ERM: The value proposition

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By Joanna David-O'Neill | 01 May 2010
Enterprise risk management (ERM) is a process of assessing and responding to all risks, including organizational and systemic risks that impact the ability of an organization to meet its objectives. A formal ERM process includes risk identification, evaluation, prioritization, treatment, monitoring, reporting, and integration into strategic decision making and key business functions. This paper reviews the challenges organizations face in implementing ERM processes.