My Reflective Summary
My Reflective Summary
Ronny Wade
Walden University
My Reflective Summary
In week one I learned that when you look at organizations, they all take risks that will challenge their business. The successful organizations are integrating the best known practices, hybrid teams, and infrastructure to address the strategic, financial, operational, and hazard risks that they may venture into. The traditional risk management service structure is the effort of departmentalizing and the organizations primary focus is on hazard risks. With this in mind utilizing this approach, the organization seldom utilize relative comparisons with its risks to determine how they intertwine with each other and/or evaluate the cumulative effect on the organization.
ERM is an …show more content…
Enterprise Risk Management(ERM) versus Traditional Risk
Management. Retrieved from http://www.blackburngroup.com/newsroom/124
Wikipedia, (2014). Risk management. Retrieved from
http://en.wikipedia.org/wiki/Risk_management
Wikipedia, (2014). Corporate governance. Retrieved from http://en.wikipedia.org/wiki/Corporate_Governance
EXP, (2014). risk mitigation strategy. Retrieved from http://www.exp.com/en/service&s=1233
Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK Guide®, 5th ed.). Newtown Square, PA: Author
Hamilton, Gary, (2011). Risk management and project management go hand in hand. Retrieved from http://www.cio.com.au/article/385084/risk_management_project_management_go_hand_hand/ Aabo, T., Fraser, J. R. S., & Simkins, B. J. (2005). The rise and evolution of the chief risk officer: Enterprise risk management at Hydro One. Journal of Applied Corporate Finance, 17(3), 62–75.
Stulz, R. M., & Nocco, B. W. (2006). Enterprise risk management: Theory and practice. Journal
of Applied Corporate Finance, 18(4), 8–20. Retrieved from the Walden Library
Ronny Wade
Walden University
My Reflective Summary
In week one I learned that when you look at organizations, they all take risks that will challenge their business. The successful organizations are integrating the best known practices, hybrid teams, and infrastructure to address the strategic, financial, operational, and hazard risks that they may venture into. The traditional risk management service structure is the effort of departmentalizing and the organizations primary focus is on hazard risks. With this in mind utilizing this approach, the organization seldom utilize relative comparisons with its risks to determine how they intertwine with each other and/or evaluate the cumulative effect on the organization.
ERM is an …show more content…
Enterprise Risk Management(ERM) versus Traditional Risk
Management. Retrieved from http://www.blackburngroup.com/newsroom/124
Wikipedia, (2014). Risk management. Retrieved from
http://en.wikipedia.org/wiki/Risk_management
Wikipedia, (2014). Corporate governance. Retrieved from http://en.wikipedia.org/wiki/Corporate_Governance
EXP, (2014). risk mitigation strategy. Retrieved from http://www.exp.com/en/service&s=1233
Project Management Institute. (2013). A guide to the project management body of knowledge (PMBOK Guide®, 5th ed.). Newtown Square, PA: Author
Hamilton, Gary, (2011). Risk management and project management go hand in hand. Retrieved from http://www.cio.com.au/article/385084/risk_management_project_management_go_hand_hand/ Aabo, T., Fraser, J. R. S., & Simkins, B. J. (2005). The rise and evolution of the chief risk officer: Enterprise risk management at Hydro One. Journal of Applied Corporate Finance, 17(3), 62–75.
Stulz, R. M., & Nocco, B. W. (2006). Enterprise risk management: Theory and practice. Journal
of Applied Corporate Finance, 18(4), 8–20. Retrieved from the Walden Library