Enterprise Risk Management - Implementer's Course

Duration: 3 Days (9.00am - 5.00pm) | Code: JE-403

Course Objective

Not unlike preparing a dish from a cook-book, it is often difficult to design and implement an effective ERM system from concepts that meets with management's expectations. While risk management principles can be documented, it is really a capability that resides with the risk management practitioner. This is the reason for the high rate of unsatisfactory ERM projects.

When properly designed and implemented, the ERM programme will not only reduce costs of risks but will also add to the organisation's bottom-line results. It enhances work relationships on individual and departmental levels, and heightens productivity and company reputation. Overall, an effective ERM raises the organisational performance level by several notches.

The course provides participants with an understanding on risk managements and also on the ISO 31000 requirements and guidelines. Importantly, the trainer provides participants with case studies, best practices, knowledge of pitfalls to avoid and practical risk management solutions that he has accumulated over 20 years of risk management work.

CEO/MD, RMC, ERM Project Manager and senior managers will benefit from this course.

Program Outline

1. What is risk management and ERM?

  • What is risk character?
  • Response to risk: personally and corporately
  • What is the organisational exposures to risks

2. Features of an ERM System

  • ISO 31000: Risk Management - Principles and Guidelines
  • Risk Management Process: identify, analyse, assess, treatment and monitor
  • Risk Identification Exercise: how to do it on organisational level
  • Risk Analysis: drilling down to treatable level
  • Risk Treatment: Solutions - avoidance, reduction, and transfer
  • Corporatising risk, and re-delegating as KRIS
  • Risk Supervision: Risk Management Committee, Risk Owners
  • Risk Communications & Reporting for results
  • Management of the ERM Programme

3. Workshop Exercises

  • Conducting entire risk management process

4. Implementing an ERM System

  • Project Management
  • Internalising a Risk Management culture
  • Project requirements: manpower, costs, etc