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Enterprise Risk Management (ERM) Framework; A Step-by-Step Guide to Identifying, Assessing, and Mitigating Business Risks

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What does the Enterprise Risk Management (ERM) Framework course cover?

Enterprise Risk Management (ERM) Framework is covered here in 15 modules: Introduction to Enterprise Risk Management (ERM): Overview of the ERM process, Risk Identification: Creating a risk register, Defining risk and its types, Risk Assessment: Defining and its importance, Evaluating risk likelihood and impact and 12 more.

How do you approach Enterprise Risk Management (ERM) Framework step by step?

The work is sequenced in 15 stages. It starts with Introduction to Enterprise Risk Management (ERM): Overview of the ERM process, moves through Risk Identification: Creating a risk register, Defining risk and its types and Risk Assessment: Defining and its importance, Evaluating risk likelihood and impact, and ends at ERM Continuous Improvement.

What is in Module 1 of the Enterprise Risk Management (ERM) Framework course?

Module 1 is Introduction to Enterprise Risk Management (ERM): Overview of the ERM process. It works through defining ERM and its importance, understanding the ERM framework, identifying the benefits of ERM and 1 more. It sets the vocabulary the remaining 14 modules build on.

How is the Enterprise Risk Management (ERM) Framework course delivered?

The Enterprise Risk Management (ERM) Framework course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the Enterprise Risk Management (ERM) Framework course cost?

The Enterprise Risk Management (ERM) Framework course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: Enterprise Risk Management (ERM) Fundamentals, Enterprise Risk Management (ERM) Masterclass, Enterprise Risk Management (ERM) Mastery, COSO ERM.

More answers: what you get with every course, refund policy, all help answers.

Enterprise Risk Management (ERM) Framework: A Step-by-Step Guide to Identifying, Assessing, and Mitigating Business Risks



Certificate Upon Completion

Participants receive a certificate upon completion issued by The Art of Service.



Course Overview

This comprehensive course provides a step-by-step guide to identifying, assessing, and mitigating business risks using the Enterprise Risk Management (ERM) framework. The course is designed to be interactive, engaging, and personalized, with real-world applications and hands-on projects.



Course Features

  • Interactive and engaging content
  • Comprehensive and up-to-date curriculum
  • Personalized learning experience
  • Real-world applications and case studies
  • Hands-on projects and activities
  • High-quality content and expert instructors
  • Certificate upon completion
  • Flexible learning schedule
  • User-friendly and mobile-accessible platform
  • Community-driven discussion forum
  • Actionable insights and takeaways
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking


Course Outline

Module 1. Introduction to Enterprise Risk Management (ERM): Overview of the ERM process

  • Defining ERM and its importance
  • Understanding the ERM framework
  • Identifying the benefits of ERM
  • Overview of the ERM process

Module 2. Risk Identification: Creating a risk register, Defining risk and its types

  • Defining risk and its types
  • Identifying risk sources and categories
  • Using risk identification techniques
  • Creating a risk register

Module 3. Risk Assessment: Defining and its importance, Evaluating risk likelihood and impact

  • Defining risk assessment and its importance
  • Using risk assessment techniques
  • Evaluating risk likelihood and impact
  • Prioritizing risks

Module 4. Risk Mitigation: Defining and its importance, Monitoring and reviewing efforts

  • Defining risk mitigation and its importance
  • Identifying risk mitigation strategies
  • Implementing risk mitigation plans
  • Monitoring and reviewing risk mitigation efforts

Module 5. Risk Monitoring and Review: Implementing a plan

  • Defining risk monitoring and review
  • Identifying risk monitoring and review techniques
  • Implementing a risk monitoring and review plan
  • Evaluating the effectiveness of risk mitigation efforts

Module 6. ERM Framework and Standards: Understanding the COSO ERM framework

  • Overview of ERM frameworks and standards
  • Understanding the COSO ERM framework
  • Understanding the ISO 31000 risk management standard
  • Comparing ERM frameworks and standards

Module 7. ERM Implementation and Integration: Implementing ERM in an organization

  • Defining ERM implementation and integration
  • Identifying ERM implementation and integration strategies
  • Implementing ERM in an organization
  • Integrating ERM with other management systems

Module 8. ERM Maturity and Benchmarking: Evaluating ERM maturity, Benchmarking ERM practices

  • Defining ERM maturity and benchmarking
  • Identifying ERM maturity models
  • Evaluating ERM maturity
  • Benchmarking ERM practices

Module 9. ERM Technology and Tools: Evaluating the effectiveness of

  • Defining ERM technology and tools
  • Identifying ERM software and systems
  • Implementing ERM technology and tools
  • Evaluating the effectiveness of ERM technology and tools

Module 10. ERM Case Studies and Best Practices: Real-world ERM case studies, Applying ERM best practices

  • Real-world ERM case studies
  • Identifying ERM best practices
  • Applying ERM best practices
  • Evaluating the effectiveness of ERM best practices

Module 11: ERM Communication and Reporting

  • Defining ERM communication and reporting
  • Identifying ERM communication and reporting strategies
  • Implementing ERM communication and reporting plans
  • Evaluating the effectiveness of ERM communication and reporting

Module 12: ERM Training and Awareness

  • Defining ERM training and awareness
  • Identifying ERM training and awareness strategies
  • Implementing ERM training and awareness plans
  • Evaluating the effectiveness of ERM training and awareness

Module 13: ERM Culture and Governance

  • Defining ERM culture and governance
  • Identifying ERM culture and governance strategies
  • Implementing ERM culture and governance plans
  • Evaluating the effectiveness of ERM culture and governance

Module 14: ERM Audit and Assurance

  • Defining ERM audit and assurance
  • Identifying ERM audit and assurance strategies
  • Implementing ERM audit and assurance plans
  • Evaluating the effectiveness of ERM audit and assurance

Module 15: ERM Continuous Improvement

  • Defining ERM continuous improvement
  • Identifying ERM continuous improvement strategies
  • Implementing ERM continuous improvement plans
  • Evaluating the effectiveness of ERM continuous improvement


Certificate Requirements

To receive a certificate, participants must complete all course modules, pass the final exam, and submit a final project.



Course Format

The course is delivered online, with interactive lessons, videos, and hands-on activities.



Course Duration

The course is self-paced, and participants have lifetime access to the course materials.



Target Audience

The course is designed for risk management professionals, business leaders, and anyone interested in learning about enterprise risk management.

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