Enterprise Risk Management is a process where organizations review risk or risk silos to better understand how risk impacts the organization, but more importantly the affects of a risk silo and its impacts on another risk silo and those residual impacts. Many organization create scenarios to understand possible implications; for example, “a drop in sales affects on finance and maintaining workforce levels”. Each risk silo in itself has impacts and requires management. ERM would investigate other outcomes as they interact and may present changing dynamics. After reviewing the “Enterprise Risk Management” article — LINK HERE ( https://learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5d01252a127d8/7329389?X-Blackboard-Expiration=1608325200000&X-Blackboard-Signature=ZVybnir144rtLaCCk%2BVZiIMRSqrVTBKeK3FUcxIAfeM%3D&X-Blackboard-Client-Id=157277&response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27Risk%2520Informed%2520Decision%2520Making%2520Week%25201.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20201218T150000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAZH6WM4PL5SJBSTP6%2F20201218%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=37d375c7dcad258b8051f54e07ad631fe420fe3d77fb678e9eab1d78a444f782 , incorporate the following into a paper. An in-depth description of Enterprise Risk Management (you may use additional sources and research) The importance of program sustainability Explain the purpose of taking risk out of siloed functions What is the purpose and value of Risk Registers Explain why organizations have included into the risk management portfolio non-financial activities, such as ethical corporate practices and external social and environmental activities Close the paper by articulating an understanding of the resources committed to ERM practices. Do they benefit to an organization? Why or why not?
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