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Posted: April 20th, 2022
Risk management is one of the most important components in empowering an organization to achieve its ultimate vision. With proper risk management culture and knowledge, team members will be “speaking” the same language, and they will leverage common analytical abilities to identify and mitigate potential risks as well as exploit opportunities in a timely fashion. In order to consolidate efforts, the existence of an integrated framework is crucial.
This is why an ERM is necessary to the fulfillment of any organization’s goals and objectives. In your final research project for the course, your task is to write a 7 page paper discussing the following concepts:
Introduction – What is an ERM?
Why Should an Organization Implement an ERM Application?
What are some Key Challenges and Solutions to Implementing an ERM?
What is Important for an Effective ERM?
Discuss at least one real organization that has been effective with implementing an ERM framework/application.
Conclusion – Final thoughts/future research/recommendation
a day ago
16.04.2022
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Risk management is a critical component in enabling an organization to achieve its ultimate vision. Team members will “speak” the same language if risk management culture and knowledge are in place, and they will use their common analytical abilities to identify and mitigate potential risks as well as capitalize on opportunities in a timely manner. The presence of an integrated framework is critical for consolidating efforts.
This is why an ERM is required for any organization’s goals and objectives to be met. Your final research project for the course is to write a 7-page paper in which you discuss the following concepts:
What is an ERM, and how does it work?
Why Should a Business Implement an ERM Application?
What are some of the major challenges and solutions?
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