ERM Implementation Phase
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Questions and Answers

Every ______ exists for the purpose of creating value for its stakeholders.

organization

To create value, an ______ sets objectives, develops strategies, and plans for pursuing them, and performs actions.

organization

ERM Program ______ and Continuous Improvement.

Evaluation

Developing ______ Roadmap and Project Plan.

<p>Implementation</p> Signup and view all the answers

Designing Program Performance ______ and Reporting.

<p>Measures</p> Signup and view all the answers

Commitment to ______ Improvement.

<p>Continuous</p> Signup and view all the answers

During implementation, appropriate information should be reported to measure implementation and program ______ and to identify any interim program changes or corrections needed.

<p>success</p> Signup and view all the answers

The ERM team will be validating information from prior phases and putting the ______ model into action or revising the existing operating model.

<p>operating</p> Signup and view all the answers

The ERM team validate results with project ______ and other interested parties to ensure continued support.

<p>sponsors</p> Signup and view all the answers

The recommendations developed in the prior phase (Gap Analysis) should now be organized and aggregated into ______ and/or phases.

<p>initiatives</p> Signup and view all the answers

It can be helpful to consider the relative ______ and benefits of each initiative to draw insights for appropriate sequencing and prioritization.

<p>cost</p> Signup and view all the answers

Initiatives that are relatively low in effort and yet will deliver substantial ______ may be prioritized to gain momentum and support for the program.

<p>benefits</p> Signup and view all the answers

The implementation roadmap is addressed in the next ______.

<p>phase</p> Signup and view all the answers

Documented observations on ______ are suggested outputs from this phase.

<p>gaps</p> Signup and view all the answers

The primary goal of this phase is to plan for and implement the targeted ______ operating model.

<p>ERM</p> Signup and view all the answers

This phase will prioritize aspects of the ______ program as well as plan for and sequence the implementation accordingly.

<p>ERM</p> Signup and view all the answers

The organization will need to consider appropriate ______ management activities to ensure the program’s success.

<p>change</p> Signup and view all the answers

The implementation phase should consider all the concepts and components of an effective ______ program to ensure completeness.

<p>ERM</p> Signup and view all the answers

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