Last updated: 9 Jun 2026 | 12 Views |
What is Risk Management?
Risk Management (ERM) is the process that an organization uses to identify, assess, and manage events that could impact the achievement of the organization's objectives, both negatively (threats) and positively (opportunities).
The main objectives of risk management:
• Protect the value of the organization and its stakeholders
• Ensure confidence in achieving objectives
• Reduce uncertainty in business operations
• Improve decision-making with risk information
• Comply with ISO 31000 / COSO ERM standards
