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The process of enterprise risk management (ERM) has several phases, including establishing the context of the risk, and the identifcation, analysis, evaluation and treatment of risks. Enterprise risk management (ERM) is the process of identifying and addressing methodically the potential events that represent risks to the achievement of strategic objectives, or to opportunities to gain competitive advantage. Enterprise risk management (ERM) is a constantly evolving field, but remains focused on identifying and minimizing risks that companies face.
