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Volume 32, Issue 3

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Monday, 04 January 2016 06:00

The State of Enterprise Risk Management 2016

Written by  Stephanie Balaouras

Forrester Research and Disaster Recovery Journal have partnered to field a number of market studies in business continuity (BC), disaster recovery (DR), and overall enterprise risk management (ERM) in order to gather data for company comparison and benchmarking, to guide research, and for the publication of best practices and recommendations for the industry. This is the ninth annual joint survey. This particular study focuses on the state of ERM. Specifically, we designed this study to determine:ERM roles, responsibilities, and reporting structure. The relationship of business continuity to ERM. Crisis response – including business continuity crises and other brand and reputational crises. The solutions firms invest in to facilitate ERM.More and More Firms Have Formal Enterprise Risk Management Programs According to our study, 40 percent of firms have a formal enterprise risk management program while another 27 percent say they have a single director or head of risk for select areas but not necessarily a