Understanding Risk Appetite and Risk Tolerance

Two terms often confusing to public sector leaders are “risk appetite” and “risk tolerance”. The level of acceptance and support for Enterprise Risk Management (ERM) programs often depends on executive understanding of these commonly used ERM terms. Unfortunately, risk appetite and risk tolerance are frequently used interchangeably although they have different meanings. Adding to the…

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2017 AFERM ERM Summit

The 2017 AFERM ERM Summit will take place at the Marriot Metro Center in Washington D.C. on November 1st and 2nd. This year’s theme is ERM: More Important Now than Ever. Speakers and breakout sessions will focus on risk management programs as essential to managing the high level of uncertainty facing federal government departments and…

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New Deloitte Report on Risk Trends

Deloitte recently released a report on risk trends titled “The Future of Risk: New Game – New Rules”. (Report) This report profiles 10 trends that are changing the risk landscape during 2017 and beyond. These trends should be of interest to risk managers across all types of organizations. • Cognitive Technologies Augment Human Decision Making•…

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