Top 3 Actions Before Putting Together a Risk Management Plan for NFPs

Enterprise Risk Management (ERM) is one of those generic terms like cybersecurity that is all encompassing. ERM is a process to identify all possible risks that could impact your organization and determine how these risks will be managed to protect the organization, based on the determined risk tolerance. Risk management covers all types of risks. Common discussions include insurance, investments, overreliance on a revenue source or funder, adding a new program, and reputation to name a few. Now we add