COSO ERM Framework

The Enterprise Risk Management – Integrated Framework published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in 2004 and updated in 2017. This framework defines enterprise risk management as a process applied in strategy setting and across the enterprise, designed to identify potential events and manage risk within risk appetite. The COSO ERM Framework is a significant influence on RBPM, particularly in its emphasis on risk appetite and the integration of risk management with strategy setting.