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Addressing Risks Across the Organization: Enterprise Risk Management
Enterprise risk management (ERM) examines an organization as a whole to align priorities for cost‐efficient utility success, such as public health, environmental stewardship, and organizational integrity.
In various forms and over various time frames, risk involves not only infrastructure assets but also those associated with knowledge, communities, and organizational trust.
ERM entails buy‐in from senior management, engaging key stakeholders and keeping it simple at the start, and understanding the continuous evolution of emerging threats.
In implementing an ERM culture, successful utilities draw on triple‐bottom‐line (environmental, social, and governance) and Effective Utility Management principles.
Addressing Risks Across the Organization: Enterprise Risk Management
Enterprise risk management (ERM) examines an organization as a whole to align priorities for cost‐efficient utility success, such as public health, environmental stewardship, and organizational integrity.
In various forms and over various time frames, risk involves not only infrastructure assets but also those associated with knowledge, communities, and organizational trust.
ERM entails buy‐in from senior management, engaging key stakeholders and keeping it simple at the start, and understanding the continuous evolution of emerging threats.
In implementing an ERM culture, successful utilities draw on triple‐bottom‐line (environmental, social, and governance) and Effective Utility Management principles.
Addressing Risks Across the Organization: Enterprise Risk Management
Sharma, Usha (author) / Chapman, Ted (author) / Garrison, Seth W. (author)
Journal ‐ American Water Works Association ; 113 ; 54-62
2021-06-01
9 pages
Article (Journal)
Electronic Resource
English
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