Original Source: ISACA by Ken Doughty, CISA, CRISC, CBCP 

Enterprise risk management (ERM) facilitates management’s desire to effectively govern and manage the enterprise’s approach to risk management and to create sustainable value to its stakeholders through business objectives such as capital growth (i.e., share value), increased dividend stream and satisfactory customer service. No enterprise operates in a risk-free environment, and implementation of ERM does not create such an environment. Rather, enterprises operate in environments filled with uncertainty, requiring proactive action to address risks in order to survive and prosper…

Contributors: Open Source
Categories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management