Enterprise Risk Management (ERM) is a strategic approach to identifying and managing risks that may impact an organization's goals and objectives. This involves a systematic process of identifying, assessing, and prioritizing risks, and developing strategies to mitigate or manage them. ERM takes a holistic view of risks, considering both internal and external factors that may affect the organization's operations and performance. It also involves engaging stakeholders throughout the organization to ensure that risks are understood and managed effectively. ERM can help organizations to anticipate and respond to risks in a proactive manner, and to make informed decisions that balance risk and reward. If you want to explain more about ERM, you can use this template.