Trends Report

The Risk Manager's Handbook: How To Identify And Describe Risks

Documenting The Sources Of Uncertainty That Might Affect Your Organization, Project, Asset, Or Objective

January 12th, 2011
CM
Christopher McClean
With contributors:

Summary

Enterprise risk management (ERM) programs are helping to break down organizational silos so that executives can gain insight on the risks that may affect all aspects of their business. Unfortunately, this trend is taking a toll on risk managers. It's becoming impossible for them to wield subject matter expertise across a growing number of risk domains, so instead they must be masters of procedural guidance. In the second core step of the risk management process, which the ISO 31000 standard labels "identify the risks," this means developing a comprehensive risk taxonomy, establishing a recurring set of risk assessment techniques, and guiding the documentation of risks in a way that will direct future decisions during the risk analysis and risk evaluation steps.

Want to read the full report?

Contact us to become a client

This report is available for individual purchase ($1495).

Forrester helps business and technology leaders use customer obsession to accelerate growth. That means empowering you to put the customer at the center of everything you do: your leadership strategy, and operations. Becoming a customer-obsessed organization requires change — it requires being bold. We give business and technology leaders the confidence to put bold into action, shaping and guiding how to navigate today's unprecedented change in order to succeed.