Explore BrainMass

Explore BrainMass

    Enterprise Risk Management Programs

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Draft the risk analysis portion of your final project including Risk Identification, Quantification and Risk Response development. You should identify at least three potential risks.

    © BrainMass Inc. brainmass.com June 4, 2020, 4:43 am ad1c9bdddf

    Solution Preview


    According to RIMS (the Risk Management Society), Enterprise Risk Management ("ERM") is a strategic business discipline that supports the achievement of an organization's objectives by addressing the full spectrum of its risks and managing the combined impact of those risks as an interrelated risk portfolio.

    Risk to the business include ones that are strategic, financial, operational, legal/regulatory or reputational in nature. It may not often ...

    Solution Summary

    This question seeks to understand the concept of risk identification, quantification and response. A definition of Enterprise Risk Management (ERM) is provided followed by detail on how each of those aspects of an organization`s ERM program should be conceived and implemented.