what is the purpose of enterprise risk management
The risk management processâof identifying, analyzing, evaluating, and ultimately responding to and. monitoring riskâis at the heart of enterprise risk management (ERM). Extending this process across an. entire organization, looking at both âupsideâ and âdownsideâ risk, and considering risk in the context of. strategy is what differentiates âERMâ from âtraditionalâ risk management. This Guide to Risk Assessment & Response deals with the first steps 1 through 5 of the risk.