The challenge for executives advocating implementation of or improvements to enterprise risk management (ERM) is to look beyond risk and make the case that an efficient and effective ERM program can create a positive, tangible impact on the top or bottom line.
Many IT departments already are familiar with ERM as IT often features in enterprise risk analyses as a cause of enterprise risk. However, IT can also be a primary source of solutons — both in terms of the ERM process as well as the improvement of enterprise risk positions. Executives seeking inspiration for opportunities to increase IT value through addressing key business needs should take a close look at how they can help make the value case for ERM.
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