Enterprise Risk Management (ERM) is a rigorous approach to assessing and addressing risks from all sources that threaten the achievement of an organization’s strategic objectives. ERM treats managing risk holistically and strategically.

ERM is the largest global pure play sustainability consultancy, partnering with the world’s leading organizations to create innovative solutions to sustainability challenges and unlock commercial opportunities that meet the needs of today while preserving opportunity for future generations.

ERM is a leading global provider of environmental, health, safety, risk, social consulting services and sustainability related services. We have more than 8,000 people in 40+ countries and territories working out of over 140 offices.

ERM has been serving clients throughout United States and beyond for over 35 years. We have over 50 offices employing over 2,000 staff. ERM has been helping businesses and other …

Seek to embed ERM in all levels of the agency and analyze risks when making decisions. Prioritize loss prevention by assessing all areas of agency exposure to risk (strategic, operational, compliance, financial, reputational, safety, etc.) and manage those exposures as an interrelated risk portfolio, rather than in departmental “silos.”

The Enterprise Risk Management (ERM) Program facilitates the process of planning, organizing, and controlling activities of the department to minimize the effects of risk on their capital and earnings.

Enterprise Risk Management Business Planning: Develop and administer ERM systems to actively substantiate, investigate, report, track, and manage risks at all levels of the agency. Align ERM, organization, and program business plans with the WSDOT Strategic Plan. Review and present recommended modifications to risks.

ERM is a structured, institution-wide approach to identifying, assessing, monitoring and responding to risks. It is a collaborative process by which these risks can be talked about, evaluated, and acted upon as we move forward with our strategic plan and take advantage of potential opportunities.

The ERM decision-making process fundamentally involves weighing value versus risk. It is the intent of this Secretary’s Executive Order to ensure that the department can make informed decisions about risk tolerance.

With ERM methods, risk managers can work across the agency to identify, measure and evaluate any kind of risk. With ERM, leaders can, for the first time, get a clear “big picture” of their most serious exposures and make informed decisions about how to deploy resources to lessen risks that threaten successes.