Covid-19, climate change & the 4th industrial revolution highlight a world in transition with severe impacts on our business models and the need to be prepared. Move your organisation from crisis management to “Enterprise-wide risk management” today and be prepared for tomorrow's challenges.
The course and the learning outcome
Enterprise risk management (ERM) in business includes the methods and processes used by organisations to manage external and internal risks and seize opportunities related to the achievement of their objectives.
ERM provides a framework for risk management assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring progress.
By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall.
This 2 day-intensive and highly practical program will give you a thorough grounding in the methodologies behind enterprise-wide risk management. We learn:
- The ERM framework of risk management and developing an appropriate structure
- Understanding enterprise risk as an opportunity or threat
- Overview of risk and types of risk
- How to get started with ERM and how far do you want to go?
- Learn the technique of risk identification techniques and scoring
- Getting buy-in from the very top of the organisation
- The techniques of risk assessment and risk monitoring tools
- What do we mean by financial risk and the different types of risk?
- Managing operational and infrastructure risk
- The risk of strategy and the marketplace
- Managing your reputation and hazard risk
- How to initiate the project, the financing, and monitoring
How organisations respond today, using informed ERM mechanisms and scenario planning, can make a significant impact on continued viability, and can position your company favourably for the economic upturn.
Recommended background
Everyone in management and specifically in the finance world needs a firm understanding of risk. This risk management course is developed with the needs of the practitioners in mind and has been designed to cover fully and explain clearly the theory and practice of risk management.
Course format (Residential and Online)
- Besides the course materials provided on the day, all course resources are available online, including audio and video material from industry experts. A discussion forum is available allowing delegates to exchange ideas, reflect on learned issues, or raise questions in between training dates.
- Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.
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