Course Overview
This programme provides a comprehensive introduction to Enterprise Risk Management (ERM) and its role in supporting strategic decision-making in today’s complex and dynamic business environment. It is designed to equip participants with the knowledge and practical tools needed to identify, assess, manage, and monitor risks across all levels of an organization.
Participants will gain insights into globally recognised ERM frameworks such as COSO and ISO 31000, and learn how these frameworks can be applied to enhance governance, improve operational efficiency, and strengthen organizational resilience. The programme also explores key risk categories, including strategic, financial, operational, and compliance risks, with real-world case studies and industry examples.
Through interactive discussions and practical exercises, participants will develop the ability to integrate risk management into business planning, align risk appetite with organizational objectives, and foster a risk-aware culture. By the end of the programme, participants will be better prepared to support informed decision-making and contribute to sustainable business performance in an increasingly uncertain environment.
Course Objectives
Upon completion of this programme, participants will be able to:
- Understand the fundamentals of Enterprise Risk Management (ERM), including its purpose, principles, and importance in achieving organizational objectives.
- Explain and apply key ERM frameworks, such as COSO and ISO 31000, within a business context.
- Identify and classify various types of risks, including strategic, operational, financial, and compliance risks faced by modern organizations.
- Assess and evaluate risks using appropriate tools and techniques, including qualitative and quantitative risk analysis methods.
- Develop and implement risk mitigation strategies to minimize potential impacts and enhance organizational resilience.
- Enhance risk monitoring and reporting practices, including the use of key risk indicators (KRIs) and risk dashboards.
Learning Outcomes
At the end of the training, participants will be able to:
- Describe the concept and significance of Enterprise Risk Management (ERM) in supporting organizational strategy and performance.
- Interpret and apply recognised ERM frameworks, including COSO and ISO 31000, in real-world organizational settings.
- Identify, analyse, and prioritise risks across key areas such as strategic, operational, financial, and compliance functions.
- Apply appropriate risk assessment tools and techniques to evaluate likelihood, impact, and risk exposure.
- Formulate effective risk response strategies, including risk avoidance, mitigation, transfer, and acceptance.
- Demonstrate the ability to monitor and report risks effectively, using tools such as risk registers and key risk indicators (KRIs).
Target Audience
This programme is designed for:
- Senior and Middle Management seeking to integrate Enterprise Risk Management (ERM) into strategic planning and organizational governance.
- Risk Management, Compliance, and Internal Audit Professionals who are responsible for identifying, assessing, and monitoring risks within the organization.
- Finance and Accounting Professionals aiming to enhance their understanding of financial and enterprise-wide risks.
- Project Managers and Operations Managers are involved in managing uncertainties, resources, and operational processes.
- Business Owners and Entrepreneurs who wish to strengthen risk awareness and improve business resilience.
Duration & Training Hours
- Duration: 2 Days
- Total Training Hours: 14 Hours
- Day 1: 7 hours
- Day 2: 7 hours
Training Methodology
The training methodology includes:
- Interactive Lectures and Conceptual Briefings
Facilitator-led sessions to introduce key ERM concepts, principles, and frameworks such as COSO and ISO 31000. - Case Studies and Real-World Applications
Analysis of industry case studies to illustrate how organizations identify, assess, and manage risks in practice. - Group Discussions and Experience Sharing
Participants engage in discussions to share insights, challenges, and best practices from their respective industries. - Hands-on Exercises and Workshops
Practical activities such as risk identification, risk assessment, and development of risk registers and mitigation plans. - Assessment and Feedback
Continuous feedback through quizzes, group presentations, and facilitator evaluations to reinforce learning outcomes.
Course Content
Day 1: Foundations of ERM (7 Hours)
Focus: Understanding core concepts and basic tools of Enterprise Risk Management (ERM)
i Introduction to ERM
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ii ERM Frameworks Overview
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iii Types of Risks
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iv Risk Identification
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v Risk Assessment
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vi Risk Response
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| vii Practical ExerciseDevelop a simple risk register |
Outcome: Participants understand ERM basics and can identify and assess risks.
Day 2: Applying ERM in Organizations (7 Hours)
Focus: Applying ERM in real business situations
i ERM and Decision-Making
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ii Risk Monitoring and Reporting
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iii Risk Governance
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iv Business Continuity
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v Building Risk Culture
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vi ERM Implementation (Simple Steps)
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vii Group Workshop
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