Each business is an opportunity to attain rewards (profits or benefits). On the other hand, every business has its own set of risks - risks that could cost the organisation dearly, financially or otherwise. Every action carried out by an employee or every decision taken by its senior officers could turn out wrong or right, or even fortuitous - these will bring harmful or beneficial impacts on the organisation. Hence, it is justified to say: managing a business is managing its risks.
Many top managers do not fully comprehend what risk management really is? How does a risk management programme add value to the company? Is it really practicable that one can relate to it on a day-to-day basis? What would it take to implement an ERM project - what costs, resources, and how long will the project phase be.
The course provides clear explanations in simple language of the issues stated in the preceding paragraph. The participants will understand the methodologies, ERM standards and the working principles of risk management, and besides other tangible and non tangible benefits, how it will actually add to the bottom-line results and prestige to the organisation.
CEO/MD, board directors, risk management committee members will benefit from this course.
2. Features of an ERM System
3. What it takes to implement an ECM System