A Holistic Approach to ERM: Embracing its Fundamentals, ISO 31000:2018, COSO, NIST, and COBIT for a Unified Perspective.
What you will 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
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 risks
- 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
- Risk 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.
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Content
Course Overview
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1- What is Risk?
1-Definition of Risk
2-Uncertainty and Its Relationship to Risk
More learnings (Type of Uncertainty)
3-Differences between HAZARD vs. RISK Vs. Perils Vs HARM
4-Differences between ISSUE VS. RISK
5-HEALTHCARE Risk
More learnings (NHS 7 Pillars of clinical governance)
6-Risk Base Thinking
Study Questions
2-what is Risk Management?
1-Risk Management
2-Risk Management Process
3-Risk Management Applications
4-Risk Management Tenets and Principle
5-Risk Management Fundamentals
6-Risk Management Importance
7- Signs of Poor Risk Mangment
Study Questions
3-Enterprise Risk Management (ERM)
1-Enterprise Risk Management (ERM)
2-Approaches to ERM
3-Traditional ERM
4-ERM Fundamental Concepts
5-ERM Categories
6-ERM Framework Components
7-ERM Advantages
8-ERM Disadvantages
9-ERM Implementation Guide
10-ERM Implementation Challenges
4-ERM Roles and Responsibilities
1-ERM Roles and Responsibilities overview
2-Board of Directors
3-Board of Trustees Audit Committee
4-CEO (Chief Executive Officer)
5-Chief Risk Officer (CRO)
6-Chief audit officer
7-ERM Advisory Committee (ERMAC)
8-ERM Risk Manager
Risk Auditor
9-Department Heads role
10-Individual Employees
5- EMR framework Types
1-EMR framework Types
2-Casualty Actuarial Society ERM
3-The COSO ERM Integrated Framework
4-ISO 31000 ERM Framework
5-ISO 31000 vs COSO
6-COBIT ERM Framework
7-COSO Vs COBIT Frameworks
8-NIST ERM Framework
9-RIMS Risk Maturity Model
10-Deloitte Legal ERM Framework
6-Custom ERM Frameworks
1-Custom ERM Frameworks
2-Custom ERM consideration
3- Custom ERM Process
4-Stage one Build a Cross-Functional ERM Team
5-Stage Two Identify Risk
6-Stage Three Establish Risk Assessment Methodology
7-Stage Four Treat and optimize risk
8-Stage Five Optimize Risk Management
7-How to Implement Enterprise Risk Management
1-How to Implement Enterprise Risk Management
2-Step One Develop ERM Foundation
3-Step Two: Stakeholders and communication
4-Step Three : Identify and Assess Risk
5-Step Four Risk Treatment
6-Step Five Risk Optimization
8-ERM Framework Elements
1-Risk Appetite
2-Risk Appetite Statements (RAS)
3-Risk Tolerance
4-Risk Attitude
5-Residual Risk
6-Risk Reporting Dashboards
7-RISK CAPACITY
8-RISK TARGET
9-RISK LIMIT
10-Risk level
11-RISK CRITERIA
12-RISK EVALUATION
13-RISK Prioritization
14-Risk Response
15-Risk Data Analytics
16-Portfolio Risk Management
Bouns session (What Is Value at Risk (VaR)?)
17-Risk Management Plan
18-Risk maturity
19-Risk perception
20-Risk magnitude
21-Risk significance
22-Risk Modeling
23-Risk Governance
9-Integrated Risk Management
1-Integrated Risk Management
2-Integrated Risk Management Attributes
3-Integrated Risk Management Benefits
4-Integrated Risk Management Steps
5-Integrated Risk Management Challenges
6-Governance Risk and Compliance
10-ISO 31000 -2018 RISK Management
1-ISO 31000 -2018 RISK Management
2-ISO 31000 RISK Management Principles
3-ISO 31000 RISK Management Framework
4-Leadership and commitment
5-Integration
6-Design
7-Implementation
8-Evaluation
9-Improvement
10-ISO RISK Management process
11-ISO Scope, context and criteria
1-Scope, context and criteria
2-Establish Organization Context
3-Internal and External context
4-Internal and External tools
5-SWOT Analysis
6-PESTEL PEST Analysis
7-MOST analysis
More learnings (MOST analysis example)
8-Porter’s five force model.
