Task:
Building upon research and analysis conducted for earlier assignments, your task is to create an Enterprise Risk Management (ERM) framework that provides a comprehensive approach to the identification, analysis and evaluation of risks for the organization that was introduced in Assignments 1, 2 and 3. It should be based on the principles detailed in ISO 31000:2018
Risk management - Principles and guidelines
Risk Management- Risk Assessment Techniques Standard. You will need to include the identification risks in all areas in the organization and their analysis/evaluation.
INSTRUCTIONS:
1. Design the framework for how the organisation should effectively manage its risk(s). In your report:
• Explain why it is important for the company to strategically manage risk (benefits to the firm);
• Conduct a Risk Assessment;
• Outline the key components of the recommended Risk Management Framework;
• Describe the key steps in the implementation process.
2. Your assignment should be not longer than 2000 words, plus references and appendices if appropriate, 12 point type, 1.5 line spacing. All researched information must be correctly referenced using APA6 Referencing style.
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