Six Sigma and Enterprise Risk Management


Posted by: meikah | 18 March 2009 | 9:08 pm

Six Sigma tools and ERM

According to an iSixSigma article:

Enterprise risk management (ERM) is a framework for managing risk across an organization. It improves an organization’s ability to accept the right amount of risk to capture strategic opportunities. ERM is made up of eight components, each of which can be supported by the tools and methods of Six Sigma.

The 8 components are:

  1. Internal environment
  2. Objective setting
  3. Event identification
  4. Risk assessment
  5. Risk response
  6. Control activities
  7. Monitoring
  8. Information and communication

Each is explained alongside with the role of Six Sigma tools in each component.

Continue reading…

*Photo from the same iSixSigma article

 Filed under: Six Sigma, Tools/Toolkits, iSixSigma | | 2 Comments »






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