Risk decision making is the third step in the ERM process cycle. The first and most critical decision in this step is the definition of risk appetite, because this facilitates the basic purpose of ERM, which is managing enterprise risk exposure to within risk appetite. SimErgy will facilitate a risk appetite consensus meeting to help you define your organization’s risk appetite.

The remainder of the activities in this step involves integrating ERM information into decision-making processes – both risk mitigation decisions and routine business decision making, including strategic planning; strategic and tactical decisions; and transactions. SimErgy will help you embed ERM into key decision-making processes and develop a single consistent approach for evaluating all decisions.

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