Enterprise Risk Management is an integrated and joined up approach to managing risks across an organisation and its networks.
Traditional risk management focuses on what is insurable and is one dimensional in nature, focusing on impact. It typically looks at one risk at a time and tends to be a more reactive process that happens sporadically on an irregular basis.
ERM considers risk from a more strategic, universal point of view with a focus on identifying any barriers that could stop an organisation from achieving its objectives. It’s multi-dimensional in nature, looking at both impact and likelihood, covering the entire organisation by making connections between risks.
The documents in this section are designed to help charities or churches of any size to create a framework to help them look at risk universally, and formulate an ERM approach which will really work for them.
It doesn’t need to be resource intensive and the guides are designed to help them integrate ERM into the day-to-day running of their organisation.