COSO releases new guidance on taking an agile approach to enterprise risk management

Published: Thursday, 10 March 2022 08:52

Agile enterprise risk management (ERM) approaches can be a key factor in helping organizations successfully manage risks in a fast-paced business environment says new guidance from COSO.

‘Enabling Organizational Agility in an Age of Speed and Disruption’ says that organizations that are practicing agile methods may be reassessing the strategy set because their environment and context is changing so rapidly. A variety of approaches can be used to ensure that business units and agile teams consider risks says the paper, which identifies numerous ways in which the COSO ERM principles link to agile approaches.

Commissioned by COSO and authored by Dr. Paul L. Walker, Schiro/Zurich Chair in ERM and Executive Director, Center for Excellence in Enterprise Risk Management at St. John’s University, the guidance discusses the following key points:

Read the guidance (PDF).