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The Future Scorecard
The future can be reduced to one number
Wilson Fyffe
President
The Futurist Institute
Singapore
March...
The 5 most important messages
1.
2.
3.
4.

5.

2

ERM is now delegated from
the CEO
ERM is a rapidly expanding
topic
Rapid...
ERM is now delegated from the CEO
1.

2.

3.
4.

3

Publicly listed companies in the
USA are required to declare risks
in ...
ERM is a rapidly expanding topic
 The probability mathematics developed

in the 17th and 18th centuries by Pascal,
Fermat...
Rapid ERM education tools are available online
An online solution available
from Amplios Group:
 A database of thousands ...
Rapid ERM education tools are available online . . .

The service
accommodates
> 1,000 topics X
> 500 locations X
>20 lang...
Rapid ERM education tools are available online . . .
The graph gives
an overall sense of
risk for this
particular
investme...
ERM well done can be an asset
 It gets all your stakeholders and

management on the same page
 Is an important ingredien...
Thank you for your visit

To contact us, please
Visit our website:
Web:
www.amplios.net
Email us at:
ERM@amplios.net
Atten...
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Future Scorecard - The future can be reduced to one number

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Standard horizon scanning results in a focused set of future events which we need to consider before making significant investment decisions. Each future event can be expressed as a weighted most likely impact value for our business case. An overall set can also be expressed as a single value, which changes as our information and opinions change.

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Future Scorecard - The future can be reduced to one number

  1. 1. The Future Scorecard The future can be reduced to one number Wilson Fyffe President The Futurist Institute Singapore March 2014 1 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  2. 2. The 5 most important messages 1. 2. 3. 4. 5. 2 ERM is now delegated from the CEO ERM is a rapidly expanding topic Rapid ERM education tools are available online The Enterprise Risk Profile can be reduced to a single value ERM well done can be an asset (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  3. 3. ERM is now delegated from the CEO 1. 2. 3. 4. 3 Publicly listed companies in the USA are required to declare risks in their annual reports (“Form 10-k”) Many major organizations have risk management committees The “Chief Risk Officer” role is becoming more common ERM is now appearing in the responsibilities lists of many operations executives (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  4. 4. ERM is a rapidly expanding topic  The probability mathematics developed in the 17th and 18th centuries by Pascal, Fermat and the Bernoulli brothers, James and Nicholas, led to the formation of risk insurance organizations such as Lloyds of London.  Understanding the chances of success of trading ships’ voyages allowed greater investment in the shipping industry  This has led to a very large community of ERM professionals and a demand for assistance from IT 4 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  5. 5. Rapid ERM education tools are available online An online solution available from Amplios Group:  A database of thousands of future events complete with source references  The probability of occurrence of future events X their impact on our business case gives us the relative weighted outcomes.  These can be assigned positive or negative values  The events can be color coded to show our degree of control <<< Negative | Positive >>> We can communicate the overall sense of risk with a bar chart like the above 5 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  6. 6. Rapid ERM education tools are available online . . . The service accommodates > 1,000 topics X > 500 locations X >20 languages Global issues Country issues Local issues 6 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  7. 7. Rapid ERM education tools are available online . . . The graph gives an overall sense of risk for this particular investment scenario. The overall weighted impact reduces the scenario to a single value. The future events and their values can be changed online, giving an alternate scenario. 7 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  8. 8. ERM well done can be an asset  It gets all your stakeholders and management on the same page  Is an important ingredient in talent management, in particular attraction of new employees  Shareholders, both private and public, place a high value on the organization’s performance here Our Amplios ERM methodology was featured recently by the Switzerland-based futuristWoodyWade www.11changes.com 8 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves
  9. 9. Thank you for your visit To contact us, please Visit our website: Web: www.amplios.net Email us at: ERM@amplios.net Attention: Wilson Fyffe President 9 (c) Copyright 2014 Amplios Consultants Pte Ltd. All rights reserves

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