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.
â¢ Risk Management is a defined set of coordinated activities to direct and control an organization with regard to risk. â¢ Risk Management allows an organization to identify risk mitigation strategies so the organization can achieve its goals 2. The risk management process should become part of, and not separate from, those organizational processes. â¢ In particular, risk management should be embedded into the policy development, business and strategic planning and review, and change management processes.