To deepen that alignment between risk management and strategy, members of RIMS Strategic and Enterprise Risk Council explored opportunities and best practices for risk leaders to successfully accelerate ERM into a well-designed and executed Strategic Risk Management (SRM) program. With supporting detail from the previously published RIMS SRM Implementation guide, the report examines: why pivoting is necessary; SRM’s relationship to ERM; gaps between ERM and SRM; game-planning to pivot; identifying strategic risks; and techniques and tools.

Authored by: Jette Birkeholm Moller; Jana Utter; Paul Walker; Jessica Wasserman.