Enterprise Risk Management (ERM) is an integrated and joined up approach to managing risk across an organisation and its extended networks. The goal of ERM is to provide a framework that enables organisations to proactively understand and address potential threats to their objectives, rather than managing risks in silos or reactively. The ERM framework can enhance the organisation's ability to anticipate and navigate uncertainties, make informed decisions, and ultimately create value for stakeholders while safeguarding against potential threats.
Related Definitions in the Project: The Risk Management
