Enterprise Risk Management is defined as an organisation’s ability to understand, control, and articulate the nature and level of risks taken in pursuit of business activities
GRC Risks
What is it about?
Enterprise Risk Management is defined as an organisation’s ability to understand, control, and articulate the nature and level of risks taken in pursuit of business activities. One of the main benefits of ERM is visibility and an enhanced focus on risk management across the enterprise. In proper risk management, a prioritisation process is followed whereby the risks with the greatest possible loss/impact, and the greatest probability of occurring are handled first, and risks with lower probability and loss are dealt with later.
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App Store Description
Enterprise Risk Management is defined as an organisation’s ability to understand, control, and articulate the nature and level of risks taken in pursuit of business activities. One of the main benefits of ERM is visibility and an enhanced focus on risk management across the enterprise. In proper risk management, a prioritisation process is followed whereby the risks with the greatest possible loss/impact, and the greatest probability of occurring are handled first, and risks with lower probability and loss are dealt with later.
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