What is Enterprise Risk Management (ERM)?
Enterprise Risk Management is an organization-wide strategy to support better structure, reporting and analysis of risks which will put the enterprise in jeopardy of failure. Effective tracking of these types of risks results in better risk mitigation decisions and provides a framework for risk identification, mitigation and impacts on the enterprise as a whole.
Enterprise risks include:
- Financial Risks
- Governance and compliance risks
- Legal Risks
- Competitive Risks
- Strategic Risks
- Supply Chain Risks
- Disaster and Incident Risks
- Compliance Risks
RiskMgr is a PMI compliant, Enterprise Risk Management (ERM) tool that can be customized and scaled to any size of project or organization, implemented in a matter of weeks, not months, at a cost that is more manageable than other risk management softwares. With a no obligation proof of concept, you can be well on your way to protecting your organization from enterprise risks.