Case study – ERM at Hydro One

If I got together with all the other enterprise risk management practitioners and thought leaders, and spend a day filling in an Ishikawa diagram looking for root causes for why ERM has not achieved rock star status (or at the very least SOX status), we would be remiss if we did not identify: “There just are not enough case studies or success stories about ERM implementations.”

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I know of only one such case study and have been peddling it for the last few years. When clients asked for something more real than consultant speak or COSO ERM gibberish, I shared this 2005 case study about the ERM implementation at Hydro One, a Canadian electric utility company.

It’s a really good read (less than 14 pages with lots of charts and diagrams) and because it is written in case form, it makes it easy to understand.

The link to this document no longer works. Please search for “The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One”

Amended 9/10/2009: See a bit more on Hydro One here http://riskczar.com/2009/09/10/a-bit-more-on-hydro-one/