The implementation of an effective ERM policy continues to be one of the most significant business challenges facing mid to large organizations. This tutorial suggests a need for a multi-disciplinary project based approach. It further describes a mechanism by which the suggested approach can be realized.
Inherent in the recommended approach is the need for collaboration. Collaboration must occur not only with and between third party providers, but also among key organizational stakeholders. In addition, the recommended approach suggests that organizations must rethink their current storage strategies regarding unstructured data.
The legal, operational, and technological implications of an ERM policy must be understood using a systems thinking framework. Point solutions only make sense once a fundamentally sound methodology is in place.
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