Comprehensive Course On Enterprise Risk Management

A Holistic Approach to ERM: Embracing its Fundamentals, ISO 31000:2018, COSO, NIST, and COBIT for a Unified Perspective.

What you'll learn

Identify and assess potential risks to the organization

Develop strategies to mitigate or manage identified risks

Monitor and report on risk management activities

Understand the role of governance and compliance in risk management

Use the risk management process in your ongoing decision-making processes

Gain the know-how to establish a framework for managing risk in your company

Understand the role of culture in risk management.

Understand the role of technology in risk management

The different types of risks that organizations face, including but not limited to financial, operational, strategic, compliance and reputational risks

The use of risk management frameworks, such as ISO 31000 or COSO, and how to apply them to an organization

Techniques for assessing and measuring risks, including quantitative and qualitative methods

The use of risk management tools and techniques, such as risk mapping, scenario planning, and risk financing

The role of risk management in strategic planning and decision-making

The role of internal controls and audit in risk management

Requirements

No prerequisite requirement

Enterprise risk management courses are typically designed for students and professionals in business and finance-related fields.

Some prior coursework in risk management

A basic understanding of business concepts

Business professionals looking to expand their knowledge and skills in risk management

Description

An enterprise risk management course typically provides students with an in-depth understanding of the concepts, tools, and techniques used to identify, assess, and manage risks to an organization's capital and earnings. The course may cover topics such as:Different types of risks, including financial, operational, strategic, compliance, and reputational risksRisk management frameworks, such as ISO 31000 or COSO, and how to apply them to an organizationTechniques for assessing and measuring risks, including quantitative and qualitative methodsRisk management tools and techniques, such as risk mapping, scenario planning,If you're looking for a course to understand the architecture of risk management based on the newest ISO 31000 standard (2018), this is the course you are looking for.If you're looking to be practical: to study the tools in assessing the risks, you might have to look for ISO 31010 or other materials to enhance your understanding.Learn how to motivate your employees/colleagues to manage risk on their own without constant prodding, cajoling, and reminders.Bolster your image as an authoritative, confident decision-maker by managing risk instead of letting it manage you!Earn a certificate from Udemy upon course completion and use it in a LinkedIn post.This course is backed by a 30-day refund policy. If you're not completely satisfied, simply request a refund through your dashboard.

Overview

Section 1: Course Overview

Lecture 1 welcom session

Lecture 2 Join Our Udemy Student Community

Lecture 3 Tips to Improve Your Course Taking

Section 2: 1- What is Risk?

Lecture 4 1-Definition of Risk

Lecture 5 2-Uncertainty and Its Relationship to Risk

Lecture 6 More learnings (Type of Uncertainty)

Lecture 7 3-Differences between HAZARD vs. RISK Vs. Perils Vs HARM

Lecture 8 4-Differences between ISSUE VS. RISK

Lecture 9 5-HEALTHCARE Risk

Lecture 10 More learnings (NHS 7 Pillars of clinical governance)

Lecture 11 6-Risk Base Thinking

Section 3: 2-what is Risk Management?

Lecture 12 1-Risk Management

Lecture 13 2-Risk Management Process

Lecture 14 3-Risk Management Applications

Lecture 15 4-Risk Management Tenets and Principle

Lecture 16 5-Risk Management Fundamentals

Lecture 17 6-Risk Management Importance

Lecture 18 7- Signs of Poor Risk Mangment

Section 4: 3-Enterprise Risk Management (ERM)

Lecture 19 1-Enterprise Risk Management (ERM)

Lecture 20 2-Approaches to ERM

Lecture 21 3-Traditional ERM

Lecture 22 4-ERM Fundamental Concepts

Lecture 23 5-ERM Categories

Lecture 24 6-ERM Framework Components

Lecture 25 7-ERM Advantages

Lecture 26 8-ERM Disadvantages

Lecture 27 9-ERM Implementation Guide

Lecture 28 10-ERM Implementation Challenges

Section 5: 4-ERM Roles and Responsibilities

Lecture 29 1-ERM Roles and Responsibilities overview

Lecture 30 2-Board of Directors

Lecture 31 3-Board of Trustees Audit Committee

Lecture 32 4-CEO (Chief Executive Officer)

Lecture 33 5-Chief Risk Officer (CRO)

Lecture 34 6-Chief audit officer

Lecture 35 7-ERM Advisory Committee (ERMAC)

