- Home
- About Us
- Services
- Security Services
- Network Services
- Consulting Services
- Compliance Services
- Training Services
- Products
- COBIT Compliance
- ISO27001 Compliance
- COSO
Compliance
- IT Balanced Scorecard
- Customers
- Careers
- Contact Us
Enterprise Risk Management
Organizations by nature manage risks and have a variety of existing specialized departments or functions ("risk functions") that identify and manage particular risks. However, each risk function varies in capability and how it coordinates with other risk functions. A central goal and challenge of ERM is improving this capability and coordination, while integrating the output to provide a unified picture of risk for stakeholders and improving the organization's ability to manage the risks effectively.
Enterprise Risk Management enables better capital management through increased predictability and lower volatility and hence contribute to stakeholders value. 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.