... management initiativeshould be proportionate to the level of risk in the organisation (as related to the size, nature andcomplexity of the organisation), aligned with othercorporate activities, ... decided the benchmark test of significance for different classes of risks, it will thenbe possible to identify the appetite or attitude to that type of risk, together with the capacity of the organisation ... instantaneously.Therefore, it is necessary for an organisation to decide the scope of the ERM initiative, as it develops. The scope of the initiative will be defined by the range of benefits the organisation...