1)Why should you take a risk?(Enterprise Risk Management).Provide examples
2)How do you know if the ERM framework is working well in your company? What are the mechanisms for your company to measure your ERM framework?

Hello tetangas, this it my professor feedback , He asked me also to develop a model and I also did the survery questions I am attaching everything here if you could please do what he asked for based on his instructions.

This is good start, but needs more planning. Key related points listed below:

1. Don’t develop the tool (survey in this case) before a full model is agreed and benchmarked with published literature. We cannot measure non-specific goals.
2. The model aims to achieve “sustainable & Impactful Nonprofit”, so the arrows show be the other way and the model drawn right-to-left.
3. A summary description (in addition to already submitted report) of each of the construct is required.
4. A list of similar models with references is required. How our model differ? And to what extent?
5. The measurement tools is vague. Remember you plan to use surveys as tools, thus respondents must clearly understand and respond. I suggest you start converting each of these measurements into specific question(s). In this respect, please use labels to clearly assign which question will measure which construct. This is important when data analysis is conducted at a later stage.
6. The naming convention used is inexplicit. As an example, instead of saying ‘Applying Risk Management’ you may say ‘Adoption of Effective RM Practice’.
7. Some of the questions used in your survey are not related to the suggested model. Please consolidate as per point 5 above.
8. Give source of the questions used in the survey. Preferably use published scholarly work.

Another notes he mentioned over the phone regarding the survey more questions related to application of risk mangement ( do you have a risk mangement department, a frame work to apply risk mangement etc) He also said that it shall be 30 questions minimum and it measure sustainability as well as risk please if you can do the work based on the feedback above.