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 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 completion of this training 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

DURATION

10 Days

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 CONTENT

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