RIMS has launched a new guidebook for organizations to better understand and implement strategic risk management practices.
The RIMS Strategic Risk Management Implementation Guide aims to give organizations an inside look at how some worldwide organizations have developed a balanced risk-taking approach, pursued more ambitious targets and have become more successful.
The 68-page guide is aimed at public, private and non-profit organizations. It focuses on developing, designing and implementing interdisciplinary and practical risk management applications for strategy-setting and execution, according to RIMS.
It was developed by members of RIMS Strategic Risk Management Development Council, and also offers best practices from organizations that have successfully adapted strategic risk management practices to create value.
“There is no single best way to do strategic risk management but, taking the first step and thinking about risk in a predictive and strategic way will not only protect the value of an organization, it will proactively help create and capture value – all in alignment with its objectives,” Carol Fox, RIMS director of Strategic and Enterprise Risk Practice noted in a statement.
“Our goal was to provide all executives with a comprehensive but easy-to-understand resource to develop a framework for implementing a strategic risk management program, enabling them to navigate around potentially dangerous obstacles on the path to success.”
The full guide can be purchased at www.RIMS.org/RIMStore. The guide is $99 for RIMS members and $199 for non-members.