ERM Framework Flashcards
1
Q
GO PRO
A
Governance & Culture
Objective/strategy setting
Performance
Review & Revision
Ongoing info, communication, reporting
2
Q
DOVES
A
Governance and culture
3
Q
SOAR
A
Strategy and objective setting
4
Q
VAPIR
A
Performance
5
Q
SIR
A
Review and revision
6
Q
TIP
A
Ongoing info and communication and reporting
7
Q
- DOVES
A
Desired culture Oversight by board Values at the top Employees capable Structure, operating
8
Q
- SOAR
A
Strategies, alternative
Objectives, business
Analyze business context
Risk appetite
9
Q
3.VAPIR
A
View,Portfolio view Assess risk severity Prioritize risk Identify risk events Response- arts
10
Q
- SIR
A
Substantial change
Improvements, pursue them
Review risk and performance
11
Q
- TIP
A
Technology, leverage it
Info, communicate risk info
Performance & risk reporting