The latest enterprise risk management news from around the world

RIMS report looks at identifying and evaluating emerging risks

Although they are new and often not well understood, emerging risks can be identified, evaluated and response plans can be implemented to create a competitive advantage for the organization, according to a new RIMS executive report ‘Identifying and Evaluating Emerging Risks’.

The report explores emerging risk research and discovery processes, evaluation strategies, response planning, steps to integrate emerging risks into the known risk portfolio, as well as helpful tips to address and overcome expected challenges to enhancing capabilities.

Key highlights from the report include:

  • By focusing on trends that are just beginning to surface, organizations can identify potential shifts in strategy ahead of competitors;
  • Understanding plausibility of emerging risks will help the organization determine which risks are most deserving of their limited resources;
  • Changes to the organization’s strategy can create new blind spots;
  • The tone in which a risk professional delivers information about an emerging risk to leadership matters;
  • While one person might be responsible for strengthening emerging risk capabilities, that person must form a cross-functional team to develop the response plan.

The report is currently available exclusively to RIMS members. To download the report, visit RIMS Risk Knowledge library at www.RIMS.org/RiskKnowledge



Want news and features emailed to you?

Signup to our free newsletters and never miss a story.

A website you can trust

The entire Continuity Central website is scanned daily by Sucuri to ensure that no malware exists within the site. This means that you can browse with complete confidence.

Business continuity?

Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

Get the latest news and information sent to you by email

Continuity Central provides a number of free newsletters which are distributed by email. To subscribe click here.