contestada

ERM in Practice at the University of California Health System Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization. What do you think is the difference between traditional risk management and enterprise risk management?

Respuesta :

Okegbue

Answer:

Traditional Risk Management is insurable and manages Risk one-by-one, occurs between one business unit and focus solely on Loss prevention, lastly embedded in Disjointed activities.

Enterprise Risk Management is not necessarily covered by insurance but analyze Material risks, focuses on business goals and organization values, lastly embedded in culture and mindset.

Explanation:

Key Differences and Solutions

Enterprise risk management is an extension of traditional risk management, and differs in the following ways. Strategic application. An ERM approach is integrated into an organizations business decisions. ... ERM emphasizes results-based performance measurement throughout the organization.

Otras preguntas