August 2009
Beginner
308 pages
6h 50m
English
Content preview from Fundamentals of Enterprise Risk ManagementBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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CHAPTER 17ALIGNING RISK CATEGORIES WITH THE BUSINESS MODEL
RISK QUOTE: Everyone is a star and deserves a chance to shine.
—MARILYN MONROE, MOVIE STAR
RISK QUOTE: If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart.
—NELSON MANDELA, SOUTH AFRICAN STATESMAN
Risk identification is often the hardest part of any risk management effort. One aspect of risk identification involves coordination across the enterprise. If those seeking out risks do not consider relationships, they may miss major risks completely. Another aspect is responsibility; a central risk function is required to identify risk and share its findings with risk owners.
Nonaligned Risk Categories
A number ...
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