Overview: Many enterprise risk management (ERM) tools are available, but not all of them are appropriate for every organization. Research and find three ERM tools. Describe the ERM tools that theoretically best support the Company XYZ’s programs, policies, and strategies, and explain why you ultimately chose the ones you recommended.
Prompt: What supporting evidence or documentation exists to describe these ERM capabilities and organizational support? You are to evaluate each ERM for its suitability for Company XYZ and compare and contrast each against the others based on the strengths and weaknesses of each.
Evaluate each ERM for its suitability according to the following critical elements:
- Recommendations
Recommend risk assessment and management tools that are appropriate for the organization’s background and its risk assessment and management goals. - Defending Recommendations
Many ERM tools are available, but not all are appropriate for every organization. Describe the ERM tools that best support the organization’s programs, policies, and strategies, and explain why you ultimately chose the ones you recommended. What supporting evidence or documentation exists to describe these ERM capabilities and organizational support?
SAMPLE SOLUTION
WE WRITE PAPERS FOR STUDENTS
Tell us about your assignment and we will find the best writer for your project.
Write My Essay For MeEnterprise Risk Management
Enterprise risk management (ERM) defines the process used to identify and methodically address potential events which represent the risks to the attainment of strategic objectives. It also defines the opportunities towards gaining a competitive advantage. There are many tools used for enterprise risk management as will be discussed for the case of XYZ company.
Recommendations
XYZ company is described as an industry leader both in the property as well as casualty insurance policies. Since the organization’s goal is to have a clear and operational…
Order Original and Plagiarism-free Papers Written from Scratch:
