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Risk Management

Practical Connection Assignment : Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment

Course Name: Enterprise Risk Management

Provide a 500 word (or 2 pages double spaced) minimum reflection.

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Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited. Share a personal connection that identifies specific knowledge and theories from this course.

Demonstrate a connection to your current work environment.

You should NOT, provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.

****This is a Practical Connection Assignment

So far the Topics covered in this course:

Week 1 Topic: Risk Management and Enterprise Risk Management

Summary: We had an informative introduction over risk management and enterprise risk management practices. We also had the opportunity to review the literature in the risk management body of knowledge.

Week 2 Topic: Risk Management and Enterprise Risk Management

Summary: We had an informative introduction over risk management practices. We also had the opportunity to discuss the value provided by the ERM program and development of enterprise risk management.

Week 3 Topic: Integrating ERM with Strategy

Summary: In week 3 discussed about how to improve the performance of risk management strategies. In addition, we will also discuss enterprise risk management strategy.

Week 4 Topic: Integrating ERM with Strategy

Summary: In this week’s chapters, we will study the different compliance and governance models and how they are used in a risk management program.

By reading the Integration of ERM with Strategy Case, it supports the premise that increasing complexity due to industry changes, globalization, and shifts in technology and business cycles can produce more strategic risks than ever. Linking ERM to a company’s strategic planning can help ensure that strategic initiatives are connected to risk-mitigation strategies and that changes are met with thorough analysis to help a firm sustain its competitive advantage.

Week 5 Topic: Risk Management Frameworks

Summary: In this week’s chapters, we will study and discuss organization’s relationship between information security and ISO 27001

Week 6 Topic: Risk Management Frameworks

Summary: We had several activities that supported our learning about frameworks used to manage risk within organizations and enterprises. Information systems are susceptible to cyber-crime and this can range from minor security breaches to breaches that can lead to huge financial losses for an individual or a company.

Week 7 Topic: Risk Management Frameworks and Assessment

Summary: The activities this week will help us to know about the risk factors associated with using cloud based technology, which include:

In the article, The Cloud is Rising to the Cybersecurity Challenge, Kalev Leetaru states that a common cause of data breaches relative to the cloud occur because of “misconfigured access restrictions on storage resources

This is is practical connection assignment the paper should strongly demonstrates the practical application, or ability to apply, of course objectives within a work environment.

consider me working as a cloud Engineer at a major telecommunication client .

This assignment is subject to plagiarism check. so please make sure to abide by the requirements


Answer preview

The skills, knowledge, and concepts of enterprise risk management are applied in all industries, including healthcare and manufacturing. It is because the principles of enterprise risk management (ERM) allows an organization to evaluate and mitigate risks facing the entire organization. For example, a company that deals with supply chain management may identify potential risks in both production and distribution departments. Since these risks are equally important, ERM helps the company to address all the risks under the same framework. For example, a company can prioritize risks to identify the ones to address first in order to promote overall risk mitigation. Currently, my work environment involves cloud engineering practices. Based on the ERM course objectives, the skills and knowledge gained in this course can apply in my work environment.(568words)