Effective implementation of ERM requires a robust discussion of the potential impact of not mitigating risks and the likelihood that the risk will impact the organization.

Question

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Effective implementation of ERM involves having a comprehensive understanding of the risks facing the organization and their potential impact. This involves a robust discussion of the consequences of not mitigating risks and the likelihood that they will occur. Taking these factors into consideration is crucial to developing a proactive risk management strategy that can help protect the organization from potential harm.

Effective Implementation of ERM Requires a Robust Discussion of the Potential