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.
The fundamental goal of risk management is to minimize the cost of  risk and to   maximize a firm's value (in the context of business risk  management). 3 people found this useful. Edit.