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2024 | OriginalPaper | Chapter

2. Risk Management: ERM and Aspects of Its Implementation

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Key Topics in This Chapter: Mainly Qualitative

In this chapter, we build on the concepts introduced in the previous one and deal with the following:
  • Enterprise Risk Management (ERM): What is it and why is it important?
  • ERM and the role of top management.
  • Necessary input to ERM.
  • How to organize ERM.
  • Risk managers: Prerequisites, necessary skills, and capabilities.
  • Implementing ERM: Project requirements and good practices.
  • How the structure of the organization and the organization’s economic situation impact the ERM.
  • Key risk indicators (KRIs) and risk appetite.
  • Risk reporting.
  • Documentation of the ERM.
  • How to keep the ERM alive.
  • Human factors and ERM.

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Metadata
Title
Risk Management: ERM and Aspects of Its Implementation
Author
Herfried Kohl
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-71272-2_2

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