Linking Risk Management to Strategy

Course Details


Thursday, June 16, 2022

12:00pm – 2:00pm (Registration: 8:06am)



Field of Study

Advisory Services

CPE Credit

2 hours CPE credit

Level of Knowledge





Familiarity with enterprise risk management concepts and best practices.


Linking Risk Management to Strategy and Strategic Planning -integrating risk management into your strategic planning is essential for its success. However, as showed by the included surveys, only about 20% of companies have integrated their ERM activities into strategic planning. The material provides several surveys identifying top risks as described by executives. The uneven impact of Black Swan events (9/11, Great Recession and Covid-19)among industries and companies within industries is discussed. For example, in retail bricks and mortar firms suffered lost business, as companies with a strong e-commerce base grew during Covid-19. The changed role of financial professionals to help bring about a better understanding of the organization's business model, as a means to add significant value is part of the over all discussion. The use of the Balanced Scorecard as a tool to reduce the number of measurements and focus on key metrics (KPIs) is demonstrated. By cascading linked measurements throughout the company risk management and overall strategy become part of every activity. Other techniques such as strategy mapping areused in the discussion and in exercises. An executive summary of The State ofRisk Oversight (2018), co-sponsored by AICPA and North Carolina StateUniversity, is included to aid the participants as they implement the processof linking ERM activities with strategic planning efforts.


*Recognize the importance of linking risk to strategic planning *Identify the strategies to handle risks *Recognize the expanding role of finance *Recall how to incorporate risk management into strategic planning

Designed For

Practitioners of any level who play a risk management role

Course Pricing

WYOCPA Member Fee

Non-Member Fee

Your Price

View All Professional Development Courses