Establishing Enterprise Risk Management (ERM) at a Nordic defence manufacturer

A Nordic defence manufacturer sought to strengthen its risk management amid rapid growth, increasing external expectations, and the appointment of a new risk manager. Operating in a complex matrix organisation with limited time to introduce new processes, the client wanted a fit-for-purpose Enterprise Risk Management (ERM) approach that delivered short-term value while building long-term capabilities. 


Implement proposed a phased programme across four tracks: 1) stakeholder mapping and engagement, 2) ERM framework development aligned with recognised standards, 3) creation of a top-down risk portfolio view, and 4) directed risk initiatives in areas such as supply chain, CAPEX, and capacity to further treat risk. 


The approach built on existing practices, clarified governance, and integrated risk into strategic decision-making.