Enterprise Risk Management
Details
Enterprise risk management (ERM) is the process of identifying, assessing, and prioritizing risks that could potentially impact an organization. It is a proactive approach to managing risk that allows organizations to make informed decisions about how to mitigate or eliminate risks that could have a negative impact on the organization.
ERM involves the entire organization and is not just limited to financial risks. It encompasses all types of risks, including strategic, operational, financial, and compliance risks. The goal of ERM is to help an organization achieve its objectives by identifying and managing potential risks before they occur.
There are several key components of ERM. The first is risk identification, which involves identifying all potential risks that could impact the organization. This may include external risks such as changes in market conditions or competitive landscape, as well as internal risks such as operational inefficiencies or employee turnover.
Outline
LEARNING OUTCOMES:
- Understand the concept of risk and how it relates to an organization's objectives.
- Identify the different types of risks that an organization may face, including strategic, operational, financial, and compliance risks.
- Develop a risk management strategy that is aligned with the organization's objectives and risk appetite.
- Identify potential risks and evaluate their likelihood and impact.
- Implement controls and procedures to mitigate or eliminate identified risks.
- Understand the importance of ongoing monitoring and review of risks and risk management strategies.
- Collaborate with all levels of the organization to ensure buy-in and support for the risk management process.
- Understand the role of risk management in decision-making and how it can help an organization achieve its objectives.
- Use risk management tools and techniques to analyze and communicate risks to relevant stakeholders.
Speaker/s
Special Offer
SMART Management Training and Consultancy is a UK work-based training provider. We specialize in providing high-quality training and development opportunities aimed at individuals and corporates across the Gulf and Africa (UAE, GCC and Africa).
We're a tight knit team of Training Professionals. We always put our customers first and never stop until we are completely satisfied that we have done THE VERY BEST JOB possible. We're dynamic, creative and hardworking. Customer care is extremely important to us.
SMART Management Training and Consultancy delivers public and onsite courses as well as customized courses for any organizations's specific needs. Attendees receive high-quality training designed to implement programmes using proven techniques. Each year our training programmes help thousands of professionals both in the GCC and internationally.
After attending a course, attendees are able to immediately implement practices and put the information learned into action. Our course attendees are able to take the knowledge gained beyond the classroom into everyday work situations.
Who are our trainers?
Because we focus on the critical aspects of thinking skills, we are able to use a range of trainers who are specialists in this area of work. Our criteria for selecting trainers is straightforward. ...
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