Consider: Enterprise Risk Management (ERM) - From “Fact to Act”

Enterprise risk management (ERM or E.R.M.) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances (risks and opportunities) relevant to the organization’s objectives (goals and targets), assessing them in terms of likelihood and magnitude of impact, determining a response

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