Enterprise Risk Management

Enterprise Risk Management is an attempt to minimize the effects of risk on an organization's capital and earnings. This is especially critical in a business environment that is Volatile, Uncertain, Complex and Ambiguous, VUCA. This introductory course illustrates in very practical terms how companies may navigate through this VUCA environment using Enterprise Risk Management that focusses primarily on key issues such as:

• Risk Oversight
  • Risk Culture
  • Risk Strategy
  • Risk Governance
• Risk Systems
  • Risk Resources
  • Risk Monitoring
• Risk Processes
  • Risk Identification
  • Risk Assessment
  • Risk Management

• Recognize different dimensions of risk associated with ERM
• Identify different aspects that contribute to effective Enterprise Risk Management
• Assess continued relevance of risks appetites and risk strategy
• Conduct business scenario planning based on existing scenarios
• Establish risk related business process and decisions
• Strategize actions to be taken for risks organization and governance issues
• Develop a clear understanding of the organizations risk culture

Overview of Enterprise Risk Management

Provides an overview of how risk management is integrated into business and strategic processes through the adoption of an Enterprise Risk Management Framework.

Enterprise Risk Governance, Risk Strategy and Risk Culture

Introduces key considerations required for Corporate Governance from a Risk Management Perspective that includes continual risk identification, on going monitoring and development of long term viability statement , risk infrastructure management and risk ownership.

Enterprise Risk Infrastructure Management and Business Continuity

How ERM contributes towards the continuity of critical functions in an organization through a well developed risk infrastructure management system as well as identification of risk ownership will be covered in this section.

Scenario Planning

This section is based on Enterprise Risk Management for the case study used. Participants will be shown how to undertake scenario planning to manage risks associated with the case study provided.

• British Petroleum
• TNB
• IRDA
• Dyson
• Mesiniaga
• Gamuda

• Risk Management: Risk-Based Auditing
• Project Risk Management
• Business Continuity Management & Planning
• Business Continuity Management & Sustainability Reporting
• Managing Risk in Facility Management
• More other Business Management Training Courses