The ERM Process entails:

1. Adoption/Implementation

2. Risk Identification

3. Risk Analysis

4. Selection and Implementation of Risk Treatment Measures

5. Monitor the Program and Take Corrective Actions

You are the new Risk Manager for Monsters, Inc. Imagine you have completed a tour of the facility on your first day in the office. You notice a violation during your first day. Write an ERM strategy to Mr. Waternoose which will address the violation you encountered.

Rubric:

2 points for the inclusion of every ERM process and how it relates to the violation you saw (10 points)

5 points to make a suggestion as to how Monsters, Inc. can avoid this risk in the future.