Enterprise Risks

Risks are the events or conditions that may result in losses to the enterprise, or may prevent it from achieving its objectives. The sources of risk include the following:

1. The conditions and events in the decision environment of an enterprise that may prevent it from achieving its predetermined performance expectations; and/or

2. The conditions and events in an organisation that limit its capacity to achieve its predetermined objectives in a sustainable manner.

Enterprise risk management (ERM) includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress.

The common aim of all risk assessment models is to assess the…

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This group deals with the risks facing enterprises and organisations, and the management thereof. Post your opinions, remarks, questions and comments about this topic in this group. Site subscribers can download supplementary articles, templates, presentations and resources.