In the wake of mismanagement that brought down some of the largest corporations, Enterprise Risk Management (ERM) has emerged as an essential discipline for any corporation. Yet successful ERM can be deceptively elusive without access to timely, accurate, and comprehensive risk information from throughout the enterprise. Creating and sustaining such an information rich risk environment requires a discipline known as Enterprise Risk Information Management (ERIM).

This whitepaper shows how the quality of data is critical to an effective ERM process and introduces a comprehensive approach to managing data. A robust data environment can produce tremendous benefits to delivering superior risk management policies and methodologies. An enterprise approach to data management involves cultural change that is driven by the implementation of data-specific policies and methodologies in addition to technology infrastructure.