Enterprise Risk Management (ERM) is a discipline that consolidates risk management throughout an organisation. It should be considered as a key component of organisational strategy, as it reduces the likelihood of potential catastrophic failures and increases the likelihood of organisational success.
BPIR Categories11.1.5 Manage financial risk
11.6.4 Manage physical risk
2.5.4 Identify and manage risks
2.5.5 Ensure business continuity