The Enterprise Risk Management Framework (COSO)

The COSO Enterprise Risk Management (ERM) Framework helps organizations identify, assess, and manage risks that could affect their objectives. It provides structured guidance to create a proactive risk culture, integrate risk considerations into decision-making, and improve overall performance. The framework emphasizes a holistic approach, considering risks across the entire organization, including strategic, operational, financial, and compliance areas. Effective ERM helps organizations prevent or minimize negative surprises, capitalize on opportunities, and achieve their goals more reliably by embedding risk awareness into everyday processes.