Enterprise Risk Management: A Unified Approach

by Brian J. Dooley

Enterprise risk management (ERM) is founded on the relatively recent understanding that bringing together the many and diverse silos of risk management within an organization will result in a more efficient and cost-effective approach as well as yield additional benefits from natural synergies. A holistic approach to risk management integrated with management processes and auditing frameworks should ensure that necessary processes are in place to handle all potential risk scenarios, including business risk, data loss, compliance, and the legal requirements of personal privacy.

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Enterprise Risk Management: A Unified Approach1 February 2008