Imbedded within any enterprise risk management (ERM) program is the ability to communicate effectively throughout all the processes to the decision-makers and implementers. Finance professionals at all levels within an organization have used a heat map during the identification, assessment, and monitoring phases of the ERM process. As strategies and responses are challenged, changed, and developed, communication is a key element.
This tool is geared towards the novice as well as the experienced professional. Included is a diagram explaining the