What is Enterprise-Wide Risk Management (EWRM)?
March 28, 2015Organizations that have embraced Environmental & Risk Management (ERM) have realized a concrete advantage in their risk management competency. A recent study has found that 93% of organizations with formalized ERM programs in place make better risk-informed decisions—a recognized competitive advantage over others that do not have established ERM programs.
Data from the same study verifies that formalized infrastructures in well-managed ERM programs embody the 68 best practices guidelines for efficient and effective risk management programs as presented in the RIMS Risk Maturity Model for ERM.
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