Question

What other strategic processes are closely tied to erm? What three kinds of risks are identified within the city of edmonton? What two criteria must be balanced in a successful erm model? Who is responsible for dealing with and mitigating risks? To what body must the citys strategic risks be reported?

Answer 1

Explanation:

The two criteria are model power and user-friendliness. The powerful model can provide large amount of information and lets the organization to compare the results and risks, effectiveness’ of current program and impact of future initiatives. The user friendliness program helps to easily add information, add new features and easy to understand by the user with simple steps. The user friendliness also includes if needed some unnecessary steps could also be removed without losing model robustness