In your assignment paper, identify which question you are answering by copying the relevant question into your paper. You are free to respond in any format you like – Use text, illustrations, charts or tables if they suit your reply. Keep your total assignment to no more than 6 pages of content, not including title page and a reference page, if you use one.
1. Enterprise Risk Management (ERM) is presented as a method to achieve objectives more effectively versus the traditional risk approach. ERM Standards/Frameworks > COSO II:2017 and ISO 31000:2018 are two of the most widely used standards around the world. Choose one framework you will work with throughout the course and apply it to the case study.
a. Explain how using that framework would help ART to improve their innovation approach and business practices.
b. Demonstrate how your explanation applies by choosing one example from the case study.