More learnings (Porter’s Five Forces model example)
9- SCRS analysis
More learnings (SCRS example)
10-VPEC-T analysis
11-Heptalysis model
12-De Bono’s Six Thinking Hat
13-Catwoe
14-Five whys
More learnings (5 Whys Method in details)
15-MoSCow
12-ISO Communication and Consultation
0-ISO Communication and Consultation
1-Forms of RISK Communication
2-Communication plan
3-Obtain Organizational Support
4-Perform a Situation Analysis
5-Identify and Define Objectives Goals
6-Understand and Profile Your Key Audience
7-Form Communication Teams
8-Plan and design your message
9-Decide communication Channels
10-create an action plan
11-Create a Timetable for Publish
12-Monitor and Evaluate the Results
13-Risk Assessment
1-Risk Assessment
2-Approaches to risk assessment
3-Risk Assessment Types- part 1
3-Risk Assessment Types- part 2
4-Risk Assessment selection
5-Risk Assessments VS Method Statements
6-RAMS documents
7-Job Safety Analysis
14-Risk identification
1-Risk Identification
2-Risk identification criteria
3-Risk Identification Life Cycle
4-Risk Categorization
5-Risk Identification Barriers
6-Risk Identification Mistakes
15-Risk Assessment and Identification Techniques
1-Identification Techniques
2-Risk Interview
3-Brainstorming
4-Document Reviews
5-Assumption Analysis
6-Delphi Technique
7-Synectics
8-The Nominal Group Technique (NGT)
9-Affinity diagram
10-Monte Carlo Simulation
16-Risk Analysis
1-Risk Analysis
2-Risk Analysis Benefits
3-Risk Analysis Principles
4-Risk Analysis Limitations
5-Qualitative Risk Analysis
6-Semi-Quantitative Risk Analysis (SQRA)
7-QUANTITATIVE Risk Analysis (QRA)
8-Best risk analysis type
10-RISK IMPACT
10-RISK Likelihood
17-Risk Analysis Scales
1-Risk Analysis Scales
2-Risk Assessment Matrix
3-Likelihood scale
4-Consequence’s Scale
5-Annual Loss Expectancy (ALE)
6- Risk Rating Scale
7-Control Effectiveness
8-Risk Priority Number, RPN
9-Risk Register
11-Risk Breakdown Structure
12-SwIFT Analysis
18-Risk Evaluation and Control
1-Risk Evaluation
2-Risk Map
3-Risk control
4-Preventive controls
5-Corrective Controls
6-Directive controls
7-Detective controls
8-All In One
19-Risk Treatment
1-Risk Treatment
2-Risk Controls VS Risk Treatments
2-Negative Vs Positive
3-Risk Acceptance
4-Risk Treat
5-Risk Transfer
6-Risk Transfer – vs Risk Shifting
7-Risk Avoidance
8-RISK Escalation
9-RISK Exploit
10-RISK Enhance
11-RISK Share
12-Risk Treatment Plans (RTP)
20-RISK MONITORING & REVIEW
1-RISK MONITORING & REVIEW
2-MONITORING VS REVIEW
3-When to Review
4-Risk Monitoring Tools
5-Recording and Reporting Risk
6-Record and Report Risks Steps
7-effective reporting elements
21-Risk culture
1-Risk Culture
2-Components of positive risk culture
3-Signs of poor Risk culture
4-Risk training and risk culture
5- Deloitte Risk Culture Framework
Risk managment Role and responsabilites exam
ERM Framework Elements exam