COSO ERM Toolkit

Save time, empower your teams and effectively upgrade your processes with access to this practical COSO ERM Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any COSO ERM related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated COSO ERM specific requirements:

STEP 1: Get your bearings

Start with...


• The latest quick edition of the COSO ERM Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.


Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…


• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation


Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 997 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which COSO ERM improvements can be made.

Examples; 10 of the 997 standard requirements:


1. Does your organization have an independent risk committee, separate from the audit committee, with sufficient authority, stature, independence, and resources, that reports directly to the board?
   
   

2. How do you use the data that already exists internal and external to your organization to better identify and predict emerging changes in the risk environment?
   
   

3. How would you measure and rate the regulatory risk of your organization and what are the possible risk management options available to manage the risk?
   
   

4. How does the board oversee your organizations assessment of climate risk within its enterprise risk management programs and processes?
   
   

5. How is enterprise risk management translated to an influence on the individual account decisions an underwriter makes?
   
   

6. What types or categories of risks seem to be the primary focus of your organizations risk identification process?
   
   

7. How likely is it that your organizations external financial and operating reporting information is incomplete?
   
   

8. Is an immediate decision needed about whether to withdraw from your organization line or client relationship?
   
   

9. Does your organization utilize the COSO Framework for Enterprise Risk Management in the management of risk?
   
   

10. How internal audit leadership and enterprise risk management can optimize the roadmap of your organization?
    
    


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:


• The workbook is the latest in-depth complete edition of the COSO ERM book in PDF containing 997 requirements, which criteria correspond to the criteria in...


Your COSO ERM self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:


• The Self-Assessment Excel Dashboard; with the COSO ERM Self-Assessment and Scorecard you will develop a clear picture of which COSO ERM areas need attention, which requirements you should focus on and who will be responsible for them:
  
  


• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix

• Gives you a professional Dashboard to guide and perform a thorough COSO ERM Self-Assessment

• Is secure: Ensures offline data protection of your Self-Assessment results

• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:



STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage COSO ERM projects with the 62 implementation resources:


• 62 step-by-step COSO ERM Project Management Form Templates covering over 1500 COSO ERM project requirements and success criteria:


Examples; 10 of the check box criteria:


1. Probability and Impact Assessment: What should be the requirement of organizational restructuring as each subCOSO ERM project goes through a different lifecycle phase?
   
   

2. Stakeholder Management Plan: Is there a formal process for updating the COSO ERM project baseline?
   
   

3. Planning Process Group: When developing the estimates for COSO ERM project phases, you choose to add the individual estimates for the activities that comprise each phase. What type of estimation method are you using?
   
   

4. Cost Management Plan: Mitigation – based on the action, cost and probability of success, will the mitigation be made?
   
   

5. Project Charter: Success determination factors: how will the success of the COSO ERM project be determined from the customers perspective?
   
   

6. Quality Audit: Is there a written procedure for receiving materials?
   
   

7. Quality Audit: Is there any content that may be legally actionable?
   
   

8. Team Operating Agreement: Do you ask participants to close laptops and place mobile devices on silent on the table while the meeting is in progress?
   
   

9. Requirements Management Plan: How will unresolved questions be handled once approval has been obtained?
   
   

10. Change Request: What is the function of the change control committee?


 
Step-by-step and complete COSO ERM Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


• 1.1 COSO ERM project Charter

• 1.2 Stakeholder Register

• 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:


• 2.1 COSO ERM project Management Plan

• 2.2 Scope Management Plan

• 2.3 Requirements Management Plan

• 2.4 Requirements Documentation

• 2.5 Requirements Traceability Matrix

• 2.6 COSO ERM project Scope Statement

• 2.7 Assumption and Constraint Log

• 2.8 Work Breakdown Structure

• 2.9 WBS Dictionary

• 2.10 Schedule Management Plan

• 2.11 Activity List

• 2.12 Activity Attributes

• 2.13 Milestone List

• 2.14 Network Diagram

• 2.15 Activity Resource Requirements

• 2.16 Resource Breakdown Structure

• 2.17 Activity Duration Estimates

• 2.18 Duration Estimating Worksheet

• 2.19 COSO ERM project Schedule

• 2.20 Cost Management Plan

• 2.21 Activity Cost Estimates

• 2.22 Cost Estimating Worksheet

• 2.23 Cost Baseline

• 2.24 Quality Management Plan

• 2.25 Quality Metrics

• 2.26 Process Improvement Plan

• 2.27 Responsibility Assignment Matrix

• 2.28 Roles and Responsibilities

• 2.29 Human Resource Management Plan

• 2.30 Communications Management Plan

• 2.31 Risk Management Plan

• 2.32 Risk Register

• 2.33 Probability and Impact Assessment

• 2.34 Probability and Impact Matrix

• 2.35 Risk Data Sheet

• 2.36 Procurement Management Plan

• 2.37 Source Selection Criteria

• 2.38 Stakeholder Management Plan

• 2.39 Change Management Plan


3.0 Executing Process Group:


• 3.1 Team Member Status Report

• 3.2 Change Request

• 3.3 Change Log

• 3.4 Decision Log

• 3.5 Quality Audit

• 3.6 Team Directory

• 3.7 Team Operating Agreement

• 3.8 Team Performance Assessment

• 3.9 Team Member Performance Assessment

• 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:


• 4.1 COSO ERM project Performance Report

• 4.2 Variance Analysis

• 4.3 Earned Value Status

• 4.4 Risk Audit

• 4.5 Contractor Status Report

• 4.6 Formal Acceptance


5.0 Closing Process Group:


• 5.1 Procurement Audit

• 5.2 Contract Close-Out

• 5.3 COSO ERM project or Phase Close-Out

• 5.4 Lessons Learned


Results

With this Three Step process you will have all the tools you need for any COSO ERM project with this in-depth COSO ERM Toolkit.

In using the Toolkit you will be better able to:


• Diagnose COSO ERM projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices

• Implement evidence-based best practice strategies aligned with overall goals

• Integrate recent advances in COSO ERM and put process design strategies into practice according to best practice guidelines


Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make COSO ERM investments work better.

This COSO ERM All-Inclusive Toolkit enables You to be that person.

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.