The current operating environment is demanding a more integrated risk management
approach (see Bolvin et al. 2007 and Treasury Board of Canada 2001). It isno longer sufficient to
manage risk at the individual activity level or infunctional silos. Organizations around the world
are benefiting from a more comprehensive approach to dealing with all their risks.
Today, organizations are faced with many different types of risk (e.g., policy, program,
operational, project, financial, human resources, technological, health, safety, political). Risks that
present themselves on a number of fronts as well as high level, high -impact risks demand a co-ordinated, systematiccorporate response