When these are in place, the development of the implementation plan begins. It further portrays the
point that; it is not a stand-alone process; the implementation of ERM strategically implies that, if
effective, it helps ensure that with the understanding of the complete array of risks an entity faces,
and thus it can best achieve, with reasonable assurance, its strategic, operations, reporting and
compliance objectives.
When these are in place, the development of the implementation plan begins. It further portrays thepoint that; it is not a stand-alone process; the implementation of ERM strategically implies that, if effective, it helps ensure that with the understanding of the complete array of risks an entity faces,and thus it can best achieve, with reasonable assurance, its strategic, operations, reporting and compliance objectives.
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