Reference no: EM132396991
Address the following questions:
What other strategic processes are closely tied to ERM?
Performance measurement and budgeting are closely tied to ERM.
What three kinds of risks are identified within the City of Edmonton?
The City has strategic, project, and operating risks.
What two criteria must be balanced in a successful ERM model?
An ERM model should be simple enough to understand while being complex enough to add value.
Who is responsible for dealing with and mitigating risks?
The risk owner is responsible.
To what body must the City's strategic risks be reported?
Risks are reported to the City Council, through the Audit Committee.
Major Homework Requirements
The homework assignments are not opinion compositions, or a book, chapter, or article review. These assignments are positional arguments that are entirely supported by empirical evidence and well-known industry facts. You can include your personal experiences and ideas if it directly relates to the topic, or reinforces your position. However, you must support all statements with evidence. All submissions must adhere to APA guidelines. APA writing is an academic standard; therefore, it is not optional, it is mandatory.