Enterprise Risk Management Course

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 with 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 duration

5 days

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 organisation’s appetite and tolerance for risk
• Investigate the 13 indicators that assesses the resilience of an organisation
• 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 organisation immediately on returning

Who should attend?

Extensive prior knowledge of the subject is not a prerequisite. You will be guided by an experienced risk professional who has both sat on and advised boards on corporate resilience, so enhancing their Enterprise Risk Management and associated systems.

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 behaviour 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 organisation
• Risk attitude: pursue, retain or avoid with respect to 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 in accordance with ISO 22301 & 27031
• Business Impact Analysis (BIA) and Risk Assessment
• To understand the relationship between BCMS and the 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 modelling & 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 own 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 learnt”

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. 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 organization requirement. For further inquiries, please contact us on: Email: [email protected] Tel: +254 721 331 808

Training Venue

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and 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 Upskill certificate upon completion of this course.