In a centralized enterprise risk management structure, the advantages are that risks can be identified and managed more effectively because there is one central point of control. The disadvantages are that this type of structure can be inflexible and slow to respond to changes in the business environment. In a decentralized enterprise risk management structure, the advantages are that each business unit has more flexibility to manage its own risks. The disadvantages are that it can be more difficult to identify and manage risks across the organization as a whole. 1 View less Explanation Solved by verified expert A centralized enterprise risk management (ERM) structure has the advantage of allowing for more effective identification and management of risks because there is one central point of control. By consolidating risk information from across the organization into a single database or platform, ERM teams can more easily identify patterns and trends, as well as potential areas of exposure. In addition, centralizing risk management can help to ensure that all stakeholders have access to the same information and that everyone is working from the same playbook. The main disadvantage of a centralized ERM structure is that it can be inflexible and slow to