Enterprise Risk Management

Zoos and aquariums face all kinds of uncertainty these days. Dealing with that uncertainty, in relation to mission and objectives, is the goal of Enterprise Risk Management (ERM). The process and tools utilized by ERM take a broader approach to managing risk, one that will help prioritize key risks, allocate resources more effectively, and make better decisions. In short, it helps you make sure that you are "paying attention to the right stuff." When fully implemented, ERM increases everyone's awareness and understanding of how to manage risk—and allows organizations to take risks, too, when appropriate. Enterprise Risk Management 1 provides an overview of the key concepts, outcomes, and benefits of the process, and includes an example of how and why San Diego Zoo Global is implementing ERM in support of its mission.

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