Enterprise Risk Management (ERM) Fundamentals: How to Identify, Assess, and Mitigate Risks
Course Overview In this comprehensive course, you will learn the fundamentals of Enterprise Risk Management (ERM) and how to identify, assess, and mitigate risks in your organization. This course is designed to provide you with a thorough understanding of ERM principles, frameworks, and best practices, as well as practical skills to apply in your daily work.
Course Objectives - Understand the concept of Enterprise Risk Management (ERM) and its importance in organizational success
- Identify and assess risks using various tools and techniques
- Develop effective risk mitigation strategies and plans
- Implement ERM frameworks and standards in your organization
- Monitor and review risk management processes and procedures
Course Outline Module 1: Introduction to Enterprise Risk Management (ERM)
- Defining ERM and its importance in organizational success
- Understanding ERM frameworks and standards (e.g. COSO, ISO 31000)
- Identifying ERM roles and responsibilities
- Developing an ERM strategy and plan
Module 2: Risk Identification and Assessment
- Understanding risk types (e.g. strategic, operational, financial, compliance)
- Identifying risk sources (e.g. internal, external, environmental)
- Using risk assessment tools and techniques (e.g. SWOT analysis, decision trees, sensitivity analysis)
- Developing a risk register and risk matrix
Module 3: Risk Mitigation and Control
- Developing effective risk mitigation strategies and plans
- Implementing risk controls and countermeasures
- Monitoring and reviewing risk mitigation plans
- Developing a business continuity plan and disaster recovery plan
Module 4: ERM Frameworks and Standards
- Understanding COSO ERM framework
- Understanding ISO 31000 risk management standard
- Implementing ERM frameworks and standards in your organization
- Developing a risk management policy and procedures
Module 5: Risk Monitoring and Review
- Monitoring and reviewing risk management processes and procedures
- Developing a risk reporting and communication plan
- Conducting regular risk assessments and reviews
- Updating the risk register and risk matrix
Module 6: ERM Implementation and Integration
- Implementing ERM in your organization
- Integrating ERM with other management systems (e.g. quality, safety, environment)
- Developing an ERM training and awareness program
- Developing an ERM audit and compliance program
Module 7: ERM Maturity and Benchmarking
- Assessing ERM maturity in your organization
- Benchmarking ERM best practices
- Developing an ERM maturity roadmap
- Implementing ERM improvements and enhancements
Module 8: ERM Case Studies and Applications
- Real-world ERM case studies and applications
- Industry-specific ERM examples and best practices
- Developing an ERM business case and ROI analysis
- Implementing ERM in different organizational contexts
Course Features - Interactive and engaging: Our course is designed to be interactive and engaging, with a mix of lectures, discussions, case studies, and hands-on exercises.
- Comprehensive and up-to-date: Our course covers all aspects of ERM, including the latest frameworks, standards, and best practices.
- Personalized and flexible: Our course is designed to accommodate different learning styles and needs, with flexible pacing and personalized support.
- Practical and real-world applications: Our course focuses on practical and real-world applications, with case studies and examples from different industries and contexts.
- High-quality content and expert instructors: Our course features high-quality content and expert instructors with extensive experience in ERM.
- Certification and recognition: Participants receive a certificate upon completion, issued by The Art of Service.
- Lifetime access and support: Participants have lifetime access to the course materials and support.
- Gamification and progress tracking: Our course features gamification and progress tracking, to keep participants engaged and motivated.
- Community-driven and interactive: Our course is community-driven and interactive, with opportunities to connect with other participants and instructors.
- Actionable insights and hands-on projects: Our course provides actionable insights and hands-on projects, to help participants apply ERM principles and practices in their daily work.
- Bite-sized lessons and mobile-accessible: Our course features bite-sized lessons and is mobile-accessible, to accommodate different learning styles and needs.
