The Committee of Sponsoring Organizations' Enterprise Risk Management Framework

The Committee of Sponsoring Organizations' Enterprise Risk Management (ERM) Framework helps organizations identify, assess, and manage risks that could affect their objectives. It provides a structured approach to understanding uncertainties, so organizations can make informed decisions, seize opportunities, and improve performance. The framework emphasizes a proactive, integrated process involving leadership at all levels, fostering a culture of risk awareness. It aims to enhance the organization’s resilience by balancing risk and reward, ensuring risks are known, understood, and properly managed to support strategic success.