Litchfield Park, Arizona. Litchfield Park is a city in Maricopa County, Arizona, United States. It is twenty miles northwest of Phoenix. According to the 2010 census, the population of the city is 5,476. Contents.
Risk management is an important part of planning for businesses. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact on the business. Risk management is a process for identifying, assessing, and prioritizing risks of different kinds.
Learn what should be included in an effective ERM program for your growing company. What is an Enterprise Risk Management (ERM) Program? Enterprise risk at its basic level is the amount of uncertainty a company takes on as it facilitates shareholder growth. Enterprise risk management (ERM) is the process of planning, organising, leading, and controlling the activities of an organisation to minimize the effects of risk on capital and earnings. A program helps to coordinate those processes and activities.