Enterprise risk management (ERM) is essentially just what it sounds like—taking a business-wide view of organizational objectives and addressing the multifaceted risks that might arise from pursuing them. Project risk management takes the same principles and shrinks them to the project level. Both are necessary for healthy business, but ERM and project risk management are not often linked well enough. In a post at the Project Risk Coach, Harry Hall discusses how to more effectively unite the two. It begins with defining the organization’s vision, mission, and values, and then deriving goals from those factors. From there, strategic mapping ensues in how to best apply risk management practices cohesively.
For the full details, view Harry’s concise post here: http://projectriskcoach.com/unite-enterprise-and-project-risk-management/