Enterprise Risk Management
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In business Enterprise Risk Management (ERM) are the methods and processes used to manage those risks, possible events or circumstances that can have influence on the Enterprise in question. By identifying and proactively treating such potential effectors, one protects the very existence, the resources (human and capital), the products and services, or the customers of the Enterprise, as well as external effects on Society, Markets or the Environment.
ERM is similar to operational risk management (ORM) but also includes credit risk and market risk.
In business Enterprise Risk Management (ERM) are the methods and processes used to manage those risks, possible events or circumstances that can have negative influence/impact on the Enterprise in question. By identifying and proactively measuring and managing such potential effectors and their impacts, one protects the very existence, the resources (human and capital), the products and services, or the customers of the Enterprise, as well as external effects on Society, Markets or the Environment.
ERM is similar to operational risk management (ORM) but also includes credit risk, market risk, interest rate risk, legal risk, and reputation risk.
[edit] See also
- credit risk
- Information Quality Management
- market risk
- Operational risk management
- Risk adjusted return on capital
