Business > Project Management
24 h
£22.99 £12.99
Enterprise Risk Management Masterclass: From Fundamentals to ISO 31000
What you will learn:
- Identify and assess potential risks to the organization.
- Develop strategies to mitigate or manage identified risks.
- Monitor and report on risk management activities.
- Understand the role of governance and compliance in risk management.
- Use the risk management process in your ongoing decision-making processes.
- Gain the know-how to establish a framework for managing risk in your company.
- Understand the role of culture in risk management.
- Understand the role of technology in risk management.
- The different types of risks that organizations face, including but not limited to financial, operational, strategic, compliance, and reputational risks.
- The use of risk management frameworks, such as ISO 31000 or COSO, and how to apply them to an organization.
- Techniques for assessing and measuring risks, including quantitative and qualitative methods.
- The use of risk management tools and techniques, such as risk mapping, scenario planning, and risk financing.
- The role of risk management in strategic planning and decision-making.
- The role of internal controls and audit in risk management.
Description
Master the art of Enterprise Risk Management (ERM) with this comprehensive online course.
This course is your guide to mastering the principles, frameworks, and practical techniques of ERM. Whether you're a beginner or seasoned professional, you'll gain a deep understanding of risk identification, assessment, mitigation, and the role of governance in safeguarding your organization's success.
Dive into essential ERM frameworks like ISO 31000, COSO, and COBIT, learning how to implement them effectively. You'll explore various risk types, including financial, operational, strategic, compliance, and reputational risks, and learn how to identify and manage them through practical methods like risk mapping and scenario planning.
This course will equip you with the knowledge and skills to confidently make informed decisions, minimize potential losses, and drive your organization towards its goals. By understanding the latest standards and tools, you'll be prepared for rewarding careers in risk management, becoming a valuable asset to any organization.
Why Choose This Course?
- Expert Guidance: Learn from industry experts who provide practical insights and real-world examples.
- Interactive Learning: Engage with engaging lectures, practical exercises, and real-world case studies.
- Industry-Recognized Frameworks: Master ISO 31000, COSO, and COBIT, the leading ERM frameworks.
- Udemy Certification: Earn a certificate upon completion to showcase your ERM expertise.
- Flexible Learning: Learn at your own pace and schedule, with lifetime access to course content.
- 30-day Money-Back Guarantee: Enjoy peace of mind with our satisfaction guarantee. If you're not happy, simply request a refund.
Join our comprehensive course and become an ERM expert today!
Curriculum
Course Overview
This introductory section sets the stage for your ERM journey. You'll receive a warm welcome, learn how to connect with fellow students in our vibrant community, and discover valuable tips to maximize your learning experience throughout the course.
1- What is Risk?
This section delves into the core concept of risk, laying a strong foundation for your understanding. You'll explore the definition of risk, the relationship between uncertainty and risk, and the distinctions between key terms like hazard, peril, harm, issue, and risk. You'll also gain insights into healthcare risk and the 7 Pillars of clinical governance, enhancing your awareness of specific risk contexts.
2- What is Risk Management?
This section delves into the fundamental principles and practices of risk management. You'll explore the definition, process, applications, tenets, and importance of risk management. You'll also gain awareness of the signs of poor risk management, providing you with the tools to identify and address potential issues within organizations.
3- Enterprise Risk Management (ERM)
This section introduces you to Enterprise Risk Management (ERM), a comprehensive approach to managing risks across an entire organization. You'll explore different ERM approaches, including traditional and contemporary methods. You'll gain a deep understanding of ERM concepts, categories, frameworks, advantages, disadvantages, implementation guides, and challenges, equipping you with a solid understanding of ERM principles and practices.
4- ERM Roles and Responsibilities
This section provides a clear overview of the roles and responsibilities of key individuals involved in ERM. You'll learn about the responsibilities of the Board of Directors, Audit Committee, CEO, CRO, Chief Audit Officer, ERM Advisory Committee, ERM Risk Manager, Risk Auditor, Department Heads, and individual employees, providing you with insights into how ERM is structured within organizations.
5- EMR framework Types
This section explores various popular ERM frameworks, providing you with a comparative understanding of their strengths and applications. You'll learn about the Casualty Actuarial Society ERM, the COSO ERM Integrated Framework, ISO 31000 ERM Framework, COBIT ERM Framework, NIST ERM Framework, RIMS Risk Maturity Model, and Deloitte Legal ERM Framework, equipping you with a toolbox of ERM frameworks to choose from.
6- Custom ERM Frameworks
This section delves into the creation and implementation of custom ERM frameworks tailored to specific organizations. You'll explore the considerations, processes, and steps involved in building a custom framework, providing you with the knowledge to tailor ERM solutions to unique organizational needs.
7- How to Implement Enterprise Risk Management
This section provides a step-by-step guide on implementing ERM within an organization. You'll learn how to develop an ERM foundation, engage stakeholders, identify and assess risks, implement risk treatments, and optimize risk management processes, equipping you with a practical roadmap for ERM implementation.
