1. Introduction to Enterprise Risk Managment Types of Risk Impact of Risk ERM –Importance of ERM –ERM Options –Risk Profiles & Portfolios –ERM Valuation Credit Crisis Discussion

2. Types of Risk & Strategies Risks –Strategic –Compliance –Financial –Operational Strategies –Mitigation –Acceptance –Transfer –Avoidance

3. Driving Forces of ERM Governance –Reactive vs. Proactive Strategic –Competitive Advantage Improve Performance –Operational

4. ERM Software Solutions COSO Framework Software –Industry and Needs –Company Size Oracle vs. Qumas Consulting & Implementation –Resources Available (Time & Money) Protiviti PwC –Advantages and Disadvantages

5. Implementation As Effective as the People & Data –Junk in, Junk out Managerial Support Realistic Expectations Customer Service Ease of Software Use

6. ERM Valuation Cost of Compliance ROI vs. NPV Intangibles –True cost of risk? Cost of failure –Upside to Risk Benefit in new opportunities identified IT as an Asset –Portfolio view

7. Credit Crisis Banks Succesful at Operational & Compliance –Role of Financial Reporting - FAS 157 FMV –Role of Strategic Risk Analysis Over exposed on a portfolio level Goldman vs. Lehman Can Government truly affordably regulate strategic risk in any way?