Enterprise Risk Management

Enterprise Risk Management (ERM) is a strategic framework used by organizations to identify, assess, manage, and monitor risks that could potentially affect their objectives. It encompasses a holistic view of risks, both internal and external, across the entire organization, enabling decision-makers to better understand risk interdependencies and their impact on performance. ERM aims to create value by improving risk response strategies, optimizing risk management costs, and ensuring compliance with regulatory requirements. By embedding risk management practices into the culture and operations, organizations can enhance their resilience, agility, and competitive advantage in a volatile business environment.