I was forwarded a report on Achieving Business Benefits by Implementing Enterprise Risk Management from Cutter. An extract is included below.
The global financial crisis, the Iceland volcanic ash events, and the oil spill in the Gulf of Mexico have alerted us once again to the nature of risk, including both the opportunities and the potential impacts it can have on the business. In response to the demands of the modern dynamic business world and to general uncertainty in a global environment, businesses are seeking to formalize a risk-based approach to business (also called enterprise risk management — ERM) because of the importance of risk to profit and cash flow.
Aimed at a wide business audience, the accompanying Executive Report brings practical experience to the implementation and management of a risk-based approach in order to realize a range of business benefits and, in the process, embed durability and resiliency within a business to manage its known risks and to respond effectively to unknown risks.
If you like to see more go to http://www.cutter.com and search for the report. Cutter charges a small fee for report access.