Enterprise Risk and Opportunity Management

Organizations driven to use risky technologies to accomplish technological gains for the common good face different kinds of risks and opportunities than businesses and financial organizations that use enterprise risk and opportunity management (EROM) chiefly to achieve monetary gain for the company and its stockholders. Enterprise Risk and Opportunity Management is written specifically for those organizations charged with producing breakthroughs for the benefit of mankind. In this highly lucid, specialized resource, risk analysts, engineers, and top leadership finally have authoritative guidance on EROM principles and how they should be specifically applied to technical research, integration, and operationalizing (TRIO) enterprises. It looks at how EROM works with existing management structures, how it improves interactions with external agencies, how it leads to effective internal controls, and how it may be applied throughout an enterprise as well as within individual management units. Practical coverage dives into the deeply technical aspects of using qualitative data to make decisions about acceptable risk in situations of high uncertainty, with real-world insight into how to use the included templates to evaluate overall performance and planning strategy. This full treatment also branches out to incorporate the qualitative aspects of EROM to inform quantitative pieces of financial planning and accounting in order to optimize bottom-line focused decision-making and internal controls. Finally, TRIO enterprise leaders and governing authorities get powerful and convenient guidance for evaluating the strength of the EROM analysis, internal controls, and the success of seized opportunities. This is the only resource you need to understand how EROM: Interacts with processes aimed at technical capabilities assessments, strategic reviews, portfolio performance reviews, and internal control assessment Enhances management functions, flow of information, and an organization's ability to satisfy regulatory requirements Streamlines the way technical centers and directorates execute their programmatic and institutional responsibilities, manage multiple partnerships, and communicate with partnering organizations Manage risk in the technology sector without missing an opportunity with Enterprise Risk and Opportunity Management.