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Enterprise Risk Management: Imperative for Enhancing Business Performance
Week 1
Design Research
4 videos, 1 reading
Video: The Interaction Design Specialization
20 m
Video: Introducing Elizabeth Gerber
40 m
Video: Who, What, Where, When and How People Work
35 m
Video: Michael Chapman of IDEO on Interviewing
20 m
Reading: Slides
30 m
Graded: Final Quiz: Design Research
5 Questions
Week 2
Ideation
2 videos
Video: The Interaction Design Specialization
20 m
Video: Introducing Elizabeth Gerber
40 m
Graded: Cumulative Quiz
4 Questions
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Enterprise Risk Management: Imperative for Enhancing Business Performance

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Enterprise Risk Management: Imperative for Enhancing Business Performance

About this course

COURSE OVERVIEW

Effective risk management supports the achievement of organization’s overall objective and plays a vital role in ensuring that an entity is well governed. Historically, risk management was managed in silos and as a separate activity without proper integration and embedding across the organization’s operations; this approach is no longer sustainable in the 21st century of increased VUCA (Volatility, Uncertainty, Complexity and Ambiguity). Events over the years have established that the lack of a proactive risk management program can have a serious knock-on effect on organization’s sustainability. This has therefore necessitated the adoption of an enterprise-wide risk management approach which considers an integrated and cross-functional method to managing organization’s risk.

This course provides a robust insight to the subject of ERM from the perspective of ISO 31000, COSO ERM Framework and other leading practice. It explores key features of each standard/framework to provide participants with improved knowledge and practical skills to adopt key elements of these standards in implementing a comprehensive framework for organizations.
Source – COSO ERM 2018

Our team of astute and certified risk professionals provide a learning center for professionals in Enterprise Risk Management and Governance. Participants will learn through our blended learning approach, including presentations, case studies and insight from real-world on the benefits of adopting leading practice standards.

VALUE OF ERM

  • Improved control environment, better communications and decision-making, and a common language for risks.
  • Competitive advantage by enabling effective running of organizations and improve efficiencies
  • Reduces unacceptable variability in business performance
  • Supports further integration of various risk specialist areas within an organization
  • Enhance corporate governance and company reputation
  • Aligns strategy and corporate culture to achieve business goals

WHO SHOULD ATTEND?

  • Governance practitioners
  • Chief Risk Officers
  • Other Risk Management practitioners
  • Compliance officers
  • Money Laundering Reporting Officers
  • Chief Audit Executives
  • Internal Auditors
  • Internal Control Officers
  • Chief Finance Officers

LEARNING OBJECTIVES

At the end of this class, you should be able to do the following:

  • Develop skills to design & implement an integrated, comprehensive & robust ERM framework and strategy
  • Integrate and align key elements of various risk standards and models (ISO 31000, COSO ERM Framework, Combined Assurance Model) to organization’s ERM strategy
  • Develop skills to conduct a risk analysis by developing a risk profile and using a risk matrix methodology
  • Identify risks (and impacts) to achieving a set of objectives and expected results
  • Develop capabilities to test the effectiveness of ERM Framework and strategy as fit-for-purpose or not.
  • Understand the various approach to risk management through risk identification, risk analysis, risk assessment and mitigation.
  • Understand the link between risk management and business decision making.