Enterprise Risk Management Committee (ERMC) (2024-2027)

Committee Members  

Objective/scope of the committee

In space and defense activities, enterprise risk management (ERM) is designed to identify and mitigate potential threats and exploit opportunities to support decision makers. The ERM Technical Committee offers a forum for risk management practitioners from various organizational backgrounds including, but not limited to governmental, for-profit 
corporations, non-profit and research organizations in the aerospace sector.

The Committee will:

• Facilitate discussions on ERM best practices and lessons learned;

• Promote research in ERM across a wide variety of aerospace organizations;
• Provide a forum for ERM practitioner networking.

Guidelines for the Enterprise Risk Management (ERM) Technical Committee call for papers for the 2025 IAC:

The many benefits of space-based activities to the global economy, technology innovation, national defense, science, and exploration are only realizable if the use of space is secure and sustainable. Risk management plays a crucial role in establishing and maintaining this secure and sustainable use of space This session will explore how Enterprise Risk Management (ERM) frameworks can help space organizations (civil, government and military) manage interconnected strategic, operational, and compliance risks, promoting resilience, sustainability, and collaboration across sectors.

Abstracts would be welcome on the following topics:

1. Strategic Risk & Scenario Planning

- How global Geopolitical & Socio-Economic challenges (e.g., military conflicts, extreme weather events, etc.) shape ERM practices and long-term risk-based planning in space. - Preparing for “black swan” events (e.g., space conflicts, space weather events, etc.) through ERM. - Risks in Military Space Operations: Examining ERM’s role in national security space functions and its impact on security strategies. - How to best make use of advances in new technologies development such as AI, quantum, etc. and what threats/opportunities to a secure world do they represent?

2. Insurance & Crisis Management Best Practices

- Integrating insurance and crisis management best practices with ERM frameworks

3. ERM for Public-Private Sector Collaboration

- Effective ERM frameworks for joint risk management between governments and private space entities.

Symposiums/sessions at the IAC

Session E9.5 Strategic Risk Management for Successful Space & Defence Programmes