,
- Understand the concept of Enterprise Risk Management (ERM) and its importance in organizational success
- Identify and assess risks using various tools and techniques
- Develop effective risk mitigation strategies and plans
- Implement ERM frameworks and standards in your organization
- Monitor and review risk management processes and procedures
Course Outline Module 1: Introduction to Enterprise Risk Management (ERM)
- Defining ERM and its importance in organizational success
- Understanding ERM frameworks and standards (e.g. COSO, ISO 31000)
- Identifying ERM roles and responsibilities
- Developing an ERM strategy and plan
Module 2: Risk Identification and Assessment
- Understanding risk types (e.g. strategic, operational, financial, compliance)
- Identifying risk sources (e.g. internal, external, environmental)
- Using risk assessment tools and techniques (e.g. SWOT analysis, decision trees, sensitivity analysis)
- Developing a risk register and risk matrix
Module 3: Risk Mitigation and Control
- Developing effective risk mitigation strategies and plans
- Implementing risk controls and countermeasures
- Monitoring and reviewing risk mitigation plans
- Developing a business continuity plan and disaster recovery plan
Module 4: ERM Frameworks and Standards
- Understanding COSO ERM framework
- Understanding ISO 31000 risk management standard
- Implementing ERM frameworks and standards in your organization
- Developing a risk management policy and procedures
Module 5: Risk Monitoring and Review
- Monitoring and reviewing risk management processes and procedures
- Developing a risk reporting and communication plan
- Conducting regular risk assessments and reviews
- Updating the risk register and risk matrix
Module 6: ERM Implementation and Integration
- Implementing ERM in your organization
- Integrating ERM with other management systems (e.g. quality, safety, environment)
- Developing an ERM training and awareness program
- Developing an ERM audit and compliance program
Module 7: ERM Maturity and Benchmarking
- Assessing ERM maturity in your organization
- Benchmarking ERM best practices
- Developing an ERM maturity roadmap
- Implementing ERM improvements and enhancements
Module 8: ERM Case Studies and Applications
- Real-world ERM case studies and applications
- Industry-specific ERM examples and best practices
- Developing an ERM business case and ROI analysis
- Implementing ERM in different organizational contexts
Course Features - Interactive and engaging: Our course is designed to be interactive and engaging, with a mix of lectures, discussions, case studies, and hands-on exercises.
- Comprehensive and up-to-date: Our course covers all aspects of ERM, including the latest frameworks, standards, and best practices.
- Personalized and flexible: Our course is designed to accommodate different learning styles and needs, with flexible pacing and personalized support.
- Practical and real-world applications: Our course focuses on practical and real-world applications, with case studies and examples from different industries and contexts.
- High-quality content and expert instructors: Our course features high-quality content and expert instructors with extensive experience in ERM.
- Certification and recognition: Participants receive a certificate upon completion, issued by The Art of Service.
- Lifetime access and support: Participants have lifetime access to the course materials and support.
- Gamification and progress tracking: Our course features gamification and progress tracking, to keep participants engaged and motivated.
- Community-driven and interactive: Our course is community-driven and interactive, with opportunities to connect with other participants and instructors.
- Actionable insights and hands-on projects: Our course provides actionable insights and hands-on projects, to help participants apply ERM principles and practices in their daily work.
- Bite-sized lessons and mobile-accessible: Our course features bite-sized lessons and is mobile-accessible, to accommodate different learning styles and needs.
,
- Interactive and engaging: Our course is designed to be interactive and engaging, with a mix of lectures, discussions, case studies, and hands-on exercises.
- Comprehensive and up-to-date: Our course covers all aspects of ERM, including the latest frameworks, standards, and best practices.
- Personalized and flexible: Our course is designed to accommodate different learning styles and needs, with flexible pacing and personalized support.
- Practical and real-world applications: Our course focuses on practical and real-world applications, with case studies and examples from different industries and contexts.
- High-quality content and expert instructors: Our course features high-quality content and expert instructors with extensive experience in ERM.
- Certification and recognition: Participants receive a certificate upon completion, issued by The Art of Service.
- Lifetime access and support: Participants have lifetime access to the course materials and support.
- Gamification and progress tracking: Our course features gamification and progress tracking, to keep participants engaged and motivated.
- Community-driven and interactive: Our course is community-driven and interactive, with opportunities to connect with other participants and instructors.
- Actionable insights and hands-on projects: Our course provides actionable insights and hands-on projects, to help participants apply ERM principles and practices in their daily work.
- Bite-sized lessons and mobile-accessible: Our course features bite-sized lessons and is mobile-accessible, to accommodate different learning styles and needs.