Enterprise Risk and Opportunity Management provides much-needed guidance tailored specifically to the technological sector. While most enterprise risk management guides are written for traditional businesses and finance firms, this book translates effective enterprise risk and opportunity management (EROM) principles into strategies and practices that work for government, nonprofit, and for-profit organizations in the technological space. Originally designed for noncommercial pioneering enterprises like NASA, an entire chapter is now devoted toward applying the methods to profit-making technological enterprises.

A 40-year veteran of the tech sector, Dr. Allan Benjamin outlines risk management strategies for organizations in which the advancement and integration of science and technology within complex systems is necessary for accomplishment of the mission. Commercial EROM strategies do not translate directly when the development and implementation of risky technologies is the organization's primary objective, and clumsy or near-sighted implementation can easily cripple progress. This book provides authoritative guidance tailored to the sector's specialized needs.

• Maximize opportunity while effectively managing risk
• Understand the core principles of the technological EROM approach and its interfaces with the management of the organization
• Comprehend the intricacies of aggregating risks and opportunities from lower to higher levels of the organization
• Gain expert insights specific to the technology sector
• Mitigate and control the risk that comes with pursuing discovery

In practice, EROM in this sector involves working with mostly qualitative data, and is characterized by high uncertainty. Managing risk without handicapping the organization requires a specific set of adjustments to traditional EROM, and a more nuanced approach to the idea of "acceptable risk. Balance is key in technological EROM, and Enterprise Risk and Opportunity Management provides foundational guidance, real-world strategy, and enlightening examples for getting it right.

Clearly See the Risks and Opportunities while Pioneering Technology

Enterprise Risk and Opportunity Management provides nonprofits and government entities and their commercial partners with much-needed guidance specifically directed at the technology sector. If developing and applying high-risk technologies is your organization's primary objective, you need to establish an enterprise risk and opportunity management (EROM) program specifically designed to inform decisions aimed at advancing science and technology within technical research, integration, and operationalizing (TRIO) enterprises while controlling risks.

Originally designed for noncommercial, innovative organizations and developed with consultation from NASA experts, the strategies and toolbox of templates inside offers unprecedented support, establishing processes for accurately mitigating risk while intelligently taking chances.

Keep this resource at your fingertips while you:

• Master the core principles of EROM for the technology sector and assimilate it to your current culture
• Effectively assess the risks and opportunities at every level of an organization
• Gain expert insight from a specialist who helped write the book on risk management for NASA

Enterprise Risk and Opportunity Management lets you confidently take the calculated risks leading to invaluable breakthroughs.