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Enterprise Risk Management (ERM): The
most effective and ultimate form of Risk
Management
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Our
definition of ERM
An
Enterprise wide, integrated awareness and
decision making process that results in
identifying, measuring and managing all
risks that have negative impacts on economic
shareholder value.
Benefits of ERM
ERM provides an organization with many long term
benefits that
overtime outweigh he costs associated with
building the ERM framework.
Components
of ERM
The COSO’s “Enterprise Risk
Management Framework” lists various
components of ERM. These are:
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Internal
Environment |
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Objective Setting |
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Event
Identification |
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Risk Assessment |
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Risk Response |
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Control Activities |
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Information and
communication |
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Monitoring |
ERM
Consulting's ERM Framework
ERM Consulting provides the ERM framework as
outlined by COSO. ERM provides the ERM
framework in a staggered manner depending upon
the needs of the organization and the resources
available for the ERM efforts. As people
say, ERM is a journey and we can help you for as
long as you want.
ERM has developed a unique
ERM implementation
Methodology that outlines the various
options that clients have for ERM projects.
Please review these
options for more details.
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