Enterprise Risk Management
Enterprise Risk Management in business includes the methods and processes used by organisations to manage risks and seize opportunities related to the achievement of their objectives. Enterprise Risk Management is evolving to address the needs of multiple stakeholders who demand an understanding of the broad spectrum of risks facing complex organisations to ensure they are appropriately managed.
Risk management and risk tolerance are aligned but separate measures. Governance Manager’s risk management acknowledges that risk posture changes over time and in different circumstances, allowing for a truly dynamic view of risk governance supported by sophisticated maturity modelling.
The framework addresses the principles, framework and processes of enterprise risk management. Aligned to the principles of ISO 31000:2009, Governance Manager’s risk governance framework assists organisations to understand how mature their enterprise risk management activities are, where they would like them to be and the high level activities required to enable measurable improvement.