Following is excerpted from Mastering 21st Century Enterprise Risk Management (forthcoming October 2013):

THE NATURE OF RISK
Most systems masquerading as enterprise risk management are re-jigged workplace health-and-safety risk platforms that attempt to apply a predefined standardized methodology.  A one-size-fits-all assessment program cannot be imposed on everyone and achieve any useful results.  Risk-assessment must be relevant to their field if people are to take it seriously.  It must provide meaningful value to them.  It also must go through continual review as the nature of risk changes and evolves. Continue reading →