Enterprise Risk Management is a comprehensive approach to risk management that engages people, processes, and systems across an organization to improve the quality of decision making for managing risks that may hinder an organization’s ability to achieve its objectives. This involves identifying mission dependencies on enterprise capabilities, identifying and prioritizing risks due to defined threats, implementing countermeasures to provide both a static risk posture and an effective dynamic response to active threats; and assessing enterprise performance against threats and adjusts countermeasures as necessary.
Source: DHS Risk Lexicon, CNSSI 4009
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