The Enterprise Risk Management Framework

The Enterprise Risk Management (ERM) Framework is a structured approach organizations use to identify, assess, and address potential threats that could impact their objectives. It involves recognizing risks across all parts of the organization, analyzing their likelihood and impact, and implementing strategies to manage or reduce them. The goal is to balance risk with opportunities, ensuring informed decision-making and long-term success. Think of it as a comprehensive safety net—helping the organization prepare for uncertainties and respond effectively to protect its assets, reputation, and future growth.