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Figure 2-1 lists some types of risks that businesses should think about. Now that we’ve got you uptight about risk, don’t worry: ...

Ignoring Risk (At Your Peril)......................................................................... If you reallywanted to ig ...

Production is stalled because permits for air, water, or waste are exceeded at the same time that inventory is at a record low ...

44 Part I: Governance, Risk, and Compliance Demystified Who cares about risk? In addition to business owners, a variety of other ...

Commonly, these managers keep Excel spreadsheets filled with risk informa- tion, but each manager does things differently, makin ...

historically served risk management are now straining under the weight of a global economy in which change is a constant and inf ...

Part of this involves instilling in the culture a way to think about risk. It’s clear that we live in uncertain times. By taking ...

The C-level executives guide the company regarding its objectives and plans. This information is critical in developing an effec ...

In much the same way, line of business managers generally can see certain risks most clearly. That’s why managing risk is everyo ...

Table 2-1(continued) Line of business Line of business managers need tools to be able to drive their managers performance and re ...

but also the experience of how one division can benefit another. A manager in one division can learn from the experience of thos ...

The risk manager’s role, then, becomes like that of another business owner, helping the organization improve its wall-to-wall ri ...

Monitor key systems across business processes to ensure real-time iden- tification and management of key risks. Raise alerts wh ...

Risk monitoring:In this step, we continuously track and monitor each of the risks and analyze any risks that, despite our effor ...

Risk identification and analysis .......................................................... The next step is to identify and ana ...

example, a risk of a supplier going bankrupt could cause associated risks within the sales and marketing organizations. A respon ...

For example, what classes of risks are causing the most problems? This may point us in a strategic direction for change. Are the ...

What were the costs of managing the risks and implementing a response plan compared to the costs of the incident? What was the ...

SAP GRC risk management and key risk indicators ......................... You may have heard of KPIs — key performance indicator ...

Setting a level (for example, more than three injuries in a quarter) Monitoring percentage increase or decrease (for example, ...