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Using enterprise risk management to strengthen organisational resiliency : One institution’s story

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  • Lucht, Melanie J.

    (Carnegie Mellon University, USA)

Abstract

This paper discusses how Carnegie Mellon University launched a cyclical enterprise risk management framework that incorporates both emergency preparedness and response and business continuity into its purview, to deliver greater organisational resiliency. The paper goes on to describe the governance structure that defines roles and responsibilities throughout the organisation, before discussing how faculty, staff and students are engaged and educated to sense risks, and to collaborate with leadership at all levels in prioritising risks for deep-dive assessments and employing feedback loops to support continuous process improvement. As the paper will show, these cyclical practices support organisational resiliency and a greater sense of risk consciousness.

Suggested Citation

  • Lucht, Melanie J., 2023. "Using enterprise risk management to strengthen organisational resiliency : One institution’s story," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 17(1), pages 61-73, September.
    • Handle: RePEc:aza:jbcep0:y:2023:v:17:i:1:p:61-73
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    More about this item

    Keywords

    enterprise risk management; organisational resiliency; business continuity planning; business impact analysis; three lines of defence; feedback loops; risk consciousness; risk sensing; risk assessment; risk prioritisation; risk profiles;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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