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Does this ERM approach look suitable for all sizes of organisations?

Assignment title: 7022- Developing risk management strategies

Johnson & Johnson case study exercise

Evaluation of a risk management model

Johnson & Johnson use the Enterprise Risk Management framework (ERM) – you will find more detail about this and other models in the CMI Pathways workbook for Unit 7022.

Evaluation questions:

  1. Does this ERM approach look suitable for all sizes of organisations?
  2. This is only a summary document, but would you say this looks like a complex or simple process? (It might be helpful to think in terms of expertise needed, costs, time needed)
  3. Would this framework be useful in your organisation?
  4. Which types of risk would you include for your business in the accountability table on page 9?
  5. What would be the easiest component of ERM to implement in your organisation? Why?
  6. What would be the most difficult component of ERM to implement in your organisation? Why?

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