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Operational Perspective on the ERM Process

In: Enterprise Risk Management

Author

Listed:
  • Robert Rieg

    (Aalen University)

  • Ute Vanini

    (Kiel University of Applied Science)

  • Werner Gleißner

    (Future Value Group AG
    TUD Dresden University of Technology)

Abstract

Risks must be identified and assessed on an ongoing basis as part of the operational ERM process. Companies have various methods and tools at their disposal for this purpose, including early warning systems, scenario analyses, statistical risk modelling, and aggregation methods. Monte Carlo simulation (MCS) is particularly suitable for determining the overall risk exposure and thus for monitoring the risk-bearing capacity. In addition, a firm’s risk status and risk-bearing capacity must be reported as part of internal risk reporting and external risk disclosure so that mitigation measures can be taken if necessary.

Suggested Citation

  • Robert Rieg & Ute Vanini & Werner Gleißner, 2025. "Operational Perspective on the ERM Process," Springer Texts in Business and Economics, in: Enterprise Risk Management, chapter 0, pages 147-191, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-86425-4_8
    DOI: 10.1007/978-3-031-86425-4_8
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