By the end of this course, participants will be able to:

• Define and explain the principles and components of Enterprise Risk Management
• Apply risk-based decision-making techniques in various business contexts
• Identify, assess, and control risks across multiple organizational functions
• Integrate ERM with corporate governance and control frameworks
• Implement ERM processes aligned with best practices and regulatory standards

• Risk Managers
• Internal Auditors
• Financial Controllers
• Senior Executives and Directors

1. Introduction to Enterprise Risk Management

• Understanding risk perception
• Internal and external risk environments
• Risk-based ERM definitions
• The importance of managing risk

2. Corporate Governance and Risk Management

• Defining corporate governance
• Governance scope and GRC framework
• COSO ERM Cube overview
• Role of risk-based decision making

3. The Corporate Control Environment

• COSO ERM process structure
• Internal controls design through risk lens
• Environmental impacts on controls
• Risk-Based Internal Auditing practices

4. Evolution of ERM

• History and development of risk management
• Key ERM objectives and classifications
• Types of organizational risks
• Risk identification techniques

5. Risk Categories and Control Tools

• Strategic, operational, reporting, and compliance risks
• Tools and techniques for risk control
• Designing control frameworks

6. ERM Process Framework

• Setting internal environments and objectives
• Event identification and risk assessment
• Risk response planning
• Control activities and communication strategies
• Monitoring and reviewing risks

7. Integrating ERM with Strategy and Performance

• Linking risk to business strategy
• Performance indicators and risk tolerance
• Embedding risk thinking in strategic planning

8. Risk Reporting and Communication

• Creating effective risk reports
• Communicating risk to stakeholders
• Using dashboards and risk heat maps

9. Industry Case Studies

• ERM in financial institutions
• ERM in manufacturing and service sectors
• Lessons learned from failures and successes

10. Final Assessment and Review

• Group presentations
• Final quiz
• Course review and feedback

The course combines various teaching methods, including instructor-led presentations, group discussions, case study analyses, and assessments through quizzes and a final exam to engage participants and ensure they understand and retain the material.