Question: Please answer all questions. Explain 5 differences between traditional risk management and enterprise risk management. Suppose your organization has appointed an external consultant to develop

Please answer all questions.

  1. Explain 5 differences between traditional risk management and enterprise risk management.
  2. Suppose your organization has appointed an external consultant to develop a risk management program in your organization. Give your opinion? (Note: the discussion may cover the pros and cons of appointing such a consultant).
  3. If you were given the responsibility to instill a risk culture in your organization, what would you do?

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