Enterprise Risk Management

GPTKB entity

Statements (49)
Predicate Object
gptkbp:instanceOf risk management framework
gptkbp:abbreviation gptkb:ERM
gptkbp:appliesTo organizations
gptkbp:benefit gptkb:legislation
enhanced reputation
improved decision making
protection of assets
stakeholder confidence
gptkbp:challenge resource allocation
integration into business processes
measurement of risk
organizational culture change
gptkbp:component risk assessment
risk monitoring
risk identification
communication and reporting
risk response
gptkbp:focusesOn assessment of risks
identification of risks
management of risks
gptkbp:goal maximize opportunities
minimize negative impact of risks
https://www.w3.org/2000/01/rdf-schema#label Enterprise Risk Management
gptkbp:includes financial risk
operational risk
strategic risk
compliance risk
gptkbp:originatedIn late 20th century
gptkbp:promotion gptkb:International_Organization_for_Standardization
gptkb:Committee_of_Sponsoring_Organizations_of_the_Treadway_Commission
gptkbp:relatedConcept corporate governance
risk management
strategic planning
internal audit
compliance management
business continuity management
gptkbp:relatedStandard gptkb:COSO_ERM_2017
gptkb:ISO_31000:2018
gptkbp:relatedTo corporate governance
internal controls
risk appetite
risk tolerance
gptkbp:standardizedBy gptkb:ISO_31000
gptkb:COSO_ERM_Framework
gptkbp:usedBy gptkb:government_agency
corporations
nonprofit organizations
gptkbp:bfsParent gptkb:ERM
gptkbp:bfsLayer 6