Things to keep in mind while implementing ERM program
Running an organization requires several things to manage and when you manage things, there will be a possibility of risk and problems. And as a moral responsibility of any organization, you need to be prepared for all the future risks. This will not only mean to craft a plan or strategy, but you also require something more advanced and effective.And this when Enterprise Risk Management (ERM) comes into the picture.What is Enterprise Risk Management (ERM)?
Enterprise Risk Management (ERM) is a plan based process management that assesses, recognizes, and makes the organization compatible with all kinds of dangers and hazards. This will also include the organization’s objectives and operation.
ERM is all about structuring the organization effectively so that it can be dealt with the risk...