Enterprise Risk Management - How To Discuss

Enterprise Risk Management

Enterprise risk management involves identifying, analyzing, and managing threats to an organization that are perceived by levels of management. This means that the company's financial, credit, fraud, strategic and operational risks are taken into account. Most business-level questions only marginally consider technology risk and then examine how technology amplifies or mitigates these business risks.

Literal Meanings of Enterprise Risk Management

Risk:

Meanings of Risk:

1. Potentially unwanted event or result.

2. The probability of an adverse outcome from a decision or event.

3. The amount of potential loss from a decision or event.

4. (Formal use in business, technology, etc.) The potential (conditionally negative) impact of an event, determined by combining the probability of the event occurring with the impact, if it were to occur.

5. The business insured by the insurer or certain uncertain events covered by the insurer.

6. Risk (something).

7. You run the risk of injury or danger.

8. Taking risks as a result of (doing something).

Sentences of Risk

1. 2006, Trever Ramsey on BBC News website, Exercise reduces skin cancer risk, see 14 May 2006.

Synonyms of Risk

peril, hazard, danger

Management:

Meanings of Management:

1. The leaders of the organization, especially senior leaders.