This bundle puts the most widely recognised and applied risk management framework in the world and a compendium of its illustrative examples into one convenient purchase.
##Framework: The COSO Enterprise Risk Management—Integrating with Strategy and Performance addresses the evolution of enterprise risk management (ERM) and the need for Organisations to improve their approach to managing risk to meet the demands of an evolving business environment. This new version replaces COSO Enterprise Risk Management—Integrated Framework from 2004.
This new 2017 update highlights the importance of considering risk in both the strategy-setting process and in driving performance. The first part of this updated publication offers a perspective on current and evolving concepts and applications of ERM. The second part, the Framework, is organized into five easy-to-understand components that accommodate different viewpoints and operating structures, and enhance strategies and decision-making.
In short, this update:
##Compendium: The COSO publication Enterprise Risk Management—Integrating with Strategy and Performance sets out a relationship between an entity’s mission, vision, and core values; its strategic goals and directions; and the approaches used in carrying out its strategy.
This complementary publication—the Compendium of Examples—offers provides examples to illustrate how an Organisation might apply principles from Enterprise Risk Management—Integrating with Strategy and Performance to its day-to-day practice. Each example highlights specific principles that are relevant to entities of different types and sizes in different industries.
Together, the examples relate to each of the five components and twenty principles set out in the Framework. Using fictional examples in the various chapters in the compendium show how the principles can be applied, with each focusing on aspects of different components covered in Enterprise Risk Management—Integrating with Strategy and Performance. Each example: