ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall.ĮRM can also be described as a risk-based approach to managing an enterprise, integrating concepts of internal control, the Sarbanes–Oxley Act, data protection and strategic planning. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization's objectives (threats and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. This 2-day module incorporates a ½ day case study workshop where the participants will apply the tools introduced during the training to identify, record, prioritise and mitigate risks.Enterprise risk management ( ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives.
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Participants will also learn how to achieve results through the effective use of the ERM framework and risk management tools. The module also explains and identifies effective internal controls as a risk mitigation tool and discusses how to establish effective risk mitigation strategies. Participants will also be taught how to set up ERM monitoring systems to track progress and to maintain schedules as well as how to apply strategic risk management concepts to enhance decision making processes and value to the business. The module reemphasises the fundamentals of ERM, corporate governance, internal controls and their interdependence. This program coaches participants in how to achieve this via practical application of ERM fundamentals.
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When implemented and utilized properly, ERM can become a driver for Commercial Sustainability as well as Organisational Agility and Resilience. With so much at stake for a business – financial loss, operational disruption, competitive disadvantage, legal liability, and harm to corporate reputation – the question for corporate directors and officers is not whether to become involved in cyber risk management, but how to appropriately implement and oversee their company’s initiatives. Participants will also be grounded in selecting, designing and implementing a practical Cyber Risk Maturity framework and be exposed to various cyber threat scenarios. This module has been designed to enable Risk and Management professionals to better assess the cyber resilience and exposures of their organisations and to design and implement effective cybersecurity mitigation and governance plans for their organisation. To protect their finances, liability, reputation, and future growth, organisations must ensure that their companies have appropriate processes in place to manage cyber risk in the context of their business.
Similar to financial and reputational risks, cybersecurity risk affects a company’s bottom line. Learn more about other certification and training programs at the IERP ® like digital risk management and operational risk management certification here. Whether you’re looking to introduce ERM into your organisation or enhance its performance, strategic or decision-making processes, this enterprise risk management certification program is essential for management professionals across all industries looking to take their career or organisation to the next level.Ĭonsidering pursuing our Enterprise Risk Manager (ERM ®) certification? Contact us if you want to know in details about our excellent enterprise risk management certification. Our Enterprise Risk Manager (ERM ®) Certification Program is an accelerated 12-day learning program designed to equip participants with the practical tools to effectively implement enterprise risk management in their organisations or to bolster risk management oversight. At the IERP ®, we are delighted to offer you an effective enterprise risk management certification that will surely bring various advantages to you and your organization. Sharpen your competitive advantage in your field of expertise by gaining a thorough understanding of Enterprise Risk Management (ERM) in relation to strategy, performance, and Business Continuity Management (BCM). Bachelors of Business Administration in ERM Specialism.
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