Webinar produced by GRC World Forums in association with Archer
On-Demand Webinar Summary
Enterprise Risk Management (ERM) is a crucial process for any business, but relying solely on qualitative assessments can leave you with a fragmented and incomplete picture of your risks. That’s where quantification comes in, providing a powerful solution to enhance your ERM process.
In this session you’ll discover the transformative power of quantitative assessment. We’ll explore how quantitative analysis can provide a more comprehensive view of your risks, allowing you to collate assessments in a meaningful and quantifiable way.
We will also discuss:
How qualitative versus quantitative is not a choice – you really have to do both
The advantages of quant assessment over qualitative in terms of vastly improved granularity for comparison and prioritization of risk, assessing cost of controls versus benefits, and in terms of being able to aggregate risks across parts of the organization in order to understand where in an organization risk exposure resides.
The difference between mathematical modelling of individual risks and quantification of an ERM programme and how these two activities are quite different, both in terms of how they’re carried out, who carries them out and what they’re trying to achieve