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BMC

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by

Alexandru Baltat

on 5 April 2015

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Transcript of BMC

BMC
Lean Model Canvas
Decision Making
Business Model Innovation
Applied Business Modeling
Thank you!
Validation Board
What is risk management?
Risk Management Steps
Purpose of Enterprise Risk Management
Principles of Enterprise Risk Management
Fewer Surprises
Effective use of resources
Goal of Risk Management
Reassuring Stakeholders
Identification
Analyzing
Response
Monitor and control
Identification
Analyzing
Response
Monitor and Control
Risk management models
Risk management for compliance
Risk management for value protection
Risk management for value enhancement
Framework Development
Process
Step
Establish Context
Identify Risks
Analyze
Quantify
Integrate
Risks

Assess/
Prioritize Risks
Treat/
Exploit Risks
Monitor and
Review
Communicate and consult

A discipline for dealing with the possibility that some future event may cause unexpected results
Dealing with uncertainty...
Every entity exists to provide value to stakeholders
All entities face uncertainty which presents both risk & opportunity with potential to erode, preserve or enhance value
ERM enables management to deal with uncertainty, associated risk & opportunity, enhancing its capacity to build value
To provide value to stakeholders
To help nonprofits get to where they want to go
To avoid pitfalls & surprises
To enhance value, achieve the mission
Why Risk Management?
Innovation requires risk taking.
Taking risks requires informed, fact-based decision making
Risk Management
Roles
Board
- Define expectations
- Set strategy & high level objectives
- Resource allocation
- Adopt Risk management policy
Senior Management
- Responsible for all activities
- Sets the tone & influences of the internal environment(principles and values)
- Develop risk management philosophy, appetite & culture
Committee
-Propose risk management policy & philosophy
- Establish risk management goals
- Develop & implement a risk management program
- Help managers incorporate risk management into operations
- Convert risk management strategies into operations
- Present annual report to Board
Risk Management Program Development Plan

Establish risk management committee
Create action plan
Establish risk management goals
Adopt risk management policy
Evaluate risk attitudes(tolerance & appetite) for areas of risk
Risk Management Attitudes
-Level of risk tolerance & risk appetite
-Level of commitment to risk management
-Risk management strengths & weaknesses
-Available resources - people, time & money
Risk Management
Basics
A state of mind
Involve people at all levels
Provide instruction, training and equipment
Develop and follow procedures
Encourage input
Safety of its constituents
Acknowledge and identify risks

Nonprofit Assets
People
Property
Income
Goodwill
Dimensions of Risk
Strategy
Operations & Cultural
Financial Reporting
Hazard
What could go wrong?
Evaluate and prioritize risks
Frequency
Severity
Select and implement risk management techniques
Avoidance
Modification
Retention
Transfer
What will we do?
Compare actual to expected results
Any new programs, activities or risks?
Changes in mission or strategy?
Cost of Risk
Retained losses
Insurance premiums or payment to outside sources for funds
Costs of measures to prevent or reduce losses
Administrative costs for risk management
Full transcript