ERM Framework

Analyzing an ERM Framework

Designing and implementing a risk-management framework helps support risk-management efforts throughout an organization.

(1) Describe a risk-management framework, its purpose and objective, and how it supports risk management efforts throughout an organization.

(2) Analyze the components of an ERM framework and explain how each component contributes to the risk-management process.

(3) Describe how the ERM framework contributes to the organization's overall decision-making process.