Answered You can buy a ready-made answer or pick a professional tutor to order an original one.
Assignment 1: ERM RoadmapThe following material may be useful for the completion of this assignment. You may refer to the documents titled "Embracing Enterprise Risk Management: Practical Approaches f
Assignment 1: ERM Roadmap
The following material may be useful for the completion of this assignment. You may refer to the documents titled "Embracing Enterprise Risk Management: Practical Approaches for Getting Started" and "Developing Key Risk Indicators to Strengthen Enterprise Risk Management", located at http://www.coso.org/-ERM.htm.
Imagine you are an Information Technology Manager employed by a business that needs you to develop a plan for an effective Enterprise Risk Management (ERM) program. In the past, ERM has not been a priority for the organization. Failed corporate security audits, data breaches, and recent news stories have convinced the Board of Directors that they must address these weaknesses. As a result, the CEO has tasked you to create a brief overview of ERM and provide recommendations for establishing an effective ERM program that will be used as a basis to address this area moving forward.
Write a three to four (3-4) page paper in which you:
1- Abstract
2- Summarize the COSO Risk Management Framework and COSO's ERM process.
3- Recommend to management the approach that they need to take to implement an effective ERM program. Include the issues and organizational impact they might encounter if they do not implement an effective ERM program.
4- Analyze the methods for establishing key risk indicators (KRIs).
5- Suggest the approach that the organization needs to take in order to link the KRIs with the organization's strategic initiatives.
6- Conclusion
7- Use at least three (3) quality resources in this assignment (in addition to and that support the documents from the COSO Website referenced in this assignment). Note: Wikipedia and similar Websites do not qualify as quality resources.
- @
- 165 orders completed
- ANSWER
-
Tutor has posted answer for $40.00. See answer's preview
***** **************************** ** *** ****************** *** roadmap ** a ******** ******* **** ******* *** ********* members on how ** manage *** ********** **** *** *** ******* ******** ***** ***** *** three **** *** is expanded ** *** ********* ** business **** *** ********* Members ******* *** important ***** *** *** ********** ** Key **** ********** ***** organization *********** *** *** **** *** *** ********** ** ********** **** lies ** ********** ********** measures *** ******** the ********** risksCOSO **** Management ********* *** COSO’s ERM ProcessAn *** ** a ******* that ******* ** ************ ** handle *** risk ******* ** ** ********* * **** ********** ******* ******** in an environment that **** ** *********** *** remedial ******* that **** ** ** ***** *** is defined ** Committee ** Sponsoring ************* ** the ******** Commission ****** ** a ******* ******** and ************ **** *** ********** **** *** ******** *** ******* *** its ********* ********* ** **** ** **** **** ***** ** *** 1980s with *** ********* of ********** and exploring *** causes of deceitful ********* ********* ** * ** ****** ********* **** is **** ** approximately ** * ** *** ************* that are ******** ** ****** **** *** ******* *** ** three dimensional ****** COSO Risk ********** Framework ****** ********** through *** ****** of comprehensive ********** *** ********* ********* *** fraud ********* internal ******* and ********** risk ************** ******** *** ******* ** * ********* **** is ******* accepted ** ** **** ** ************ **** with criticism ******** *** Process ****** *** as * model **** is ********** in ***** environments ** ******* ** *** *** objectives ******* ** **** categories that include *** ********** ********* operations and ********* **** ***** ********** the ********** **** ********** ******* *** ******** entity and division units ** a third ********* matrix ******* ***** the ********* can ** *************** ** ********* *** ProgramIn *** ******** the *** ******* will require *** *** ** *** ********* *** ******* suitably **** by *** organizations ** supervise the ***** ** well ** seize ******* **** *** related ** the success ** *** **** ********** ********* ** note *** ******* ** ********* ERM program ****** **** the ************ proof ** ****** ** regard ** the *********** ************* *********** an *********** *** process ******* ********* *** ********** of danger *** ********* of the ****** *** * verification ** *** ******** ******** ********** ** **** **** important *** ** ** preceded by verification In addition *** ******* *** *** ************* *** to ** ********* ** ** **** ** determine the ***** *** their ************ ******* clients workers ********** and ******** ****** **** ******* process ** ******** ** ** the ********** *** further involve examining *** ******* *********** At **** ***** the ******* *** *********** *** ******** Knowing *** ****** and *** ****** is important ** *********** *** ************* ** The ******** ***** ******* ************* *** distinguishing *** **** *** danger so ** ** ** able ** ******* **** ******** ***** R ***** *** ******** ** **** employed in ****** ** the ****** **** *** organization is faced **** Each ** the ********* is ***** *** ********* later ** *** ************** ************** for Establishing ****** the ********** ** ******* *** **** *********** ***** in the processes ** *** **** ********** ** * ****** **** *** applied ** monitoring and improving the **** as well ** making ** **** *** ********* ****** is a ******** ****** ** ************ *** **** ********** *** ****** would ****** determining *** ********** of the ******* ******************** *********** *** ****** ** *** control and *** ***************** – *** *** **** ** *********** *** ** **** should ******* warning ** ****************** *** ** is ** great ************ ** **** **** **** *** ********************** *** *** KRIs should be tracked **** * duration ** time *** ****************** *** The **** ****** ** ****************** ** Link KRIs **** Organization’s ********* InitiativesThe aims ** *** **** ******* happenings in ** organization ******** successful *********** ** the **** *********** ********** *** *** ** ***** *** ********** of * **** ** a risk ******** ** very essential ******** ** *** ****** markers ** *** ******* ******** ** link *** ************ ********* *********** ************ the **** **** ** the ones **** **** enable *** ************ ******* ********** *** ******* **** ******** and ****************** roadmap is such ** ********* tool ** ************** ** * ******* *** ******* It ** **** a ******** step ** ************ ***** *** ********** **** ********** **** ** industry *** ******* ********* *** ********** and *** ******** ** *** ******* ** be **** is *** ****** ** ********* the ********************* (2014) Strengthening ********** **** Management ********* **** coso: ***************************************************************************************** R ****** *** ***** ** ENTERPRISE RISK ********** *** ******* of **** *** Insurance 78(4) ******* ********* **** ***************************************************** A ****** ****** ** *** ********** ** ********** Risk Management ******** ********** ******** **** **** Retrieved **** ***********************************************************
