need to introduce new initiatives to manage newer upcoming risks of which the

Need to introduce new initiatives to manage newer

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need to introduce new initiatives to manage newer upcoming risks of which the PM2 Risk Scorecard provides (Samanathi Perera, 2019) . On the other side, the ISO 31000 is somehow easier to implement and as well, it allows for a faster identification of risks and threats but its major drawback is that it does support provisions of new initiatives as the PM2 Risk Scorecard and more so it is not efficient for more complex business operations as in the case of Intuit. Owing to the fact that it does not support usage of programs, it cannot be used in places with diversity of talents and abilities, but in much smaller organizations with limited operational scope. However, every organization looks for a system that can coordinate all its organizational processes of which the ISO 31000 does not. Therefore, for the idea of profit margin maximization, I would choose the PM2 Risk Scorecard framework for Intuit to base if risk management system.
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Running head: ENTERPRISE RISK MANAGEMENT FRAMEWORKS 3 Reference Samanathi Perera, A. (2019). Enterprise Risk Management – International Standards and Frameworks. International Journal Of Scientific And Research Publications (IJSRP) , 9 (7), p9129. doi: 10.29322/ijsrp.9.07.2019.p9130
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