Digital Transformation Success: Achieving Alignment and Delivering Results with the Process Inventory Framework

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023

M. SchankDigital Transformation Successhttps://doi.org/10.1007/978-1-4842-9816-9_7

7. Strengthening Risk Management

Michael Schank¹  

(1)

Cary, NC, USA

 

In this chapter, we will explore the growing importance of risk management in today’s complex business landscape. We’ll discuss the factors driving this importance, including increasing complexity, regulatory requirements, and the evolving role of risk oversight in boards.

Throughout the chapter, you will gain insights into the components of an Enterprise Risk Management program. We’ll delve into various opportunities to enhance risk management, such as the adoption of quantitative measurements, minimizing human ...