apex
of the organization is best-positioned to coordinate the recognition and balancing of competing objectives.
•Agile
organizations inculcate an ethos and reward system that encourages risk-thinking at all levels.
