Explain the steps taken in the erm process

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Reference no: EM133257305 , Length: 1500 Words

Assignment

The enterprise risk management (ERM) process is "continuous and dynamic," with organizations continually striving to meet new opportunities and challenges (p. 77). Using the Internet Resources provided by your textbook (p. 91), journal articles, and media outlets, find a real-world event that showcases ERM in the healthcare industry.

Use your example to discuss the following questions:

- Explain the steps taken in the ERM process for your event
- What broad categories of risks are considered in the ERM program? How are they evident in your example?
- Why is the ability to forecast losses important for a risk manager, and how is this need demonstrated by the news you found?

Your paper must be a minimum of 1500 words, not including the title page or reference page. A minimum of 4 references must be included: 1 from the course textbook, 1 from the "news" website, and 2 additional of your choosing. Use proper APA 7th edition citations on the reference page and in the text. Please use the APA 7th Essay Template

Reference no: EM133257305

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