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The IRM India- Round-up of all our October group events and webinars.

From figuring out how to make a cyber-resilient association and understanding how we can utilize risk the executives to illuminate the environmental change conversation and backing progress, and that's just the beginning. Consistently we have different part occasions across various areas, locales and hazard disciplines. Turn into an IRM part and be one of the first to catch wind of our gathering occasions and considerably more...

Enterprise Risk Management In India - The IRM India

While traditional risk management focused on the analysis of limited areas of risks, Enterprise Risk Management in India  is an integrated and joined-up approach to managing risk across an organization and its extended networks. As per COSO, ERM is a process, affected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives. The IRM defines risk management as a process which aims to help organisations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure.

Risk Identification In Risk Management - The IRM India

The risk identification method involves a strategy for identifying, recognizing, and describing risks that may aid or obstruct the attainment of goals and their many concrete and intangible effects. There are multiple risks faced and exposed by an organisation concerning internal and external factors such as Environmental Risk, Financial Risk, Human Resource Risk, Health & Safety Risk, Operational Risk, Security Risk, Strategic Risk, etc.

What Is Risk Management Process

As a society, we need to take risks to grow and develop. From energy to infrastructure, supply chains to airport security, hospitals to housing, effectively managed risks help societies achieve. In our fast paced world, the risks we have to manage evolve quickly. We need to make sure we manage risks so that we minimise their threats and maximise their potential.

Risk management involves understanding, analysing and addressing risk to make sure organisations achieve their objectives. So it must be proportionate to the complexity and type of organisation involved. Enterprise Risk Management (ERM) is an integrated and joined up approach to managing risk across an organisation and its extended networks.

Enterprise Risk Management

Taking risks is an integral part of entrepreneurship but managing risks across the enterprise is critical for a startup's success. IRM India in collaboration with Invest India has launched a Free Course on ERM for Startups.