The title of this study is “Success Factors for Implementing Enterprise Risk Management” by David Bowling and Lawrence Rieger. Enterprise risk management (ERM) has become a topic of increasing interest over the years. Continuing regulatory scrutiny and COSO releasing a new framework is driving this discussion. The general area of study for this research is ERM implementation, more specifically, implementing COSO’s framework. Companies are starting to realize the benefits of having a framework in place and the value it brings to their organization. The specific purpose of this article is to dissect the components of COSO’s ERM Framework. The author’s then describe how to take that framework and implement it into business practice, while discussing some of the challenges that may be encountered. The author’s take a minute to quickly review the COSO Framework and explain the importance of corporate governance. Companies must establish their risk appetite before implementation. Implementation takes time but is a key component of the corporate governance framework. Corporate governance addresses the needs of all stakeholders which ensures the sustainability of the company in the long term. A qualitative method was used in this study. Three of the challenges encountered during implementation were lack of support from upper management, insufficient resources and the stamina/focus to last throughout the process. Some of the success factors are a focus on strategy and business objectives, a broad consideration about the risks that face the organization, and the realization that ERM implementation is a journey spanning over a few years. The data analysis supported the author’s purpose. The results were evaluated and interpreted clearly for the reader. ERM implementation has many benefits that outweigh the cost, design, and time of implementation. Some of