Participants will receive a Certificate of Completion in Enterprise-Wide Risk Management Frameworks and Best Practices, validating their mastery of ERM principles, tools, and implementation strategies aligned with global best practices.
Enterprise-Wide Risk Management Frameworks and Best Practices
Building Resilient Organizations through Integrated Risk Thinking
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
As risks become increasingly complex and interrelated, organizations require a structured and comprehensive Enterprise Risk Management (ERM) approach. This course equips professionals with globally recognized frameworks, practical tools, and strategic perspectives to implement and sustain an integrated risk management culture across all levels of an enterprise.
Course Objectives
By the end of this course, participants will be able to:
- Understand the components of an effective ERM framework
- Apply international standards such as COSO ERM and ISO 31000
- Integrate risk thinking into strategic and operational decision-making
- Assess and prioritize key enterprise-wide risks
- Foster risk-aware culture and accountability
Key Benefits of Attending
- Align risk management with corporate objectives and performance
- Improve strategic resilience and response to emerging risks
- Break silos and improve cross-functional risk integration
- Strengthen compliance, reputation, and stakeholder trust
- Learn from real-world ERM implementation case studies
Intended Audience
This program is designed for:
- Chief Risk Officers, Risk Managers, and Analysts
- Internal Auditors and Compliance Professionals
- Strategy, Finance, and Governance Executives
- Department Heads and Operational Leaders
- Professionals responsible for implementing or improving ERM
Individual Benefits
Key competencies that will be developed include:
- Risk assessment and mitigation planning
- Risk appetite setting and monitoring
- Strategic alignment of risk frameworks
- Enhanced decision-making with risk-informed data
- Development of key risk indicators and dashboards
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Strengthened enterprise risk culture and governance
- Clearer risk ownership and accountability structures
- More effective communication of risk to stakeholders
- Robust frameworks for identifying and managing enterprise risks
- Compliance with international ERM best practices and standards
Instructional Methdology
The course incorporates:
- Interactive Presentations – Delivered by ERM practitioners
- Workshops – Building a tailored ERM framework
- Group Exercises – Scenario-based risk mapping and analysis
- Case Studies – Success and failure stories across industries
- Action Planning – Developing steps for implementation or enhancement
Course Outline
DETAILED 5-DAY COURSE OUTLINE (Customizable)
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Modules | Breaks: 09:30 & 11:15 | Lunch: 01:00 – 02:00
Day 1: Foundations of ERM
- Module 1: Evolution of Risk Management (07:30 – 09:30)
- From traditional to enterprise-wide risk management
- Drivers of ERM: regulations, strategy, and stakeholders
- Global risk trends and interconnected threats
- Module 2: COSO ERM Framework Overview (09:45 – 11:15)
- The 5 components and 20 principles of COSO ERM
- Comparison with ISO 31000
- Governance, culture, and risk in strategy-setting
- Module 3: Risk Governance and Roles (11:30 – 01:00)
- Defining the roles of board, management, and internal audit
- Integrating ERM into corporate governance
- Building risk-aware accountability structures
Day 2: Risk Identification and Assessment
- Module 4: Risk Taxonomy and Classification (07:30 – 09:30)
- Types of risks: strategic, operational, compliance, financial
- Creating a common risk language
- Linkage to organizational structure and strategy
- Module 5: Risk Assessment Methodologies (09:45 – 11:15)
- Qualitative and quantitative assessment techniques
- Heat maps, risk matrices, and scoring models
- Risk prioritization and impact analysis
- Module 6: Risk Appetite and Tolerance (11:30 – 01:00)
- Developing and communicating risk appetite statements
- Aligning risk appetite with decision-making
- Monitoring and reporting against risk tolerances
Day 3: Risk Response and Integration
- Module 7: Risk Response Strategies (07:30 – 09:30)
- Avoid, reduce, share, or accept
- Control frameworks and mitigation techniques
- Embedding response into workflows and policies
- Module 8: Integrating ERM with Strategy & Performance (09:45 – 11:15)
- Risk-adjusted decision-making
- Strategic planning and capital allocation
- KPIs, KRIs, and risk-based performance indicators
- Module 9: Risk Reporting and Communication (11:30 – 01:00)
- Risk dashboards and visualization tools
- Internal and external communication strategies
- Reporting to board and regulators
Day 4: Embedding and Sustaining ERM
- Module 10: ERM Technology and Tools (07:30 – 09:30)
- Risk data systems and automation
- GRC platforms and ERM software
- Integrating ERM with enterprise architecture
- Module 11: Building Risk Culture (09:45 – 11:15)
- Leadership and tone at the top
- Training, incentives, and behavioral change
- Measuring and improving risk culture
- Module 12: Auditing and Monitoring ERM (11:30 – 01:00)
- ERM maturity assessments
- Internal audit role in ERM evaluation
- Continuous improvement approaches
Day 5: Implementation and Review
- Module 13: ERM Implementation Roadmap (07:30 – 09:30)
- Step-by-step guide to rolling out ERM
- Phased implementation and change management
- Stakeholder buy-in and leadership support
- Module 14: ERM in Action – Case Studies (09:45 – 11:15)
- Global ERM success stories and lessons learned
- Risk management failures and recovery examples
- Adapting frameworks to different sectors
- Module 15: Final Workshop – Building Your ERM Blueprint (11:30 – 01:00)
- Group exercise to design an enterprise ERM plan
- Presentations and peer feedback
- Final Q&A and wrap-up