Identify the strategic importance of each of the five steps in risk scorecard process diagram.

Question 1: Identify the strategic importance of each of the five steps in risk scorecard process diagram.

Please provide an in-depth post.

Question 2: For this written assignment, answer the questions below in a typed document. outside sources cite them using APA format.

  1. What other strategic processes are closely tied to ERM?
  2. What three kinds of risks are identified within the City of Edmonton?
  3. What two criteria must be balanced in a successful ERM model?
  4. Who is responsible for dealing with and mitigating risks?
  5. To what body must the City’s strategic risks be reported?

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