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Part Four Risk response - Pg. 199

199 PaRt FOUR Risk response L E a r N I N g O u TCOm E S fO r Pa r T fO u r produce alternative definitions of enterprise risk management (ERM) and identify the key features of an enterprise-wide approach; describe the 10 steps in the implementation of a successful ERM initiative, as set out in more detail in Appendix C; summarize the importance of risk appetite as a planning tool in the implementation of a risk management initiative; describe the relationship between risk appetite, risk exposure and risk capacity and the interface with operations, projects and strategy;