Consider yourself having a task to assess how ERM could be best applied in two projects; one for a higher education institution in Zambia. The key areas of ERM application include; governance, pricing, risk monitoring and business planning. (i) Identify the various risks faced by the of the above organisations and indicate whether the risks have been; static, increasing or decreasing Risk Faced Organisation Whether Risk is present or Absent ( or X) Future State of Risk (static, increasing or decreasing Reason/Comment 1. 10. [20] (ii) Discuss the best ERM framework (separate for each) and how they may address the above risks and ensure that the objectives are met. [20]