This comprehensive course provides in-depth coverage of Enterprise Risk Management (ERM) frameworks, methodologies, and implementation strategies. Participants will learn to design, implement, and maintain effective ERM programs that align with organizational objectives and create value. The curriculum covers risk identification, assessment, treatment, monitoring, and reporting across all organizational levels and risk categories. Through practical exercises and real-world case studies, learners will develop the skills to build robust ERM capabilities that support informed decision-making and enhance organizational resilience.
The Complete Course in Enterprise Risk Management (ERM): Frameworks and Implementation
Governance, Risk and Compliance
October 25, 2025
Introduction
Objectives
Upon completion, participants will be able to:
- Design and implement comprehensive ERM frameworks
- Apply risk assessment methodologies across risk categories
- Develop risk appetite statements and tolerance levels
- Integrate ERM with strategic planning and decision-making
- Establish risk monitoring and reporting mechanisms
- Facilitate risk culture development and awareness
- Align ERM with compliance and internal control activities
- Evaluate and enhance existing ERM programs
- Communicate risk information to executive leadership and boards
- Measure and demonstrate ERM value and effectiveness
Target Audience
- Risk Management Professionals
- Chief Risk Officers
- Internal Auditors
- Business Unit Leaders
- Compliance Officers
- Strategic Planners
- Project Managers
- Finance and Operations Executives
Methodology
- ERM framework development workshops
- Risk assessment simulation exercises
- Case studies of ERM implementation
- Risk appetite statement drafting sessions
- KRI development exercises
- Board reporting preparation workshops
- Mini-case studies of risk management failures
- Syndicate discussions on risk culture challenges
Personal Impact
- Comprehensive understanding of ERM frameworks
- Enhanced risk assessment and analysis skills
- Improved strategic thinking about risk
- Stronger communication and influencing abilities
- Better decision-making in uncertain environments
- Advanced problem-solving capabilities
Organizational Impact
- More informed strategic decision-making
- Improved risk awareness and preparedness
- Enhanced regulatory compliance
- Better resource allocation and capital efficiency
- Stronger organizational resilience
- Increased stakeholder confidence
Course Outline
ERM Foundations and Frameworks
ERM Principles and Concepts- Evolution and business case for ERM
- Key ERM standards (COSO, ISO 31000)
- Risk management maturity models
- ERM roles and responsibilities
- ERM framework components
- Governance structure design
- Policy and procedure development
- Integration with existing processes
Risk Identification and Assessment
Risk Identification Techniques- Risk categorization approaches
- Stakeholder analysis and engagement
- Risk workshops and interviews
- Process mapping and analysis
- Qualitative and quantitative assessment
- Risk matrix development
- Scenario analysis and stress testing
- Emerging risk identification
Risk Appetite and Strategy
Risk Appetite Framework- Risk appetite statement development
- Tolerance level setting
- Limit setting and monitoring
- Board approval and communication
- Risk treatment options
- Control selection and design
- Risk financing and transfer
- Resource allocation for risk treatment
Risk Integration and Culture
Strategic Integration- ERM in strategic planning
- Risk-adjusted performance measurement
- Capital allocation and investment decisions
- M&A and strategic initiative evaluation
- Elements of strong risk culture
- Communication and training strategies
- Behavioral aspects of risk management
- Incentive alignment and compensation
Risk Monitoring and Reporting
Monitoring Framework- Key risk indicators (KRIs) development
- Control effectiveness monitoring
- Risk profile tracking
- Early warning indicators
- Executive and board reporting
- Risk dashboard design
- Regulatory reporting requirements
- Stakeholder communication
Advanced ERM Applications
Specialized Risk Areas- Operational risk management
- Strategic risk assessment
- Financial risk integration
- Emerging risk categories
- ERM program assessment
- Benchmarking and best practices
- Continuous improvement processes
- Technology enablement strategies
Ready to Learn More?
Have questions about this course? Get in touch with our training consultants.
Submit Your Enquiry