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Posted: April 20th, 2022
Risk management is one of the most important components in empowering an
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. Your task is to write a 6 page paper discussing the following concepts:
Introduction
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 or /application.
Conclusion, final thoughts for future research
Recommendation
additional Scholarly source7 pages (not including cover and reference pages)
Strict APA 7 formatinclude an introduction, a body with fully developed content, and a conclusion.
4-5 peer reviewed scholarly articles
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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 assignment is to write a 6-page paper on the following topics:
Introduction
Why should a business implement an ERM application?
What are some of the most significant challenges and solutions to implementing an ERM?
What Factors Influence ERM Effectiveness?
Discuss
Study Notes & Homework Samples: Copyright © 2009 Pearson Education, Inc. Publishing as Prentice HallFirst Screen »Lesson Plan for a chosen Content Area
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