Prepare yourself to deal with uncertainty head-on, make wise decisions, and maximize your business’s long-term success by ensuring risk management. Find out how the most innovative and effective approaches to risk assessment and reducing risks can help you succeed in today’s ever-changing business environment.

Participants will gain an in-depth understanding of Enterprise Risk Management (ERM) and ISO 31000 during the Enterprise Risk Management Masterclass in 2024. Participants will be able to implement effective risk management strategies aligned with ISO 31000 international standards by the end of the course.

Our goal is to provide a comprehensive overview of the risk management process, as well as how to handle challenges. As part of this course, we will go over the eight principles of enterprise risk management step-by-step. We’ll discuss financial risk management in detail, as well as project risk management. We will take you step by step through technology, environmental, social, and political risk management with our exclusive course.

We’ll help to understand the whole risk management concept better by presenting some case studies illustrating legal and regulatory risks in different industries.

By enrolling in our Enterprise Risk Management (ERM) course, you will become more business savvy and secure the future of your organization.

This course comes with the following Sections:

1. Introduction to Risk Management: This section provides an overview of risk management, covering its definition, types of risks, processes, historical development, and so on.

2. Classification of Risk: The purpose of this section is to introduce readers to the concept of risk classification, emphasizing its definition, its importance in risk management, and its application to decision-making.

3. Introduction to ISO 31000: This section discusses ISO 31000’s background, benefits, challenges, guiding principles, framework components, and the risk management process it advocates.

4. ISO 31000:2018 and Eight Principles of Risk Management: The purpose of this section is to provide a comprehensive understanding of the eight principles of ISO 31000:2018, with an emphasis on their significance and application.

5. Enterprise Risk Management (ERM): In this section of the Enterprise Risk Management course, we discuss the motivation for ERM adoption, its historical development, key features, benefits, how risk is defined within ERM, and a practical case study.

6. The ERM Process-Step by Step: This section includes an overview of the Enterprise Risk Management (ERM) process, from the strategy definition to the oversight by key organizational constituents.

7. Managing Financial Risks: In this section, we explore financial risk management, discussing risk types and how they relate to organization goals, market and credit risk management strategies, and mitigation methods.

8. The Fundamentals of Operational Risk Management: In this section, we examine operational risk management in detail, including definitions, regulatory frameworks, similarities to other types of risks, measurement methodologies, and lots more.

9. Managing Technology Risks: The purpose of this section is to provide an overview of managing technology risks, covering introductions and definitions, common types of technology risks, risk assessment and analysis, and risk mitigation strategies.

10. Managing Legal & Political Risk: This section discusses types of legal and political risk, how to assess it, benefits, and strategies for effective risk management.

11. Environmental Risk Assessment: The purpose of this section is to provide an overview of environmental risk assessment, including due diligence, changing environmental landscapes, environmental risks, and ISO 14001’s role.

12. Social Risk Assessment: This section covers the definition, relevance, methodologies, key components, practical applications, mitigation strategies, and future trends of social risk assessment.

13. Quantitative Measurements of Risk: We cover visual representations like risk matrices and color matrices, as well as quantitative approaches like quantitative risk assessment and Risk-Adjusted Loss (RAL ) throughout this section of our enterprise risk management course.

14. Enterprise Risk Management in Projects: Step by Step: This section covers enterprise risk management in the context of project risk management, covering project management fundamentals in depth.

15. Developing and Implementing a Risk Management Framework: This section provides an understanding of risk management frameworks to help organizations develop, implement, and maintain effective risk management programs.

16. ERM Case Studies: This section outlines how enterprise risk management can be applied in manufacturing, multinational corporations, and diverse industries.

Who this course is for:

• Risk Management Professionals
• A manager of operational risk (ORM)
• Professionals seeking a career in Operational Risk
• Professionals involved in compliance management
• Professionals in Information Security
• Professionals in Internal Auditing and Controls
• Students studying risk management, business and finance, and banking bankers
• Those who wish to learn more about Operational Risk Management