What does the Enterprise Risk Management (ERM) Fundamentals course cover?
Enterprise Risk Management (ERM) Fundamentals is covered here in 8 modules: Introduction to Enterprise Risk Management (ERM): Developing an ERM strategy and plan, Risk Identification and Assessment: Developing a risk register and risk matrix, Risk Mitigation and Control: Implementing risk controls and countermeasures and 5 more.
How do you approach Enterprise Risk Management (ERM) Fundamentals step by step?
The work is sequenced in 8 stages. It starts with Introduction to Enterprise Risk Management (ERM): Developing an ERM strategy and plan, moves through Risk Identification and Assessment: Developing a risk register and risk matrix and Risk Mitigation and Control: Implementing risk controls and countermeasures, and ends at ERM Case Studies and Applications: Developing an ERM business case and ROI analysis.
What is in Module 1 of the Enterprise Risk Management (ERM) Fundamentals course?
Module 1 is Introduction to Enterprise Risk Management (ERM): Developing an ERM strategy and plan. It works through defining ERM and its importance in organizational success, Understanding ERM frameworks and standards (e.g. COSO, ISO 31000), identifying ERM roles and responsibilities and 1 more. It sets the vocabulary the remaining 7 modules build on.
How is the Enterprise Risk Management (ERM) Fundamentals course delivered?
The Enterprise Risk Management (ERM) Fundamentals 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) Fundamentals course cost?
The Enterprise Risk Management (ERM) Fundamentals 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.
More answers: what you get with every course, refund policy, all help answers.
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): Developing an ERM strategy and plan
- 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: Developing a risk register and risk matrix
- 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: Implementing risk controls and countermeasures
- 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 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: Updating the risk register and risk matrix
- 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
- 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: Benchmarking ERM best practices
- 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: Developing an ERM business case and ROI analysis
- 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.