Enterprise Risk Management (ERM) Service — Enterprise Risk Management

Enterprise Risk Management (ERM), or Enterprise Risk Management, is a system that identifies, assesses, manages, and controls risks that may affect an organization's success. It involves every level of the organization, from the Board of Directors down to operational staff. BCP GURU provides ERM system implementation in accordance with the COSO ERM 2017 framework and ISO 31000:2018, along with the development of ERM Software Solutions for end-to-end risk management.

COSO ERM 2017 Framework

The COSO ERM Framework, "Enterprise Risk Management — Integrating with Strategy and Performance," consists of 5 main Components:

ISO 31000:2018 — Risk Management Standard

ISO 31000 is an international standard for risk management, consisting of 3 elements:

• Principles: Integrated, Structured, Customized, Inclusive, Dynamic, Best Available Information, Human & Cultural Factors, Continual Improvement
• Framework: Leadership, Integration, Design, Implementation, Evaluation, Improvement
• Process: Scope/Context, Risk Assessment (Identification, Analysis, Evaluation), Risk Treatment, Monitoring & Review, Communication & Consultation

⚙️ Risk Types Covered

📍 Risk Management Process

The ERM process recommended by BCP GURU:

🗂️ Tools & Deliverables

• Risk Register — Records all risks together with Likelihood, Impact, Risk Score, and Risk Owner
• Risk Matrix / Heat Map — A diagram showing risk levels
• Key Risk Indicators (KRI) — Early warning indicators
• Risk Dashboard — An overall risk status report
• Risk Appetite Statement — Defines the level of risk the organization is willing to accept
• ERM Policy & Procedure Manual