Enterprise Risk Management (ERM)


The purpose of this module is to provide an overview of the Enterprise Risk Management (ERM) framework and process and the approaches for embedding ERM in your organisation and developing a strong risk culture.

Enrolling on a Risktec course ensures that your learning is relevant to industry and the situations encountered in the real professional world.

The course is delivered by Risktec’s practising ERM consultants and aims to develop the practical skills of delegates as well as their knowledge and understanding.

At the end of the course you will be able to

  1. Understand what ERM means in the context of a business
  2. Apply the steps of the ERM process
  3. Assess the framework requirements for implementing ERM in the organisation
  4. Define the risk culture and decision-making attributes required to manage risk within your business.

Outline content

Business drivers for ERM:
  • Major risk events and cost of risk
  • Social responsibility
ERM principles, framework, process and limitations

Risk identification and analysis
  • Risk taking
  • Establishing the context
  • Risk identification and analysis techniques
  • Black swans or organisational blindness?
Risk evaluation and treatment
  • Risk appetite/criteria
  • Mental traps in risk-based decision-making
  • Attitudes to risk
  • Strategies for reducing risk
Risk monitoring and review
  • Key risk indicators
Risk communication and consultation

Risk culture
  • Risk culture maturity
  • Mindful leaders
Implementing the ERM framework
  • Policy and responsibilities
  • Risk architecture
  • Getting started

Study options

In-house customised training can be provided upon request.  Enquire for further details.

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