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The differences between traditional risk management and enterprise risk management are their strategic applications and performance metrics. Enterprise risk management involves the whole organization while traditional risk management is usually more departmentalized.

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Wiki User

9y ago
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Christine Thomas

Lvl 1
1y ago
Traditional risk management “typically only occurs after an incident has already happened and is done to prevent that situation from happening again.”
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Christine Thomas

Lvl 1
1y ago
ERM, conversely, is future-looking, and “attempts to determine potential events and situations that could, or are even likely to, occur.”

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Q: What is the difference between the traditional risk management and enterprise risk management?
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