Reviews 3 ERM Enterprise Risk Management is a highly useful and advanced enterprise that involves presentation, controlling, organizing, and implementing several activities that deals risk the management of risks.
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Identify Risk What could go wrong? What are the potential losses or gains? Need for a common guide for discussing, identifying, evaluating and managing risk. Is our short or long term success at stake? The ERM process majorly comprises of 4 phases: evaluation of capabilities, building risk management capacity, accessing risks, and mitigating these risks.
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