Write a paper critically describing Why an organization should Implement an ERM application, What are some key challenges and solutions to Implementing an ERM, What is Important for an effective ERM. Discuss at least one real organization that has been effective with implementing an ERM framework orapplication.

Risk management is one of the most important components in empowering an organization to achieve its
ultimate vision. With proper risk management culture and knowledge, team members will be “speaking” the
same language, and they will leverage common analytical abilities to identify and mitigate potential risks as
well as exploit opportunities in a timely fashion. In order to consolidate efforts, the existence of an
integrated framework is crucial. This is why an ERM is necessary to the fulfillment of any organization’s
goals and objectives.
In your final research project for the course, your task is to write a paper discussing the following
concepts:
Introduction
Why should an organization Implement an ERM application?
What are some key challenges and solutions to Implementing an ERM?
What is Important for an effective ERM?
Discuss at least one real organization that has been effective with implementing an ERM framework or
/application.
Conclusion, final thoughts for future research
Recommendation