This book delves into the integration of enterprise risk management, governance, risk, and compliance, providing practical guidance for more effective risk management in businesses. It innovates by positioning itself at the intersection of engineering and services. It begins with traditional operational ERM and progresses towards strategic business management, integrating corporate governance and Governance, Risk, and Compliance (GRC) frameworks. It emphasizes the growing importance of decision-making, highlighting the significant impact of decisions on outcomes. This approach undeniably reinforces the need for tailored planning strategies for the medium and long term. This book is essential reading for professionals and scholars looking to deepen their understanding of ERM and GRC. It provides valuable insights and practical tools for bridging the gap between operations and strategy.