Lecture 36 8-ERM Risk Manager

Lecture 37 Risk Auditor

Lecture 38 9-Department Heads role

Lecture 39 10-Individual Employees

Section 6: 5- EMR framework Types

Lecture 40 1-EMR framework Types

Lecture 41 2-Casualty Actuarial Society ERM

Lecture 42 3-The COSO ERM Integrated Framework

Lecture 43 4-ISO 31000 ERM Framework

Lecture 44 5-ISO 31000 vs COSO

Lecture 45 6-COBIT ERM Framework

Lecture 46 7-COSO Vs COBIT Frameworks

Lecture 47 8-NIST ERM Framework

Lecture 48 9-RIMS Risk Maturity Model

Lecture 49 10-Deloitte Legal ERM Framework

Section 7: 6-Custom ERM Frameworks

Lecture 50 1-Custom ERM Frameworks

Lecture 51 2-Custom ERM consideration

Lecture 52 3- Custom ERM Process

Lecture 53 4-Stage one Build a Cross-Functional ERM Team

Lecture 54 5-Stage Two Identify Risk

Lecture 55 6-Stage Three Establish Risk Assessment Methodology

Lecture 56 7-Stage Four Treat and optimize risk

Lecture 57 8-Stage Five Optimize Risk Management

Section 8: 7-How to Implement Enterprise Risk Management

Lecture 58 1-How to Implement Enterprise Risk Management

Lecture 59 2-Step One Develop ERM Foundation

Lecture 60 3-Step Two: Stakeholders and communication

Lecture 61 4-Step Three : Identify and Assess Risk

Lecture 62 5-Step Four Risk Treatment

Lecture 63 6-Step Five Risk Optimization

Section 9: 8-ERM Framework Elements

Lecture 64 1-Risk Appetite

Lecture 65 2-Risk Appetite Statements (RAS)

Lecture 66 3-Risk Tolerance

Lecture 67 4-Risk Attitude

Lecture 68 5-Residual Risk

Lecture 69 6-Risk Reporting Dashboards

Lecture 70 7-RISK CAPACITY

Lecture 71 8-RISK TARGET

Lecture 72 9-RISK LIMIT

Lecture 73 10-Risk level

Lecture 74 11-RISK CRITERIA

Lecture 75 12-RISK EVALUATION

Lecture 76 13-RISK Prioritization

Lecture 77 14-Risk Response

Lecture 78 15-Risk Data Analytics

Lecture 79 16-Portfolio Risk Management

Lecture 80 Bouns session (What Is Value at Risk (VaR)?)

Lecture 81 17-Risk Management Plan

Lecture 82 18-Risk maturity

Lecture 83 19-Risk perception

Lecture 84 20-Risk magnitude

Lecture 85 21-Risk significance

Lecture 86 22-Risk Modeling

Lecture 87 23-Risk Governance

Section 10: 9-Integrated Risk Management

Lecture 88 1-Integrated Risk Management

Lecture 89 2-Integrated Risk Management Attributes

Lecture 90 3-Integrated Risk Management Benefits

Lecture 91 4-Integrated Risk Management Steps

Lecture 92 5-Integrated Risk Management Challenges

Lecture 93 6-Governance Risk and Compliance

Section 11: 10-ISO 31000 -2018 RISK Management

Lecture 94 1-ISO 31000 -2018 RISK Management

Lecture 95 2-ISO 31000 RISK Management Principles

Lecture 96 3-ISO 31000 RISK Management Framework

Lecture 97 4-Leadership and commitment

Lecture 98 5-Integration

Lecture 99 6-Design

Lecture 100 7-Implementation

Lecture 101 8-Evaluation

Lecture 102 9-Improvement

Lecture 103 10-ISO RISK Management process

Section 12: 11-ISO Scope, context and criteria

Lecture 104 1-Scope, context and criteria

Lecture 105 2-Establish Organization Context

Lecture 106 3-Internal and External context

Lecture 107 4-Internal and External tools

Lecture 108 5-SWOT Analysis

Lecture 109 6-PESTEL PEST Analysis

Lecture 110 7-MOST analysis

Lecture 111 More learnings (MOST analysis example)

Lecture 112 8-Porter’s five force model.

Lecture 113 More learnings (Porter's Five Forces model example)

Lecture 114 9- SCRS analysis

Lecture 115 More learnings (SCRS example)

Lecture 116 10-VPEC-T analysis

Lecture 117 11-Heptalysis model

Lecture 118 12-De Bono’s Six Thinking Hat

Lecture 119 13-Catwoe

Lecture 120 14-Five whys

Lecture 121 More learnings (5 Whys Method in details)

