1. Enterprise Risk Management Suddenly everything changes
Wilson Fyffe President The Futurist Institute Singapore March
20141(c) Copyright 2014 Amplios Consultants Pte Ltd. All rights
reserves
2. The 5 most important messages 1.2. 3.4.5.2ERM is now
delegated from the CEO ERM is a rapidly expanding topic Rapid ERM
education tools are available online The Enterprise Risk Profile
can be reduced to a single value ERM well done can be an asset(c)
Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves 3.
ERM is now delegated from the CEO Publicly listed companies in the
USA are required to declare risks in their annual reports (Form
10-k) 2. Many major organizations have risk management committees
3. The Chief Risk Officer role is becoming more common 4. ERM is
now appearing in the responsibilities lists of many operations
executives 1.3(c) Copyright 2014 Amplios Consultants Pte Ltd. All
rights reserves 4. ERM is a rapidly expanding topic The probability
mathematicsdeveloped in the 17th and 18th centuries by Pascal,
Fermat and the Bernoulli brothers, James and Nicholas, led to the
formation of risk insurance organizations such as Lloyds of London.
Understanding the chances of success of trading ships voyages
allowed greater investment in the shipping industry This has led to
a very large community of ERM professionals and a demand for
assistance from IT 4(c) Copyright 2014 Amplios Consultants Pte Ltd.
All rights reserves 5. Rapid ERM education tools are available
online An online solution available from Amplios Group: A database
of thousands of future events complete with source references The
probability of occurrence of future events X their impact on our
business case gives us the relative weighted outcomes. These can be
assigned positive or negative values The events can be color coded
to show our degree of control5(c) Copyright 2014 Amplios
Consultants Pte Ltd. All rights reserves>We can communicate the
overall sense of risk with a bar chart like the above 6. Rapid ERM
education tools are available online . . .The service accommodates
> 1,000 topics X > 500 locations X >20 languagesGlobal
issues Country issues6Local issues Copyright 2014 Amplios
Consultants Pte Ltd. (c) All rights reserves 7. Rapid ERM education
tools are available online . . .7(c) Copyright 2014 Amplios
Consultants Pte Ltd. All rights reservesThe graph gives an overall
sense of risk for this particular investment scenario. The overall
weighted impact reduces the scenario to a single value. The future
events and their values can be changed online, giving an alternate
scenario. 8. ERM well done can be an asset It gets all
yourstakeholders and management on the same page Is an important
ingredient in talent management, in particular attraction of new
employees Shareholders, both private and public, place a high value
on the organizations performance here 8(c) Copyright 2014 Amplios
Consultants Pte Ltd. All rights reservesOur Amplios ERM methodology
was featured recently by the Switzerland-based futurist Woody Wade
9. Thank you for your visitTo contact us, please Visit our
website:Web: www.amplios.net Email us at: [email protected]
Attention: Wilson Fyffe President9(c) Copyright 2014 Amplios
Consultants Pte Ltd. All rights reserves
