Discuss the various barriers to the successful implementation of Enterprise Risk
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Discuss the various barriers to the successful implementation of Enterprise Risk
management.
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- What are the external risks a company may face and how does Enterprise Risk Management help in mitigating them?How do you identify internal risks to a business and how do you mitigate it?Discuss THE TWO elements of an Enterprise Risk Management frameworK: I. Internal Environment II. Risk Assessment NB: Answer question I AND II
- Discuss any two of the following elements of an Enterprise Risk Management framework : i. Internal Environment ii. Risk Assessment iii. Information and communicationBefore we can fully document an enterprise risk management plan, complete with a tailored set of risk mitigation measures, we need to first analyze the risks to an organization or business endeavor. Provide one or more examples of risks that may be faced by an organization.Discuss the following elements of an Enterprise Risk Management framework : i. Internal Environment ii. Risk Assessment NB: Answer question i & ii
- explain the following three types of risks in business: 1. Hazard 2. Operational 3.StrategicFor an enterprise, what does it mean to say it is managing its risks? Describe any 2 ways in which an enterprise can manage risk. What are some of the risks for an enterprise in implementing an EA program? How can these risks be mitigated? In your answer, distinguish between the strategic, long-term view and the operational short-term view from the enterprise's perspective.Make a recommendation to senior management on how to improve their current Enterprise Risk Management programme