Risk managers have a lot on their plate. From collecting and presenting important data, to engaging employees throughout their organization, it’s hard to bring all these activities together. Gaining organizational support is crucial for the success of any ERM program, but communicating value and opportunities is a challenge many risk managers face.
Risk management metrics are tools companies can utilize to achieve their strategic goals and move their business in the right direction. Best practice metrics are a way to monitor the risks a company faces, while ensuring strategic objectives are achieved. The right metrics also provide an effective way to motivate and engage employees at all levels, so where should you start?
In this eBook, we will look at actionable metrics that governance professionals can utilize to improve efficiencies, identify new opportunities, and prevent risk events from occurring. We’ll present examples of effective risk metrics and explain a risk manager’s role in helping employees throughout their organization establish, measure, and report trends over time. We’ll also use case studies to examine failures in risk management, provide examples of actionable metrics that can protect your organization, and share best practices for tying metrics to strategic objectives.
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