Enterprise-Wide Risk Management(EWRM)

COURSE OVERVIEW

Risk management in most circumstances is handled poorly, but if applied coherently and rigorously, can contribute extensively to performance and competitiveness of operations in an organization. The framework of Enterprise Risk Management in business includes the methods and processes that are used by organizations to respond to uncertainty, manage risks and seize opportunities related to the achievement of their objectives. In doing so, organizations protect and create value for their internal and external stakeholders. In this exciting and highly interactive course, participants will learn risk management tools and techniques with regard to;

LEARNING OUTCOMES

At the end of this Training course, participants should be able to;

  • Appreciate the benefits of proactive risk management
  • Construct an effective enterprise-wide Risk Management Plan
  • Plan a response to risk and take action to mitigate it
  • Implement an Enterprise-Wide Risk Management Framework within their organization
  • Document, report and manage Enterprise risk

COURSE OUTLINE

Module 1

  • Introduction to Risk Management
  • The need for dangers and best practices associated with risk management
  • The common shortfalls and inadequacies in the treatment of risk
  • The concepts, approaches, international standards, methods and techniques for the effective implementation of risk management
  • Practical application of best practices
  • Case studies
  • Participants’ self-evaluation

Module 2

  • Managing Risk to Maximize performance
  • Balancing the inevitability of risk in the pursuit of profit and organizational objectives
  • Evaluating risk management frameworks and practices
  • Building an effective and efficient risk management structure
  • The use of ISO 31000 in designing the framework for managing risk
  • Risk management organizational alignment
  • Evaluating current provision

Module 3

  • The leadership responsibility
  • Developing Enterprise Risk Management (ERM)
  • Guiding organizational deployment
  • Evaluating current provision and developing mechanisms to support application across the organization
  • Championing risk management at all levels of the organization
  • Managing stakeholders
  • Managing change

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