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Enterprise Risk Management (ERM) is an integrated and strategic approach to managing risks across an entire organization, encompassing all aspects of business operations. It involves identifying, assessing, prioritizing, mitigating, and monitoring risks in a systematic and coordinated manner, with the goal of maximizing opportunities and minimizing losses. ERM considers both internal and external factors that may impact an organization's objectives, reputation, assets, or stakeholders, and aligns risk management activities with business strategy and goals. Operational Risk Management (ORM) is a subset of ERM that focuses on managing risks related to the day-to-day operations of an organization, such as process failures, human errors, or system breakdowns. Overall, ERM provides a comprehensive framework for managing risks in a proactive, holistic, and strategic manner, enabling organizations to achieve their objectives and create value while minimizing adverse impacts.