ERM (Enterprise Risk Management) is a strategic approach to identifying, assessing, and mitigating risks that could impact an organization’s objectives. It involves a structured process for managing financial, operational, compliance, strategic, and reputational risks. ERM frameworks, such as COSO ERM and ISO 31000, provide guidelines for organizations to enhance risk awareness and decision-making. Unlike traditional risk management, which focuses on individual risks, ERM integrates risk considerations across departments. Effective ERM helps organizations minimize threats, seize opportunities, and enhance resilience in a dynamic business environment. It is widely adopted in finance, healthcare, IT, and regulatory industries.