Title
The Evolution of ERM: Balancing Context, Strategy and Reality

Speaker

Lisanne Sison

Description

ERM as a discipline continues to evolve as organizations are forced to acclimate to a dynamic risk landscape. The organizations that adapt most successfully are those that incorporate a consideration of both context and constraints into their decision-making process. In this session, we will discuss how Raleigh-Durham Airport Authority leveraged a methodical ERM approach to weigh consequences and opportunities as a prioritization tool. This tool was used to allocate finite resources in a balanced manner across infrastructure, revenue development initiatives and organizational improvement projects.

Core Competency #1: PRMS - Public Risk Management Skills

ERM

Course Level

Intermediate

Learning Objectives

Objective 1: Convey the importance of considering context when prioritizing risks
Objective 2: Learn how integrating ERM with other core functions like Budgeting benefits the organization
Objective 3 How analyzing opportunities and constraints can assist with improved resource allocation

Track

Advanced Risk Management Administration

Handouts

- PRIMA Presentation_Evolution of ERM_FINAL.pdf|A8DDA8B4-7239-E611-B4CD-0025B3A62EEE/C24271FB-FC5E-EA11-80D8-001B21D7CC11/handouts/202266213610_04650e4684b6aa55a97e97fcde4ef044.pdf|eshow|etagDO|https://eshow.sfo2.cdn.digitaloceanspaces.com/A8DDA8B4-7239-E611-B4CD-0025B3A62EEE/C24271FB-FC5E-EA11-80D8-001B21D7CC11/handouts/202266213610_04650e4684b6aa55a97e97fcde4ef044.pdf|false|https://eshow.sfo2.digitaloceanspaces.com/A8DDA8B4-7239-E611-B4CD-0025B3A62EEE/C24271FB-FC5E-EA11-80D8-001B21D7CC11/handout