Friday, April 24, 2009

Learning ERM from a 100-year old Start-Up - LINK TO SLIDES ADDED

As mentioned earlier today, David Fox of KBR was the guest speaker at NC State's ERM Roundtable in Raleigh. His slides will be shared and linked next week, and are definitely worth a view. All good stuff.

A speaker abstract and slides are now available at NC State's website.

KBR is the Houston-based, $11+ Billion engineering and construction firm that was spun out from Halliburton in 2007. At the time of the transaction, KBR was living in the shadows of FCPA wrong-doings, more than one hundred million dollar missteps in terms of long-term projects and equity investments, and a host of cultural challenges related to being a start-up.

Unlike many previous ERM speakers, David did not advocate a complex or elaborate risk system. He sees his role as a facilitator, to help KBR management talk about key risks and mitigants that could decrease the likelihood of business objectives being achieved.

The best soundbytes relate to David's own "risk management" of raising three teen-aged boys. Values, not dashboards, are his key to helping ensure the outcomes that he wants for his teenagers. Simplicity is key. Stay tuned for more interesting information on his CPE session.

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