Klient: AuditBoard, Inc.
Formát: Whitepaper
Velikost: 1,2 MB
Jazyk: Angličtina
Datum: 20.02.2025
Fragmented to Connected: Achieving Cohesion by Unifying Risk Management
New threats, technology, and opportunities have shaped today’s business landscape –– how have things changed in risk management?
In July 2024, PRMIA distributed a series of survey questions to its global network. These questions allowed them to gain a broad understanding of the extensive acceptance of risk management frameworks as a way to manage risks. The survey also gathered data on the emerging risks that concerned risk managers the most.
Building on these questions and to enrich their findings, PRMIA interviewed nearly 20 risk and audit practitioners from various organisations. This process expanded on the survey results and gathered best practices. The resulting whitepaper examines how organisations should implement risk management frameworks and discusses the elements typically found within such frameworks.
Using risk management frameworks has led to improved risk management and regulatory compliance and has enabled firms to seize opportunities that align with their strategic goals whilst staying within an agreed risk appetite.
Despite their long history, organisations have encountered several issues during implementation. These challenges include misunderstandings of the roles within the “Three Lines” and perceptions amongst those unfamiliar with the approach that duties overlap and resources are wasted.
The research found that many issues hindering the successful implementation of risk management frameworks relate to the allocation of scarce resources and those within the framework not understanding each other’s roles and goals.
Read the white paper to discover key findings, including:
In July 2024, PRMIA distributed a series of survey questions to its global network. These questions allowed them to gain a broad understanding of the extensive acceptance of risk management frameworks as a way to manage risks. The survey also gathered data on the emerging risks that concerned risk managers the most.
Building on these questions and to enrich their findings, PRMIA interviewed nearly 20 risk and audit practitioners from various organisations. This process expanded on the survey results and gathered best practices. The resulting whitepaper examines how organisations should implement risk management frameworks and discusses the elements typically found within such frameworks.
Using risk management frameworks has led to improved risk management and regulatory compliance and has enabled firms to seize opportunities that align with their strategic goals whilst staying within an agreed risk appetite.
Despite their long history, organisations have encountered several issues during implementation. These challenges include misunderstandings of the roles within the “Three Lines” and perceptions amongst those unfamiliar with the approach that duties overlap and resources are wasted.
The research found that many issues hindering the successful implementation of risk management frameworks relate to the allocation of scarce resources and those within the framework not understanding each other’s roles and goals.
Read the white paper to discover key findings, including:
- How scarce resource allocation and misunderstanding of other’s goals can hinder successful implementation.
- Trends like the shift away from concerns about geopolitical and climate changes and a new focus on cybersecurity threats and related risks.
- Key takeaways and suggested solutions to smoothly implement risk frameworks.
