The document discusses enterprise risk management (ERM) and the benefits of a holistic, coordinated approach to risk management across an organization. It notes that many organizations currently take a "siloed" approach without coordination between departments. The document advocates for ERM using CAMMS Integrated Risk Manager software to identify, assess, and monitor risks consistently throughout an organization. It provides an example of how the Rural City of Murray Bridge in Australia successfully implemented CAMMS software to develop a coordinated risk management framework.

1. CAMMS Whitepaper
CREATING A CULTURE OF ENTERPRISE RISK-MANAGEMENT
AWARENESS AND OWNERSHIP
www.cammsgroup.com

2. CAMMS Whitepaper
In many organisations, risk management functions very much as a ‘siloed’ process,
without an holistic, enterprise outlook of managing risks across operational areas. In
doing so, different definitions of ‘risk’ can be applied, information can be recorded
inconsistently and duplication in implementing mitigating risk treatment plans can
occur.
The definition of risk, as defined in the International Risk Management Standard ISO
31000, is the “effect of uncertainty on objectives”. Specific definitions of risk may vary
but there are three characteristics common to all definitions; The potential for loss must
exist; there must be uncertainty and; a decision is required.
Risk management is a systematic approach for minimising exposure to potential losses
and provides a disciplined environment for continuously assessing what could go wrong
and determining which of these risks need to be addressed.
Communication and Consultation
Identify Risk Analyse Risk Evaluate Risk Treat Risk
Monitor and Review
Enterprise Risk Management- A Holistic View
Greater emphasis is being placed on coordination and cooperation across departments
to manage the organisation’s full range of risks as a holistic view. This process of
coordinated risk management generally is referred to as Enterprise Risk Management
(ERM).
A recent report by leading information research and advisory company, Gartner
emphasises the need for a more holistic view of risk. By developing this view and
framework, risks can be better identified and you are more able to effectively produce a
risk-savvy workforce. ERM is an important foundation of good corporate governance
and control, and should be an integrated part of the way organisations do business.
Creating a culture
Many organisations lack the consistency required to effectively manage their risks, and
of Enterprise in turn, threaten the achievement of their business objectives.
risk-management
awareness and
ownership
www.cammsgroup.com

3. CAMMS Whitepaper
Integrated Risk Management
There is a growing need for organisations to link their risks across their business and
adopt a more comprehensive framework. Paul Proctor, Vice President at Gartner
believes “Risk managers should develop a clear, enterprise-specific risk hierarchy to
facilitate appropriate decisions about risk controls, processes and tools.”
CAMMS Integrated Risk Manager solution provides a robust yet flexible approach to
identifying, profiling and assessing risks at all levels and enables organisations to:
• Ensure that risks are identified, profiled, assessed, monitored and reviewed
consistently across the organisation
• View the impact of risk treatment initiatives to ensure adequate controls and
solutions are being put in place to mitigate risks to a suitable level
• Integrate risk management with organisational planning and performance
measurement frameworks and other key business processes
• Ensure compliance with relevant standards and legislative requirements with the
flexibility to respond to changing legislative and environmental circumstances
• Enable high level analysis and graphing of the organisation’s risk profile
• Promote informed decision making from timely reports
CASE STUDY - Rural City of Murray Bridge - Australia
The Rural City of Murray Bridge, with a current workforce of over 150 staff, is the fastest
growing regional, non-coastal local government area in South Australia.
The Council implemented CAMMS Integrated Risk Management software to develop a
risk management framework, streamline risk identification and management, and
provide an overall risk profile and reporting system for the organisation.
They identified the need to build a risk management framework in order to :
• Strengthen management decision making and prioritisation of certain tasks in
response to risk assessments
• Develop risk policies and procedures that can be adopted by all departments
• Improve risk responses
Creating a culture In 2011 the Local Government Association of SA (LGSA) awarded Council with the Local
of Enterprise Government Association Mutual Liability Scheme Risk Management Award for their best
practice approach to public and organisational risks.
risk-management
awareness and
ownership
www.cammsgroup.com

4. CAMMS Whitepaper
They were commended by the LGSA for identifying business processes requiring greater
risk management, and responding with improved electronic recording of issues,
improved training and education and a revised risk management framework.
Conclusion
A solitary approach to risk results in limited transparency across processes which affects
an organisation’s ability to analysis risk exposure levels The ability to capture risk data
centrally and share this across the organisation is pivotal to managing and appropriately
dealing with risk.
Stop accepting disjointed risk management and start reaping the benefits of CAMMS
Integrated Risk Management.
Creating a culture
of Enterprise
risk-management
awareness and
ownership
www.cammsgroup.com

5. Organise a demonstration and see the difference first hand by contacting:
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E: sales@cammsgroup.com E: sales@cammsgroup.com E: sales@cammsgroup.com E: sales@cammsgroup.com
AUSTRALIA | NEW ZEALAND | NORTH AMERICA | SRI LANKA | UNITED KINGDOM