8- ERM Framework Elements
This section explores the key elements of ERM frameworks, providing you with a detailed understanding of each component. You'll learn about risk appetite, risk appetite statements, risk tolerance, risk attitude, residual risk, risk reporting dashboards, risk capacity, risk target, risk limit, risk level, risk criteria, risk evaluation, risk prioritization, risk response, risk data analytics, portfolio risk management, risk management plan, risk maturity, risk perception, risk magnitude, risk significance, risk modeling, and risk governance, providing you with a comprehensive understanding of ERM framework components.
9- Integrated Risk Management
This section examines the concept of integrated risk management, a holistic approach that seamlessly integrates risk management into all aspects of an organization. You'll explore the attributes, benefits, steps, and challenges of integrated risk management, providing you with insights into how to create a truly integrated approach to risk management.
10- ISO 31000 -2018 RISK Management
This section dives deep into the ISO 31000 -2018 standard for risk management, providing you with a thorough understanding of its principles and framework. You'll explore the ISO 31000 principles of leadership and commitment, integration, design, implementation, evaluation, and improvement, equipping you with the knowledge to effectively implement ISO 31000 in your organization.
11- ISO Scope, context and criteria
This section explores the scope, context, and criteria defined in ISO 31000. You'll learn how to establish organizational context, analyze internal and external factors, utilize various tools and frameworks like SWOT, PESTEL, MOST, Porter's Five Forces, SCRS, VPEC-T, Heptalysis, De Bono's Six Thinking Hat, CATWOE, Five Whys, and MoSCow to identify and assess risks within a specific organizational context.
12- ISO Communication and Consultation
This section emphasizes the importance of effective communication and consultation in risk management. You'll learn about different forms of risk communication, how to create a communication plan, obtain organizational support, perform a situation analysis, define objectives and goals, understand key audiences, form communication teams, plan and design messages, select communication channels, create action plans, set timelines for publishing, and monitor and evaluate results, ensuring effective communication of risk information.
13- Risk Assessment
This section delves into the process of risk assessment, providing you with a comprehensive understanding of its approaches, types, selection criteria, and relationship to other documents like Method Statements and RAMS. You'll also gain insights into Job Safety Analysis, a crucial aspect of risk assessment in various industries.
14- Risk identification
This section focuses on risk identification, a critical step in the risk management process. You'll explore risk identification criteria, the risk identification life cycle, risk categorization, and common barriers and mistakes to avoid during the identification process, equipping you with the skills to effectively identify and categorize potential risks.
15- Risk Assessment and Identification Techniques
This section introduces a range of techniques used for risk identification and assessment. You'll learn about risk interviews, brainstorming, document reviews, assumption analysis, Delphi Technique, Synectics, Nominal Group Technique, Affinity diagrams, and Monte Carlo Simulation, expanding your toolkit for effective risk identification and assessment.
16- Risk Analysis
This section explores the process of risk analysis, providing you with a comprehensive understanding of its benefits, principles, limitations, and types. You'll learn about qualitative, semi-quantitative, and quantitative risk analysis methods, equipping you with the knowledge to choose the most appropriate approach for different risk situations.
17- Risk Analysis Scales
This section focuses on various scales used in risk analysis, providing you with a detailed understanding of how to assess risks effectively. You'll learn about risk assessment matrices, likelihood scales, consequence scales, Annual Loss Expectancy (ALE), risk rating scales, control effectiveness, Risk Priority Number (RPN), risk registers, risk breakdown structures, and the SWIFT Analysis, empowering you to quantify and prioritize risks using various tools and methodologies.
18- Risk Evaluation and Control
This section explores the processes of risk evaluation and control. You'll learn how to evaluate risks using a risk map, identify different types of controls (preventive, corrective, directive, and detective), and understand how to effectively implement control measures within your organization.
19- Risk Treatment
This section delves into risk treatment strategies, providing you with a range of options for managing identified risks. You'll explore the differences between risk controls and risk treatments, understand the concepts of negative and positive risk treatment, and learn about various risk treatment approaches including acceptance, mitigation, transfer, avoidance, escalation, exploit, enhancement, and sharing. You'll also gain insights into creating Risk Treatment Plans (RTP) to guide risk management efforts.
20- RISK MONITORING & REVIEW
This section highlights the importance of risk monitoring and review, ensuring the ongoing effectiveness of risk management practices. You'll differentiate between monitoring and review, understand when to conduct reviews, explore risk monitoring tools, and learn how to record and report risks effectively, ensuring that risk management activities are continuously assessed and improved.
21- Risk culture
This section focuses on risk culture, exploring its impact on organizational success. You'll learn about the components of a positive risk culture, identify signs of a poor risk culture, understand the relationship between risk training and risk culture, and explore the Deloitte Risk Culture Framework, providing you with insights into how to foster a risk-aware and proactive culture within your organization.
Bonus sessions old records
This bonus section provides additional insights into fundamental concepts like the definition of risk, the relationship between uncertainty and risk, the distinctions between hazard, peril, harm, issue, and risk, and an exploration of healthcare risk and risk-based thinking, reinforcing your foundational understanding of risk management.