Enterprise Risk Management Training Course

Designed to provide board members with a deeper understanding of the of the best practices of enterprise risk management (erm) from a board perspective. This course aims to provide participants with a deeper understanding of the best practices of enterprise risk management (erm) from a broad perspective. 

The Enterprise Risk Management training course is a highly-customizable Risk Management training workshop for anyone in a Risk Management role (including operations, project management, and strategy).

This course aims to provide participants with a deeper understanding of the best practices of Enterprise Risk Management (ERM) from a broad perspective. Depending on your specific context and requirements, the course is customized to incorporate the latest and most relevant tools, techniques and best practices in ERM.

Our Enterprise Risk Management (ERM) Workshops follow a structured approach, though we regularly customize our approach to suit your business needs & challenges.
The subject matter proposed is based on latest developments in the field of Enterprise Risk Management. Numerous relevant and effective learning tools and case studies are incorporated to enhance the learning experience of all participants involved in the training program.

These tools and techniques include: 

• Applying scenario planning,
• Developing an appropriate risk culture,
• Enhancing opportunities for business continuity
• Intensifying governance and risk compliance

Terminal Objective

• The terminal objective of this program is that the participants will be able to independently identify, analyze and integrate Enterprise Risk Management issues from a board perspective. Essentially they will be able to integrate risk management processes being undertaken in different divisions and units to form an integrated whole from whence board level decisions made be taken at an Enterprise Level.

Key course outcomes

• Recognize different dimensions of risk associated with ERM;
• Identify different elements that have to be analyzed for risk transparency;
• Assess continued relevance of risks appetites and risk strategy;
• Conduct business scenario planning based on existing scenarios;
• Establish risk related business process and decisions; 
• Strategize actions to be taken for risks organization and governance issues;
• Develop a clear understanding of the organizations risk culture.

Topics Covered

• Enterprise Risk Management
• Business Continuity
• Scenario Planning
• Corporate Risk Register Development

Day 1

• Activity
• Introduction and Overview
• Pre Test for Enterprise Risk Management
• Introduction to Enterprise Risk Management
• Risk Interdependence
• Change / Project Risks 
• Operational Risks
• Group based activity – Identification of Change / Operational Risks
• Unforeseen / Unforeseeable Risk
• Enterprise Wide Risk Management System, EWRMS
• EWRMS and Business Continuity
• Enterprise Wide Risk Management system
• Overview of Governance, Risk and Compliance
• Question and answer and wrap up for day 1

Day 2

• Activity
• Recap of previous day’s session
• Risk transparency and Insight based on Risk Statements
• Developing a prioritized risk heat map
• Group based activity – Development of Prioritised Heat Map for Risks identified  
• Risk Assessment Tools & Technique
• Business Scenario Planning Overview
• Scenario Planning Process
• Identify Driving Forces
• Identify Critical Uncertainties
• Develop Plausible Scenarios
• Discussion Implications and Paths
• Group based activity – Scenario Planning for identification of strategic emerging risks based on case study
• Facilitator Feedback
• Assessing Risk Appetites
• Group based activity – Finalization of action plans based on scenario planning undertaken
• Principles for designing a best practice risk organization  
• Question and answer and wrap up for day 2

Who Should Attend?

• Anyone in a Risk Management role (including operations, project management, and strategy)