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So far in this course, you have explored the concepts of risk and uncertainty, Ieamed how they fit into the f
frameworks of traditional risk management and ERM, and considered the different ways that an ERM 1
program can work in a variety of organizations. Now that you have explored risk management, can you
3 fonnulate an argument for why an organization should employ ERM techniques? If you were to approach
the leadership of an organization that did not currently use ERM. how would you persuade them of its‘ 2
if benefits? This Assignment calls for you to describe and characterize the benefits of a successful ERM
program.
l For this Assignment, you will analyze the benefits of risk management and use the article “Incorporating 2
1 Strategic Risk into Enterprise Risk Management: A Survey of Current Corporate Practice” as the focus of
evaluation to answer the following questions:
According to the inferences that Gates draws from his survey. what forces propel the initiation of ERM?
Vvhat provides the persistent benefits of ERM?
3 Drawing upon the data presented in the article. can you identify five key elements of a successful ERM
1 program? 3
What are the three main benefits of a fully-developed ERM program? j
1 l
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