Lecture 122 15-MoSCow

Section 13: 12-ISO Communication and Consultation

Lecture 123 0-ISO Communication and Consultation

Lecture 124 1-Forms of RISK Communication

Lecture 125 2-Communication plan

Lecture 126 3-Obtain Organizational Support

Lecture 127 4-Perform a Situation Analysis

Lecture 128 5-Identify and Define Objectives Goals

Lecture 129 6-Understand and Profile Your Key Audience

Lecture 130 7-Form Communication Teams

Lecture 131 8-Plan and design your message

Lecture 132 9-Decide communication Channels

Lecture 133 10-create an action plan

Lecture 134 11-Create a Timetable for Publish

Lecture 135 12-Monitor and Evaluate the Results

Section 14: 13-Risk Assessment

Lecture 136 1-Risk Assessment

Lecture 137 2-Approaches to risk assessment

Lecture 138 3-Risk Assessment Types- part 1

Lecture 139 3-Risk Assessment Types- part 2

Lecture 140 4-Risk Assessment selection

Lecture 141 5-Risk Assessments VS Method Statements

Lecture 142 6-RAMS documents

Lecture 143 7-Job Safety Analysis

Section 15: 14-Risk identification

Lecture 144 1-Risk Identification

Lecture 145 2-Risk identification criteria

Lecture 146 3-Risk Identification Life Cycle

Lecture 147 4-Risk Categorization

Lecture 148 5-Risk Identification Barriers

Lecture 149 6-Risk Identification Mistakes

Section 16: 15-Risk Assessment and Identification Techniques

Lecture 150 1-Identification Techniques

Lecture 151 2-Risk Interview

Lecture 152 3-Brainstorming

Lecture 153 4-Document Reviews

Lecture 154 5-Assumption Analysis

Lecture 155 6-Delphi Technique

Lecture 156 7-Synectics

Lecture 157 8-The Nominal Group Technique (NGT)

Lecture 158 9-Affinity diagram

Lecture 159 10-Monte Carlo Simulation

Section 17: 16-Risk Analysis

Lecture 160 1-Risk Analysis

Lecture 161 2-Risk Analysis Benefits

Lecture 162 3-Risk Analysis Principles

Lecture 163 4-Risk Analysis Limitations

Lecture 164 5-Qualitative Risk Analysis

Lecture 165 6-Semi-Quantitative Risk Analysis (SQRA)

Lecture 166 7-QUANTITATIVE Risk Analysis (QRA)

Lecture 167 8-Best risk analysis type

Lecture 168 10-RISK IMPACT

Lecture 169 10-RISK Likelihood

Section 18: 17-Risk Analysis Scales

Lecture 170 1-Risk Analysis Scales

Lecture 171 2-Risk Assessment Matrix

Lecture 172 3-Likelihood scale

Lecture 173 4-Consequence's Scale

Lecture 174 5-Annual Loss Expectancy (ALE)

Lecture 175 6- Risk Rating Scale

Lecture 176 7-Control Effectiveness

Lecture 177 8-Risk Priority Number, RPN

Lecture 178 9-Risk Register

Lecture 179 11-Risk Breakdown Structure

Lecture 180 12-SwIFT Analysis

Section 19: 18-Risk Evaluation and Control

Lecture 181 1-Risk Evaluation

Lecture 182 2-Risk Map

Lecture 183 3-Risk control

Lecture 184 4-Preventive controls

Lecture 185 5-Corrective Controls

Lecture 186 6-Directive controls

Lecture 187 7-Detective controls

Lecture 188 8-All In One

Section 20: 19-Risk Treatment

Lecture 189 1-Risk Treatment

Lecture 190 2-Risk Controls VS Risk Treatments

Lecture 191 2-Negative Vs Positive

Lecture 192 3-Risk Acceptance

Lecture 193 4-Risk Treat

Lecture 194 5-Risk Transfer

Lecture 195 6-Risk Transfer - vs Risk Shifting

Lecture 196 7-Risk Avoidance

Lecture 197 8-RISK Escalation

Lecture 198 9-RISK Exploit

Lecture 199 10-RISK Enhance

Lecture 200 11-RISK Share

Lecture 201 12-Risk Treatment Plans (RTP)

Section 21: 20-RISK MONITORING & REVIEW

Lecture 202 1-RISK MONITORING & REVIEW

Lecture 203 2-MONITORING VS REVIEW

Lecture 204 3-When to Review

Lecture 205 4-Risk Monitoring Tools

Lecture 206 5-Recording and Reporting Risk

Lecture 207 6-Record and Report Risks Steps

Lecture 208 7-effective reporting elements

Section 22: 21-Risk culture

Lecture 209 1-Risk Culture

Lecture 210 2-Components of positive risk culture

Lecture 211 3-Signs of poor Risk culture

Lecture 212 4-Risk training and risk culture

Lecture 213 5- Deloitte Risk Culture Framework

anyone with an interest in understanding how to identify, assess, and manage risks to an organization's capital and earnings,Enterprise risk management courses are typically designed for students and professionals in business and finance-related fields.,Management professionals, such as general managers, operations managers, and project managers,Compliance professionals,Entrepreneurs and small business owners who want to learn how to identify and manage risks in their business,Government and non-profit organization staffs who want to understand how to identify and manage risks in their organization,Professionals from other industries such as healthcare, construction, and manufacturing, who want to understand how to identify and manage risks in their respective industries.