Enterprise Risk Management – The Way Ahead for DRDC Within the DND Enterprise

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Authors
  1. Dickinson, R.G.
  2. Taylor, B.W.
Corporate Authors
Defence R&D Canada - Centre for Operational Research and Analysis, Ottawa ON (CAN)
Abstract
Enterprise Risk Management (ERM) is the process of managing risk from an organization-wide perspective, in order to achieve an organization's overall corporate objectives. This is often a high-level view of the general process of Integrated Risk Management (IRM)which brings a systematic and deliberate approach to the management of risk, integrated throughout the management culture at all levels. This paper examines the nature of ERM in order to make recommendations on the way ahead on ERM for DRDC within the DND enterprise. It explores ERM both from the perspective of DRDC's understanding and application internally, but also from the perspective of DRDC's possible contributions to the research and development of ERM tools and practice within DND. This paper describes: the general ERM process; the importance of a supportive ERM culture; the results of a DRDC management workshop on ERM; the practice of ERM within peer organisations; and suggestions for possible search areas in ERM. Two partial case studies demonstrate the application of enterprise risk management to high-level objectives, first to enterprise risk management itself and then to the science and technology program within DND.

Il y a un résumé en français ici.

Keywords
Risk Management;RM;Integrated Risk Management;IRM;Enterprise Risk Management;ERM;Risk research;Risk analysis;Risk theory;Uncertainty;Standards
Report Number
DRDC-CORA-TR-2010-035 — Technical Report
Date of publication
01 Mar 2010
Number of Pages
55
DSTKIM No
CA034620
CANDIS No
534363
Format(s):
Electronic Document(PDF)

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