Enterprise Risk Management

Introduction

Have you and your Risk colleagues settled into a temporary state of normal during the pandemic, possibly conformed to risk assessment changes, even revised crisis management and mitigation plans, and accepted new forms of communications while working from home?

Based on current pandemic observations, this revamped version of the popular training course will anticipate what the ‘next normal’ will mean for you and your future Risk Management strategies. The Complete Course in Enterprise Risk Management (ERM) training course will demonstrate how to improve your current core knowledge and skills to become a successful “future-ready” Enterprise Risk Manager.

Course Objectives

By the end of the course, participants will be able to:

Determine and master the concepts, approaches, standards, methods, and techniques for the effective implementation of ERM

Develop the necessary leadership skills enabling you to communicate your findings to all levels and all stakeholders

Determine your organization’s appetite and tolerance for risk

Investigate the 13 indicators that assess the resilience of an organization

Understand how ERM relates to crisis management, business continuity, and business resilience

Apply your invaluable and highly relevant ERM knowledge to put into practice and benefit you and your organization immediately upon returning

Course Content

Module One: Principles of Risk and Enterprise Risk Management

• Objectives & Governance, concepts & definitions
• Mapping and assessing Your current governance arrangements
• Commitment – Setting Your objectives for implementing the latest guidance
• Who are the internal and external stakeholders?
• The importance of culture, communication, and behavior in seeking an effective ERM structure
• An overview of the global post-pandemic business environment
• Enterprise Risk Management – The Resilient Organisation

Module Two: ISO 31004 – Designing the Framework for Managing ERM

• ERM framework and process
• ERM responsibilities – who does what, who is on the team
• ERM accountabilities and performance measures
• Compare Your current ERM to ISO31000:2009 principles
• Alignment between ERM policy and the organization
• Risk attitude: pursue, retain, or avoid concerning risk appetite and tolerance
• Options for risk criteria, assessment, identification, analysis and evaluation

Module Three – Business Continuity Management Systems (BCMS)

• Fundamental principles of Business Continuity Management
• Implementation of a BCMS by ISO 22301 & 27031
• Business Impact Analysis (BIA) and Risk Assessment
• To understand the relationship between BCMS and compliance with the other ERM requirements, including supply chain strategies
• Writing a business case and a project plan for the implementation of a BCMS
• Incident and emergency response management (including mutual aid)

Module Four – Implementing Effective Enterprise Risk Management

• Resources and methodologies to implement The Plan
• Ensuring ERM becomes part of significant decision-making
• What are the likely barriers to implementation (risk culture)?
• Risk Reporting & the Limitations of various risk Reporting Tools & methodologies
• Assess the merits of quantitative risk modeling & qualitative reporting
• Align your risk reporting processes with other strategically important management activities, such as reputation management

Module Five – Monitoring, Review, and Continuous Improvement of the Framework

• Key risk indicators (KRI´s)
• Continuous improvements, running your team-based risk workshops
• Collate risk and control information from multiple sources into a central risk register or inventory of risk information system
• Controls register or inventory of controls (The “Five Ws”)
• Understand feedback provided to you by those you communicate with and take on board “lessons learned”

Training Approach

This course will be delivered by our skilled trainers with vast knowledge and experience as expert professionals. The course is taught in English and through a mix of theory, practical activities, group discussion, and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organizational requirements. For further inquiries, please get in touch with us on: Email: info@advantaedgedev.com Tel: +254 713 072 883

Training Venue

The training will be held at our Advantaedge Training Centre. We also offer training for a group at requested locations worldwide. The course fee covers tuition, training materials, two break refreshments, and a buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with an Advantaedge certificate upon completion of this course.

Airport Pickup & Accommodation

Airport pickup and accommodation are arranged upon request. For booking contact our Training Coordinator through Email: info@advantaedgedev.com Tel: +254 713 072 883

Terms of Payment

Unless otherwise agreed between the two parties payment of the course fee should be done 3 working days before commencement of the training to enable us to prepare better