Enterprise Risk Management Training Course

INTRODUCTION

Enterprise Risk Management (ERM) is a vital process that enables organizations to identify, assess, and manage potential risks that could impact their operations and strategic goals. Enterprise Risk Management helps organizations reduce the impact of negative events, evaluate the benefits and risks of projects before initiation, and plan responses to emergencies or other adverse events. By implementing a robust Enterprise Risk Management framework, organizations can protect their assets, sustain operations, and ensure long-term success. This Enterprise Risk Management training course is designed to provide participants with a comprehensive understanding of Enterprise Risk Management principles and practices. It will equip you with the skills to identify potential risks, evaluate their likelihood and impact, and develop strategies to manage them effectively. Participants will also learn how to integrate Enterprise Risk Management into the organizational culture, fostering a proactive approach to risk management that aligns with the organization's strategic objectives.

COURSE OBJECTIVES

Upon completing this Enterprise Risk Management training course, participants will be able to:

• Understand and apply Enterprise Risk Management methodology and principles within their organizational environment.
• Gain insight into primary risk control measures adopted within various organizational scenarios.
• Integrate ERM prerequisites into organizational culture to develop a proactive, risk-averse environment.
• Consistently manage enterprise risk to achieve organizational objectives.
• Identify and avoid common errors when reviewing existing Enterprise Risk Management plans.
• Understand the principles, procedures, and protocols for implementing Enterprise Risk Management, including its potential impact.
• Critically evaluate weaknesses in current Enterprise Risk Management methodology and processes.
• Apply Enterprise Risk Management principles to improve organizational efficiency and optimize value extraction.
• Understand the roles, functions, and responsibilities of various actors and institutions in Enterprise Risk Management.

DURATION

10 Days

WHO SHOULD ATTEND

This Enterprise Risk Management course is ideal for:

• Enterprise Risk Management Professionals
• Executive Managers
• Change Management Staff
• Organizational Development Staff
• Business Process Re-Engineering Consultants
• Human Resources Personnel
• Public Servants involved in Enterprise Risk Management
• Individuals responsible for implementing Enterprise Risk Management plans to improve organizational strategic objectives

COURSE CONTENT

MODULE 1: INTRODUCTION

• History of ERM
• Approach, Principles, and Philosophy
• Values associated with ERM
• Link between Risk Management and ERM
• Understanding the nexus between ERM, Risk Management, Project Management, Budgeting, and Strategic Planning

MODULE 2: GENERAL ENTERPRISE RISK MANAGEMENT

• Risk Oversight and Integration
• Enterprise-wide Risk Perspective
• Influencing Factors and Potential Risks
• Contextualizing ERM within Strategic Planning and Budgeting (Case Study)

MODULE 3: ACTUARIAL APPROACH TO ENTERPRISE RISK MANAGEMENT

• Actuarial Enterprise Risk Assessment
• Statistical Enterprise Risk Assessment
• Enterprise Risk Predictability and Scenario Planning
• Focus on Actuarial Enterprise Risk Assessment Instruments
• Enterprise Risk Projection and Planning

MODULE 4: PRINCIPLES OF ENTERPRISE RISK MANAGEMENT

• Identification and Control of Enterprise Risks
• Enterprise Risk Financing and Claims Management
• Enterprise Risk Contingency Planning and Evaluation

MODULE 5: ANALYSIS OF ENTERPRISE RISK

• Defining Enterprise Risk Uncertainty Levels
• Uncertainty and Enterprise Risk Impact Assessment
• Exploring Partnerships in ERM
• Enterprise Risk Analysis Modeling and Results Analysis
• Market Measurement and Management
• Operational and Integrated ERM (Case Study)

MODULE 6: CONTROL OF ENTERPRISE RISK

• Potential Loss Reduction and Proactive Risk Control
• Enterprise Risk Reduction and Elimination
• Enterprise Hazard Substitution and Isolation
• Enterprise Risk Hazard Matrix Compilation (Case Study)

MODULE 7: RISK MANAGEMENT PRACTICE

• Systemic and Strategic Enterprise Risks
• Financial and Operational Risks
• Enterprise Risk Mapping Reality (Case Study)
• Monitoring and Evaluation: Enterprise Contingency Planning

GENERAL NOTES

• This course is delivered by seasoned trainers with extensive experience as expert professionals in their respective fields. It combines practical activities, theory, group work, and case studies.
• Participants will receive comprehensive training manuals and additional reference materials.
• Upon successful completion, participants will be awarded a certificate.
• We offer tailor-made courses to meet specific organizational needs. For more information, contact us at training@skillsforafrica.org.
• The training will take place at the Skills for Africa Training Institute.
• The training fee covers tuition, materials, lunch, and the training venue. Accommodation and airport transfers can be arranged upon request.
• Payment should be made to our bank account before the start of the training. Please send proof of payment to training@skillsforafrica.org.