ERM helps leaders deal effectively with the current or potential events that create uncertainty and respond in a way that balances the downside of the uncertainties that we want to avoid against the upside.
The big picture outcomes of ERM are: no big mistakes, no big surprises and no big missed opportunities.
The Riskczar says: (1) It is less expensive to manage risk prior to the event than to deal with the crisis after it has occurred, and (2) The goal is not to eliminate risk but to manage the risks that we have.