A primary goal of enterprise risk management (ERM) programs should be to create a sustainable and value-adding ERM program that can survive management turnover, shifting priorities, and resource challenges. This article describes common risk management program trajectories, common pitfalls, and a methodology and long-term plan for supporting a successful and relevant ERM program.
There are a number of potential challenges to building an effective and sustainable ERM program. Commonly seen challenges include:
Enterprise Risk Management Leader, PwC US