‘Improving Strategic Risk Management Using Macro Risk Analysis’

Published: Wednesday, 26 October 2016 09:00

A macro risk analysis (MRA) enables a company to more fully understand and evaluate critical economic indicators, while providing leadership with the knowledge to make reliable and strategic decisions for the future of the organization , according to a new RIMS Professional Report ‘Improving Strategic Risk Management Using Macro Risk Analysis’.

Released at the sixth annual RIMS Enterprise Risk Management Conference in Atlanta, the new report defines the MRA process, reviews its value and benefits and provides steps to performing such an exercise in an organization.

“The simplicity of building and running a macro risk analysis tool coupled with the significant impact it can have on achieving strategic objectives makes it an obvious choice for company leaders,” said RIMS Vice President of Strategic Initiatives Carol Fox. “An effective analysis will highlight the environment’s relationship on organizational value, making risk planning more tangible and the future much clearer.”

The report was authored by Jim Presmanes, vice president and director of Risk Management at Havertys, and Paul L. Walker, Ph.D chair in Enterprise Risk Management, Tobin College of Business, St. John’s University.

The report is available in RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge