The Integration of Enterprise Risk Management (ERM) and

Enterprise Performance Management (EPM).

Date: Wednesday, July

01st, 2015 || Time: 01:00 PM EDT | 10:00 AM PST

Duration: 60 Minutes || Course Level: Intermediate

'Live' Webinar by Gary

Cokins

Register Now

Overview
HThere is increasing attention regarding the overlap of enterprise risk management
(ERM) and enterprise performance management (EPM). The former refers to key risk
and control indicators (KRIs and KCIs) and the latter to key performance indicators
(KPIs). How do they fit together and produce synergy?
The past decade has demonstrated that the initial ERM focus on identifying, monitoring,
and avoiding potential threats was too narrow, and ERM programs ended up
disconnected from the value creation cycle. More recently, executives are realizing that
to actually improve organizational results, ERM must integrate risk management plan,
strategic planning, and performance management systems.
How should an organization apply an enterprise risk-based performance management
framework to match risk exposure with risk appetite? Organizations struggle with how to
integrate a risk perspective into key business decision-making processes, and how to
overcome the common pitfalls of integrating risk and performance management..
Why should you attend?
Organizations are challenged with:
Defining the strategy and communicating it to managers and employees
Implementing the strategy by selecting and monitoring the vital key performance
indicators (KPIs) with their targets to align the workforce with the strategy
Understanding the three categories of risk: (1) preventable risks, (2) strategy execution
risks, and (3) external risks
Implementing the risk management programs by selecting and monitoring key risk
indicators (KPIs) to monitor risk

Areas covered in the webinar

Failure to integrate enterprise risk management (ERM) and enterprise performance
management (EPM) has hidden costs that prevent organizations from fully delivering on
their value creation potential. What are the warning signs and root causes of common
obstacles to integrating ERM and performance management? These may include:
Lack of a common understanding among managers as to what enterprise performance
management (EPM) is and what it accomplishes
Lack of tools that enable managers to effectively link strategy to operations
Lack of analysis capabilities to support risk-adjusted performance management
Inability of cross-functional teams to align their risk-taking behavior to corporate level
strategy and better collaborate
Learning objective
How to view enterprise and corporate performance management (EPM/CPM) as the
seamless integration of managerial methods rather than as a process
How to identify and differentiate strategic KPIs in a balanced scorecard and operational
performance indicators in dashboards
Understanding the difference of the three categories of risks
How to overcome implementation barriers such as behavioral resistance to change and
fear of being held accountable
Who will benefit

C-suite Executives
Financial Officers
Financial Controllers
Managerial Accountants
Cost Accountants
Financial Analysts
Strategic Planners
Risk Managers

Speaker profile
Gary Cokins is an internationally recognized expert, speaker, and author in
enterprise and corporate performance management improvement methods
and business analytic. He is the founder of Analytics-Based Performance
Management, an advisory firm located in Cary, North Carolina at www.garycokins.com .
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