CO5: Gain knowledge on emerging risk management frameworks along with tools, techniques and approaches
Several elements are required of successful ERM systems. Take a look at this video on Enterprise Risk Management, which offers an overview of ERM.Section five details some requirements of successful ERMs. Choose and summarize two of these elements. Could one of these be more important than another?
Ch. 10 offers examples of probabilistic modeling. How does scenario planning at DuPont offer an example of a company becoming outward looking in managing supply chain risk?
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