Question: Week 5 Discussion: Risk Management Frameworks CO5: Gain knowledge on emerging risk management frameworks along with tools, techniques and approaches Discussion Prompt: Several elements are

Week 5 Discussion: Risk Management Frameworks

CO5: Gain knowledge on emerging risk management frameworks along with tools, techniques and approaches

Discussion Prompt:

Several elements are required of successful ERM systems. Take a look at this video on Enterprise Risk Management, which offers an overview of ERM. Section five details some requirements of successful ERM's. Choose and summarize two of these elements. Could one of these be more important than another?

Ch. 10 offers examples of probabilistic modeling. How does scenario planning at DuPont offer an example of a company becoming outward looking in managing supply chain risk?

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