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We really don’t understand risk. This is, in part, due to the fact that there is
no really universally accepted definition of risk. This results in a risk silos,
compartmentalizing the analysis of risk along professional competency lines
(operational, financial, underwriting, etc.). The net result is that risk is not
comprehended consistently due to the self imposed limitations of our
understanding of what risk constitutes.
Overview:
The seminar begins by developing a definition for risk that can be broadly
applied vertically and horizontally in an organization and its value chain
touchpoints. We will consider global risks that constitute the “spectrum of
risk” faced by all enterprises, whether they are private sector or public
sector entities. With a universal concept of risk we will then turn to an
analysis of an ERM framework that can be applied at all levels within an
enterprise. As we will see, the emergence of the Chief Risk Officer (CRO) is
a critical part of ERM. We then turn to currently recognized risks and
develop a methodology to bring these dimensions of risk into an ERM
framework.
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Copyright 2008, all rights reserved, Logical Management Systems, Corp.
LMS 540 – Risk Management Seminar
Objectives:
Topics:
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Copyright 2008, all rights reserved, Logical Management Systems, Corp.