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delivery
Classroom & Virtual
duration
3 days
enrolled students
9,999
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overview
Course Overview
The Enterprise Risk Manager course is tailored for professionals seeking to develop comprehensive skills in Enterprise Risk Management (ERM). The course will be delivered through a combination of lectures, interactive discussions, group exercises, and case study analyses. Participants will engage in hands-on activities to reinforce their understanding of ERM concepts and principles. By the end of the course, participants will be equipped to implement ERM frameworks that align with organizational objectives and mitigate risks across various domains.
Learning Outcomes
By the end of the course, participants will be able to:
- Define enterprise risk management and its importance in organizational success.
- Identify and assess potential risks that could impact the organization's objectives.
- Develop and implement a comprehensive risk management framework.
- Evaluate and prioritize risks based on their likelihood and impact.
- Create effective risk mitigation strategies to reduce the impact of identified risks.
- Monitor and control risks throughout the organization's lifecycle.
- Communicate effectively about risk management to stakeholders at all levels.
- Stay updated on emerging risk management trends and best practices.
Curriculum
- Introduction to Enterprise Risk Management
- Components of Enterprise Risk Management
- Implementing Enterprise Risk Management
- Case Studies and Discussion
- Conclusion and Key Takeaways
Introduction to Enterprise Risk Management
Definition of ERM
Importance of ERM in modern business environments
Objectives and benefits of implementing ERM
Components of Enterprise Risk Management
Risk Identification
Techniques for identifying risks
Common types of risks: strategic, operational, financial, and compliance.
Risk Assessment
Quantitative vs. qualitative risk assessment methods
Risk matrix and risk prioritization.
Risk Response
Strategies for managing risks: avoid, mitigate, transfer, or accept
Developing risk response plans.
Implementing Enterprise Risk Management
Establishing the ERM Framework
Roles and responsibilities of stakeholders
Integration with organizational structure and culture
Risk Monitoring and Reporting
Implementing processes for ongoing risk monitoring
Creating effective reporting mechanisms for risk assessment and mitigation progress
Continuous Improvement
Evaluating and adjusting the ERM framework over time
Learning from successes and failures
Case Studies and Discussion
Analyzing real-life examples of successful ERM implementation
Discussing challenges and potential solutions
Q&A session to address participants’ queries and concerns
Conclusion and Key Takeaways
Summary of key concepts covered
Reinforcement of the importance of ERM
Encouragement for further learning and application
who attends
Right For You
Participants enrolling for this programme will be required to have a minimum of 3 years’ professional experience. Participants who meet the programme requirement should pay the course fee and complete the enrollment form 2 weeks before the programme kick off date.
Requirements;
- Mid- to senior-level executives responsible for managing enterprise risk across diverse sectors.
- Working professionals who are seeking to transition their careers, jobs, or industries to specialize in enterprise risk management.
- Individuals who meet the program requirements and aspire to become experts in enterprise risk management within their respective organizations.
- Entrepreneurs and CEOs who are keen on developing a robust understanding of enterprise risk management to safeguard their businesses and enhance strategic decision-making processes.
Prospective applicants who do not meet the programme requirement but want to join the programme should talk to a Career Advisor.
Key Program Features
Training
The Enterprise Risk Management training approach employs hands-on learning, which imparts the skills required for specific job roles.
Internship & Projects
The Enterprise Risk Management course provides up to 4 months of internship while working on real work projects, which adds expertise and verifiable work references in the resident country.
Career Development
The Enterprise Risk Management course assists participants in securing a job through the development of a professional profile and job prospecting.
teaching team
Meet Your Facilitator(s)
course schedule
The Schedule For This Course
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
Classroom
Weekdays
Dates:
3rd Apr – 5th Apr, 2025
As of Thu Jan 23 2025
Days:
Thu, Fri & Sat
Time:
8:30am – 3:30pm
Duration:
3 days
Weekends
Contact Us
Virtual
Weekdays
Dates:
3rd Apr – 5th Apr, 2025
As of Thu Jan 23 2025
Days:
Thu, Fri & Sat
Time:
8:30am – 3:30pm
Duration:
3 days
Weekends
Contact Us
FAQs
Frequently Asked Questions
ERM is a strategic approach to managing risks across an entire organization. Unlike traditional, siloed risk management, ERM considers all potential threats, from operational issues to cybersecurity breaches, and their interconnectedness. It involves identifying, assessing, prioritizing, and developing plans to mitigate these risks to ensure business continuity and achieve objectives.
ERM is crucial for several reasons, some may include:
- It helps identify and address risks before they become problems, minimizing potential losses and disruptions.
- ERM ensures adherence to regulations and industry standards, reducing legal and financial repercussions.
- ERM fosters a company-wide awareness of risk, encouraging employees to identify and report potential issues.
The ERM process typically involves a continuous cycle:
- Identify risks: Brainstorm and categorize potential threats across the organization.
- Assess risks: Analyze the likelihood and potential impact of each risk.
- Prioritize risks: Determine which risks require the most immediate attention based on severity.
- Develop risk mitigation strategies: Create plans to address or minimize the impact of identified risks.
- Monitor and update: Regularly monitor risk landscape, update strategies as needed, and learn from past experiences.
You can get started right away. Contact one of our support representatives to enroll for the Enterprise Risk Management Course.
