Total Enterprise Risk Management

Total Enterprise Risk Management (TERM) is a comprehensive approach that organizations use to identify, assess, and manage all types of risks that could impact their objectives. It involves looking at everything from financial uncertainties and operational issues to strategic challenges and external threats like market changes or regulatory shifts. By integrating risk management across all departments and levels, TERM helps organizations proactively prevent problems, make informed decisions, and ensure long-term success. Essentially, it’s about creating a unified system to handle risks effectively and protect the organization’s value.