Enterprise Risk Managment

1. What is Enterprise Risk Management? What are the key factors that contribute to an effective risk management program?

DQ requirement: Note that the requirement is to post your initial response no later than Wednesday and you must post two additional post during the week by Sunday. I recommend your initial posting to be between 200-to-300 words. The replies to fellow students and to the professor should range between 100-to-150 words. All initial posts must contain a properly formatted in-text citation and scholarly reference.

2.Please review Chapter 5: ERM in Practice at the University of California Health System Case and provide response for following questions.

1. Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances for success, you have been asked to perform an enterprise risk assessment that includes reputational risk. Give three examples of how starting a new venture might have risk events that could lead to repercussions that would negatively impact the organization’s reputation and three examples where it might be enhanced, creating opportunity.

2. Explain how improvement is measured with KPIs and give one example related to Human Capital and how this KPI might help you improve your organization.

3. What do you think is the difference between traditional risk management and enterprise risk management?

You are required to respond to the questions thoroughly, in 250 -to-300 words for each question. Be sure to include at least three reference sources. APA rules for formatting, quoting, paraphrasing, citing, and listing of sources are to be followed.