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 Enterprise Risk Management: A Driver for Organizational Success

12/3/2018 8:30 AM
12/4/2018 4:30 PM
Global Knowledge, 360 Albert St Suite # 720, Constitution Square Tower 1, Ottawa, ON K1R 7X7 |  

​ERM is not a process, a tool, a department, or a list of risks – it is how an organization makes better business decisions. COSO recently updated the ERM Framework with increased emphasis on recognition that risk management is fundamental for an organization to align its actions with its strategy.

At the same time, ISO is nearly finished updating its standard 31000. With the advent of these two significant updates, it is time to reconsider the foundations of risk and risk management. Every organization is in the “risk management” business as managing risk is part of nearly everything an organization does.

This course unpacks the theory behind ERM with group activities and real-world scenarios to help you apply the concepts of risk management.

This course is designed for internal auditors with at least 3 years of experience who are involved in the ERM process, as well as managers and other professionals who deal with the complexities of ERM.

Course Objectives

  • Define enterprise risk management and the nature of risk.
  • Identify the relationship between enterprise risk management and strategy and objective setting.
  • Learn how to identify, assess, prioritize, and respond to risks.
  • Learn how to leverage information and technology to communicate risk information and report on risk and performance.
  • Understand the importance of board risk oversight, establishing operating structures, and defining a culture that aligns with enterprise risk management integration and strategy and business objectives.
  • Understand the importance of demonstrating commitment to core values and attracting, developing, and retaining capable Individuals in alignment with strategy and business objectives.
  • Identify methods for assessing changes, reviewing risk and performance, and improving enterprise risk management.

Course Duration: 2 days

CPE Hours Available: 16

Knowledge Level: Intermediate

Field of Study: Business Management and Organization

Prerequisites: Participants should have at least 3 years of experience in internal audit and be involved in the ERM process.

Advance Preparation: None


$1,045.00 members

$1,200.00 non-members

Course outline

Registration is closed. Class is full.