Applying knowledge management to enterprise risk management: Is there any value in using KM for ERM?
Abstract
In many organisations, there is no clear relationship between risk management and the practice of knowledge management. By adopting knowledge management processes, organisations can improve enterprise-wide implementation of risk management. This paper considers the application of processes to enterprise risk management (ERM), concentrating in the first instance on knowledge sharing. Within a cluster, the results show a possible relationship between the quality of knowledge sharing and system integration and the perceived value of ERM. In general, the relationship between the perceived value of ERM and knowledge sharing is significant but low.
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Author's Biography
Eduardo Rodriguez is a quantitative analyst at EDC Export Development Canada. He is the Director of the Ottawa Chapter of PRMIA and runs his own knowledge management practice — IQAnalytics. He has had many years of experience in product development, marketing, data mining and credit assessment. His interest is in the application of knowledge management to enterprise risk management. He has published articles in several conference proceedings and in the monographs of the ERM Symposium of the Actuarial Societies and PRMIA. He is currently a PhD candidate at Aston Business School, Birmingham, UK.
John S. Edwards is Professor of Operational Research and Systems at Aston Business School, Birmingham, UK. His interest has always been in how people can and do (or do not) use models and systems to help them to do things. At present, his principal research interests include how knowledge affects risk management, investigating knowledge management strategy and its implementation, and the relevance of technology to knowledge management. He has published more than 50 articles in refereed journals and is editor of the Knowledge Management Research & Practice journal.
Citation
Rodriguez, Eduardo and Edwards, John S. (2009, September 1). Applying knowledge management to enterprise risk management: Is there any value in using KM for ERM?. In the Journal of Risk Management in Financial Institutions, Volume 2, Issue 4. https://doi.org/10.69554/BVBP4459.
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