Driving Value from Risk Management to Influence Business Strategy, a new white paper from Fusion Risk Management, discusses the critical need for risk management professionals to become familiar with enterprise business objectives and strategy.
Business strategy and risk management occupy two separate spaces in most organizations. Business strategy exists at an enterprise or executive level, and on the other hand, risk management often functions at a tactical and operational level, which points to the importance of risk professionals to have knowledge of the enterprise’s business objectives and strategy.
By identifying parts of their Operational Risk Management programs that directly relate to investment and opportunity across the enterprise, risk management practitioners can take risk data at an operational level and correlate that information with objectives and outcomes tied to business strategies.
Download the white paper here.