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This chapter is excerpted from 'Enhanced Enterprise Risk Management'. The performance and survival of a business in a global economy depends on understanding and managing the risks - both external and those embedded within its operations. It is vital to identify and prioritize significant risks and detect the weakest points. Adding other elements to an essential ERM program, such as PESTLE and Porter's Five Forces, treatment plans, scorecards, the three lines of defense (3LoD) components, and process improvements (Six Sigma, 8D, etc) significantly increases the ERM success rate. The authors outline a comprehensive strategy for designing and implementing a robust and successful ERM program - that is not just successful in implementation but also in yielding enormous returns for the organizations that implemented this enhanced ERM program.