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:
1. Recommendations
Recommend risk assessment and management tools that are appropriate for the organization’s background and its risk assessment and management
goals.
2. 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?
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