We've got 24 shorthands for enterprise risk management »
Acronyms that contain the term enterprise risk management
What does enterprise risk management mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: enterprise risk management.
Possible matching categories:
Term | Definition | Rating |
---|---|---|
MERIT | Management, Enterprise, Risk, Innovation, and Teamwork | |
ERM | Enterprise Risk Management | |
ERMO | Enterprise Risk Management Office | |
EFRMS | Enterprise Fraud Risk Management Solution | |
ERCM | Enterprise Risk and Compliance Management | |
SERMC | Strategic Enterprise Risk Management and Compliance | |
ERMC | Enterprise Risk Management Committee | |
ERMC | Enterprise Risk Management Committee | |
MSERM | Master of Science in Enterprise Risk Management | |
MSERM | Master of Science in Enterprise Risk Management | |
EERM | Extended enterprise risk management | |
ETRM | Enterprise Trading and Risk Management | |
MSERM | Masters of Science in Enterprise Risk Management | |
MSERM | Masters of Science in Enterprise Risk Management | |
ERMA | Enterprise Risk Management Academy | |
ERMA | Enterprise Risk Management Academy | |
ERMM | Enterprise Risk Management Model | |
CERM | Campus Enterprise Risk Management | |
ESRM | Enterprise Security Risk management | |
ERMP | Enterprise Risk Management Program | |
CERM | Comprehensive Enterprise Risk Management | |
ERM | Enterprise Risk Management | |
ERMF | Enterprise Risk Management Framework | |
ERM | Enterprise Risk Management |
What does enterprise risk management mean?
- Enterprise risk management
- Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (threats and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall. ERM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes–Oxley Act, data protection and strategic planning. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed. Regulators and debt rating agencies have increased their scrutiny on the risk management processes of companies. According to Thomas Stanton of Johns Hopkins University, the point of enterprise risk management is not to create more bureaucracy, but to facilitate discussion on what the really big risks are.
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"enterprise risk management." Abbreviations.com. STANDS4 LLC, 2024. Web. 9 May 2024. <https://www.abbreviations.com/enterprise%20risk%20management>.
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