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Risk is characterized as the likelihood that an occasion will happen that unfavorably influences the accomplishment of a goal. Vulnerability, in this manner, is a critical part of hazard. Frameworks like the Committee of Sponsoring Organizations of the Treadway Commission Enterprise Risk Management (COSO ERM), can help supervisors in moderating gamble factors. Each organization might have different interior control parts, which prompts various results. For instance, the structure for ERM parts incorporates Internal Environment, Objective Setting, Event Identification, Risk Assessment, Risk Response, Control Activities, Information and Communication, and Monitoring.