Subject - Risk Assessment. (SCM) - Enterprise Risk Management (ERM) framework and process model on page 5.4 of the textbook.

Project scenario: You are all recently graduated and have joined a Risk Consultancy firm. Your team has been asked, by the Management of Tim Hortons (Canada), to complete a report on how to go about preparing and implementing an ERM framework and process.

Once you have the approval of your Tim Hortons, you will complete the following;

You are required to document the ERM approach you would suggest to the Management of the selected organization, on how to go about designing the framework specific to their organization.

The four components of the ERM framework model include: Lead and establish accountability

Align and integrate

Allocate resources

Communicate and report

> You are then to apply a typical ERM process, specific to the selected organization, covering the following;

1. Scan environment

2. Identify risks at least one risk from each of the four risk quadrants

3. Analyze risks

4. Treat risks

5. Monitor and assure