Starting an Enterprise Risk Management Program from Scratch: A Case Study

This session will walk participants through various methods and strategies for implementation, and then tell the story of how Broward College was able to launch their successful program.

Beginning an enterprise risk management (ERM) program from the ground up is a reasonably straight-forward process, but as with any human endeavor can create lessons learned along the way. This session will walk participants through various methods and strategies for implementation, and then tell the story of how Broward College was able to launch their successful program. We will consider the limited resources in any public entity today and how they pulled together multiple disciplines into one cohesive effort, making it a truly enterprise-wide venture to support the institution’s resilience, resource allocation decisions, strengthen stakeholder confidence and embolden innovation.

Attendee Takeaways:

1. Description of various ERM implementation models and strategies
2. Show participants how ERM fits within an organization’s governance and how to sell it internally
3. Offer a real-world example of how an entity implemented ERM using multi-department collaboration

Scott has over 36 years of experience – 26 years as broker/consultant and 10 as risk manager, including five years as Director of Risk Management for Saint Louis University. He has been helping clients implement ERM since 2011 and in 2014 became a faculty member for PRIMA’s ERM implementation training program. He holds his Enterprise Risk Management (ARM-E) designation from The Institutes, and is a regular national speaker on how organizations can embed ERM into their cultures and implement its principles with little need for additional resources.

Alan has worked in Risk Management for over 13 years – 8 of those years managing risk for a Class I Railroad, and the last 5+ years running the Risk Management Dept. at Broward College, one of the largest institutes of higher education in the country with over 70,000 students. At Broward College, Alan launched their ERM program, established and chairs the Enterprise Risk and Compliance Management committee, and serves on the Cyber Incident Response Team.