Discussion 2 unit 2.docx - Is there an effective and viable way to manage risk Enterprise risk management(ERM uses a new rule to find out the

Discussion 2 unit 2.docx - Is there an effective and viable...

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Is there an effective and viable way to manage risk? Enterprise risk management (ERM) uses a new rule to find out the organization risk and help them to achieve their goal (Arena, Arnaboldi, & Azzone, 2011). Preparing a risk management plan involves a common process. The risk management plan should detail the organization’s strategy for dealing with risks specific to the business. It's important to allocate some time, budget and resources for preparing a risk management plan and a business impact analysis. This will help organization meet the legal obligations for providing a safe workplace and can reduce the likelihood of an incident negatively impacting on the business. How can you prove it? Risk management framework is really do need for today business. However, it’s important that company take proactive measures to ensure proper security policies are in place and that the tools such as endpoint security software are up-to-date to help minimize risk ( Kaplan, & Mikes, 2012).
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