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.

 

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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 851 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 851 standard requirements:

  1. A board with a majority of independent directors should regularly seek executive managements responses to such questions: what are the companys top risks? Does your organization do this?

  2. Are the individuals responsible for the requisitioning/receiving and purchasing functions different from the individuals responsible for the invoice processing/accounts payable?

  3. The risk of failing an audit; what does your company believe will be the worst thing that would happen to them if others receive an adverse opinion from outside auditors?

  4. What are the responsibilities of the ERM. Does the function serve as a coordinating body for the individual Risk Management activities or as an advisory body?

  5. Does each of the performance measures include a documented definition, a consistent calculation method, and internal controls to help ensure completeness and accuracy?

  6. Does the company have clear objectives and have others been communicated so as to provide effective direction to employees on risk assessment and control issues?

  7. The anticipated responsibilities of the ERM; will the function serve as a coordinating body for the individual risk management activities or as an advisory body?

  8. Do the policies, procedures and organizational structure (control activities) actively attempt to control the risks that were identified in the risk assessment?

  9. Where should the organization enhance its Risk Management processes to have maximum benefit and impact on its ability to achieve business objectives?

  10. Does the internal control plan include information explaining how and when management monitors the goals, objectives and activities contained in the plan?

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 851 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 6000 COSO ERM project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Source Selection Criteria: How and when do you enter into COSO ERM project Procurement Management?
  2. Procurement Audit: Is the performance of the procurement function/unit benchmarked with other procurement functions/units in the different stages of the procurement process?
  3. Source Selection Criteria: In the technical/management area, what criteria do you use to determine the final evaluation ratings?
  4. Team Operating Agreement: The method to be used in the decision making process; Will it be consensus, majority rule, or the supervisor having the final say?
  5. Lessons Learned: How did the estimated COSO ERM project Budget compare with the total actual expenditures?
  6. Activity List: Is there anything planned that doesn t need to be here?
  7. Activity Cost Estimates: What is the COSO ERM projects sustainability strategy that will ensure COSO ERM project results will endure or be sustained?
  8. Procurement Management Plan: Are changes in scope (deliverable commitments) agreed to by all affected groups & individuals?
  9. Cost Management Plan: How does the proposed individual meet each requirement?
  10. Stakeholder Management Plan: What process was used to identify risks to the COSO ERM projects success?

 
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:

 

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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.

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