Micolism throws light to some of the major issues regards the implementation of ERM. He reports that while most companies believe in the concept of ERM, many are frustrated by the implementation issues which has apparently not made their ERM practice beneficial, as it potentially is.
(COSO) reports that
amongst the most critical management challenges is the determination for how much risk an organisation is willing to take and does accept as it furthers its goal of value creation. They go further to state the limitations of ERM