Course Overview
What is Enterprise Risk Management Framework? Enterprise Risk Management helps identify and analyse potential issues that could arise during a project or process. Enterprise Risk analysis is used to reduce the impact of a negative event, evaluate whether there are more benefits to a project than risks before initiation, plan the company’s response to emergencies or other adverse events and eliminate risks to the enterprise during a process.
Enterprise Risk analysis is designed to extract, sustain and maintain maximum protection for the preservation and retention of the institution. It allows you to identify the potential benefits and risks of each option, evaluate the likelihood of risks occurring and decide whether to move forward. Once you have identified potential risks, you can determine how to best manage them.
Enterprise Risk analysis can help the organization improve the decision-making process in terms of assessing the impact of strategic risk. The organization can then identify risks that could arise during a project and offer alternatives. This helps develop a comprehensive preventative risk management plan for the enterprise.
This Zoe training course will consequently succinctly equip you with the skills to assimilate concepts and develop a contextual interpretation of how your organization can ensure the compilation of a flexible and adaptable enterprise risk management plan.
Course Objectives
Upon completing this Enterprise Risk Management Certification Course, participants will be able to:
- Learn how to encapsulate Enterprise Risk Management methodology and principles in their respective organizational environments
- It will also encourage insight into the primary risk control measures adopted within generic organizational scenarios
- Discover how to assimilate enterprise risk management prerequisites into the organizational culture with a view to developing a proactive risk-averse culture
- Learn and practice how to consistently and constructively manage enterprise risk to deliver on all your organization’s relevant primary objectives
- Recognise how to spot and avoid common errors when reviewing existing enterprise risk management plans
- Acquire an understanding of the principles, procedure and protocol pertaining to the implementation of Enterprise Risk Management methodology including its potential and impact
- Display knowledge and understanding of the main sources of Enterprise Risk Management methodology and how it is used to streamline organizational efficiency and simultaneously optimize value extraction
- Identify and critically evaluate the main weaknesses of procedure and protocol pertaining to current Enterprise Risk Management methodology in your organization
- Understand the practical impact of applying Enterprise Risk Management principles in your organization
- Understand the roles, functions and responsibilities of various actors, organizations, and institutions in the Enterprise Risk Management genre
Training Methodology
This interactive Enterprise Risk Management Certification Course will comprise the following training methods:
- Presentation
- Assignments
- Case Studies & Functional Exercises
- Questionnaires
Zoe Talent Solutions follows the ‘Do-Review-Learn-Apply’ model.
Organisational Benefits
Companies who nominate their employees to participate in this Enterprise Risk Management Certification Course can benefit in the following ways:
- Benefit from training your employees on the definition and importance of Enterprise Risk Management in as far as it bears applicability to the retention of consistent product value and flexibility in terms of adaptability
- Learn how to integrate enterprise risk management and control principles to facilitate the attainment of your organization’s core purpose, values, mission and vision
- Focus and direct your efforts on quality and product flexibility while simultaneously adopting a pro-active enterprise risk management stance
- Improve productivity by teaching your staff about the critical necessity to always remain risk aware in respect of your organization
- Achieve improved synergy in the organization thus elevating employee morale and increasing productivity
- Critically conduct a gap analysis and performance audit of your organizational capacity in terms of compliance with the expounded principles enunciated supra
Personal Benefits
Individuals who participate in this Enterprise Risk Management Certification Course will learn to implement value-driven delivery strategies and how to integrate enterprise risk perception into an organizational risk management roadmap.
This Enterprise Risk Management Certification Course will benefit you in the following ways:
- Improve your performance through higher efficiency and greater worker productivity by being aware of the implications and extracted sustainable value emanating from compliance with proactive enterprise risk management principles
- Engage in constructive discussions pertaining to the topic thus resulting in improved organizational capacity and overall communication
- Contextualize and assimilate a practical understanding of the impact of the application of enterprise risk management principles in your organization
- Display knowledge and understanding of the main principles pertaining to Enterprise Risk Management
- Identify and critically evaluate the main weaknesses of existing Enterprise Risk Management processes and procedures within your organization
- Get an opportunity to work through hands-on role-plays and case studies in detail to gain the skills needed to effectively utilize Enterprise Risk Management processes and procedures in your organization
Who Should Attend?
This Enterprise Risk Management Certification Course would be best suited for:
- Enterprise Risk Management Professionals – Executive Managers, Change Management staff, Organizational Development staff, Business Process Re-engineering consultants, human resources personnel and public servants who want to deepen their expertise in this specific issue
- All individuals whose responsibilities include the implementation of enterprise risk management plans especially for the improvement of broader organizational strategic objectives
Course Outline
MODULE 1: INTRODUCTION
- History
- Approach
- Principles
- Philosophy
- Values
- Link and Association between Risk Management and Enterprise Risk Management
- Understanding the nexus between Enterprise Risk Management, Risk Management, Project Management, Budgeting & Strategic Planning
MODULE 2: GENERAL ENTERPRISE RISK MANAGEMENT
- Risk Oversight
- Risk Integration
- Enterprise-wide risk perspective
- Influencing
- Potential
- Context
- The intercept between Enterprise Risk Management, Risk Management, Strategic Planning & Budget (Case Study)
MODULE 3: ACTUARIAL APPROACH TO ENTERPRISE RISK MANAGEMENT
- Actuarial Enterprise Risk Assessment
- Statistical Enterprise Risk Assessment
- Enterprise Risk Predictability
- Scenario Planning
- Actuarial Enterprise Risk Assessment Focus
- Actuarial enterprise risk assessment instruments
- Enterprise Risk Projection & Planning
MODULE 4: PRINCIPLES OF ENTERPRISE RISK MANAGEMENT
- Identification of Enterprise Risk
- Enterprise Risk Control
- Enterprise Risk Financing
- Enterprise Risk Claims Management
- Enterprise Risk Contingency Planning
- Enterprise Risk Evaluation
MODULE 5: ANALYSIS OF ENTERPRISE RISK
- Definition of Enterprise Risk Uncertainty Levels
- Uncertainty Enterprise Risk Impact Assessment
- Exploring Partnerships
- Enterprise Risk Analysis Modeling
- Enterprise Risk Results Analysis
- Market measurement and management
- Operational and integrated enterprise risk management
- Case Study: Contextualizing and adapting Enterprise Risk Management: A systemic approach
MODULE 6: CONTROL OF ENTERPRISE RISK
- Potential loss enterprise risk reduction
- Proactive enterprise risk control
- Enterprise Risk Reduction
- Enterprise Risk Elimination
- Enterprise Hazard substitution
- Enterprise Hazard isolation
- Case Study: Enterprise Risk Hazard Matrix Compilation (An Integrated Approach)
MODULE 7: RISK MANAGEMENT PRACTICE
- Enterprise Systemic Risk
- Enterprise Strategic Risk
- Financial Risk
- Operational Risk
- Case Study Construction: Enterprise Risk Mapping Reality
- Enterprise Risk Assessment Review
- Monitoring and Evaluation: Enterprise Contingency Planning
