On Good Friday, April 14, 1865, Lincoln was assassinated at Ford's Theatre in Washington by John Wilkes Booth, an actor, who somehow thought he was helping the South. The opposite was the result, for with Lincoln's death, the possibility of peace with magnanimity died.
The risk management processâof identifying, analyzing, evaluating, and ultimately responding to and. monitoring riskâis at the heart of enterprise risk management (ERM). Extending this process across an. entire organization, looking at both âupsideâ and âdownsideâ risk, and considering risk in the context of. strategy is what differentiates âERMâ from âtraditionalâ risk management. This Guide to Risk Assessment & Response deals with the first steps 1 through 5 of the risk.
Learn what should be included in an effective ERM program for your growing company. What is an Enterprise Risk Management (ERM) Program? Enterprise risk at its basic level is the amount of uncertainty a company takes on as it facilitates shareholder growth. Enterprise risk management (ERM) is the process of planning, organising, leading, and controlling the activities of an organisation to minimize the effects of risk on capital and earnings. A program helps to coordinate those processes and activities.