Implementing ERM: Key Questions to Begin the Process

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Key Questions, Notes & Advice

Is your public sector organization or higher education institution ready to begin implementing Enterprise Risk Management (ERM)? These key questions can be a starting point for you. Thinking through your answers will help you develop a plan. Even if your implementation plan is for a “team of one,” this will help you understand where – and how – to begin the process. Keep in mind that implementing ERM takes a number of years and the involvement of many people.

In this Frequently Asked Questions for implementing ERM in your organization, primary topics include:

  • ERM - What does it mean to your organization?
  • Your organization's current risk management programs
  • Identify and harness ERM leaders
  • Integrating ERM into your organization
  • The relationships between ERM, audit and your governing board
  • The importance of resources