Question: Which one of the following best describes why the enterprise risk management (ERM) process is applied to project management? Select one: Group of answer choices The project will be determined by using the ERM five step processes which are easily understood by an organization. The ERM process helps define the parameters of the project. These parameters are then placed in a matrix to determine the actual steps that must be achieved. The project may alter the overall risk profile of the organization. This must be communicated to the stakeholders in a timely manner The ERM process is used to describe potential pitfalls for the organization. This is used prior to developing the actual scope of the project.