Enterprise Risk Management (ERM)
How ERM establishes the organisation’s context:
Enterprise Risk Management (ERM) focuses on developing a comprehensive strategy to identify, assess, and manage potential risks that could impact an organization.
Its primary objectives include protecting the organization’s assets, ensuring business continuity, and supporting long-term growth. By setting clear targets, ERM aims to minimize the potential impact of risks while maximizing opportunities for improvement.
These targets are continuously reviewed and adjusted to align with the organization’s evolving goals and risk environment.
