Forewarned Is Forearmed: Identification and Measurement in Integrated Risk Management

Although many organizations already conduct risk identification and measurement in a number of risk areas, only a handful of companies have progressed to the point of having sophisticated ways of identifying the total impact of all the risks they face.

Document Highlights

This study investigated best and next practices in risk identification and measurement techniques. The research highlighted three main findings:

1. Identification and measurement are just two aspects of a larger integrated risk management framework and should be considered in this light.
2. Many leading organizations use a common set of risk categories to facilitate risk identification.
3. Various hard and soft risk measurement techniques are in use; however, all seek to determine an amount of risk exposure in similar ways.