The Complete Enterprise Risk Management ERM Master Class

Risk Management is no longer a secondary concern for businesses. For years, a common misconception relegated risk management to a supporting role, with organizations prioritizing revenue-generating functions like sales, logistics, marketing, and finance. However, the last two decades have witnessed a dramatic shift. Numerous high-profile company failures, even bankruptcies, have underscored the critical importance of robust enterprise risk management (ERM). These cascading risks and crises have irrevocably changed perspectives on risk preparedness.

Consider the case of Kodak, a former industry giant that dominated photography with its film products. The rise of digital cameras presented a significant risk to Kodak's business model. Unfortunately, Kodak failed to adequately address this evolving threat due to a lack of effective risk management practices. The result? Kodak no longer exists in its original form.

You're likely reviewing this course because you understand the vital role of risk management in safeguarding your company's future. Congratulations! You're taking a proactive step towards protecting your assets and operations.

This comprehensive course will guide you through the entire enterprise risk management (ERM) cycle, step-by-step.

Topics Covered:

• Understanding Risk:
  • Nature and Causes of Risk
  • Different Types of Risk
  • Defining Risk Appetite & Attitudes
  • The Importance & Effectiveness of ERM
• Frameworks & Standards:
  • ISO 31000
  • COSO Framework
• ERM Implementation:
  • Setting the Context of ERM
  • Risk Identification / Event Identification
  • Risk Assessment, Mapping, Analysis & Evaluation
  • Risk Treatment, Actions & Strategies
• Communication & Monitoring:
  • Risk Communication and Reporting
  • Monitoring, Reviewing & Documenting ERM
• Supporting Elements:
  • Role of Insurance Companies in ERM
  • ERM Information Systems & Software
  • Credit Rating Agencies
• Real-Life ERM Examples

We're excited to embark on this journey with you and help you build a resilient and secure organization!