• Post category:StudyBullet-3
  • Reading time:11 mins read


Your Real comprehensive guide to ISO 31000 & COSO Framework! Finally, ERM simplified & secrets uncovered.

What you will learn

Enterprise Risk Management

Crisis Management

Business Strategies

Description

There was a wrong common thought that “Risk Management” is a secondary activity or function and not that important. Believers and followers of that school used to say that corporates should focus their time and efforts on revenue-generating activities only. In their views, those activities that need to be given too much importance are:

Sales, Logistics, Marketing and Finance not Risk Management. In the last two decades, we have seen many crisis and risks that made many big and famous companies go bankrupt and vanish from our business world due to lack of Enterprise risk management. Those cascading risks and crisis and their impacts on businesses turned the table on the followers of the old though.

Did you hear about a company called Kodak?

Kodak dominated the Photography business for so long and it was manufacturing the films for the old cameras. Its films were the most famous and trusted ones in all studios all over the world. New digital cameras were introduced in the market which was a great competition “RISK” to “KODAK”. Kodak neglected that risk as they weren’t competent with Risk Management.

Guess what was the result?????

Kodak is not existing any more after dominating the whole world!

I bet you are not one of those people who used to say that “Risk Management” is not important, that’s why you are reviewing my course right now!

Congrats, you are on the right path to safeguard and secure your company’s assets and operations!

That course will teach you the whole cycle of Enterprise Risk Management step by step!

Topics Covered are:

– Nature and Causes of Risk

– Risk types

– Risk appetite & attitudes

– Importance & Effectiveness of ERM


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– ISO 31000

– COSO Framework

– Setting the context of ERM

– Risk identification / Event identification

– Risk assessment, Mapping, Analysis & Evaluation

– Risk Treatment, Actions & strategies

– Risk Communication and Reporting

– Monitoring, Reviewing & Documenting ERM

– Role of Insurance Companies in ERM

– ERM Information Systems & Software

– Credit Rating Agencies

-Real life ERM examples

I hope you will enjoy the course and can’t wait to start that journey with you!

English
language

Content

Introduction
Table of Contents
Course Introduction
Tutor Introduction
What You Expect Out of this Course
Nature and Causes of risks
Nature of risk
Natural causes of risks
Competition Causes
Change in Demand for the Product
Human Causes of Business Risk
Change in Government Policies
Mismanagement Causes
Cash Flow Causes
Employee-Related Issues
Risk Types
Introduction to Risk Types
Strategic Risk – (Kodak & Xerox)
Compliance Risk
Operational Risk
Financial Risk
Reputational Risk
Security and Fraud Risk
Economic Risk
Competition Risk
Physical Risk
Human Risk
Quick Wins
Don’t totally eliminate risk
Residual Risk and ALARP Concept
A contingency plan
The marketplace
Financing to start or continue a project
Labor disputes
KEY RISK INDICATORS (KRIs)
Case Scenario – Risks
Risk Appetites & Attitudes
How Much Risk is too Much Risk?
Risk Appetite
Risk Attitudes
Covid-19 is changing our Business!
Importance & Effectiveness of ERM
Importance of ERM
Effectivness of ERM
Let’s Communicate and come together!
Setting the context of ERM
Let’s start the hard work
ISO 31000 Framework
COSO Framework
First Assessment
Risk Identification / Event Identification
What is Risk Identification?
How to Identify Risks?
Hazard and Operability (HAZOP)
Risk Assessment, Mapping, Analysis & Evaluation
What is Risk Analysis?
Sources of Information & Risk Analysis Techniques
Risk Evaluation
Risk Treatment, Actions & Strategies
Risk Treatment
Risk Mapping
How To Apply and Choose Risk Treatment?
Assign Risk Ownership
Risk Communication and Reporting
Risk Communication
Risk Register
Importance of Risk Communication
Risk Management Reporting
Monitoring, Reviewing & Documenting Risk Management Process
Monitoring and Review
Measuring Risk Management Performance
Recording the Risk Management Process
ERM & Corporate Social Responsibility CSR!
CSR, Creative Accounting, and ERM
Corporate Social Responsibility CSR
Creative Accounting
Role of Insurance Companies in ERM
Role of Insurance Companies
Risk Pooling
How Insurance Works?
Insurable Risk vs Uninsurable Risk
ERM Information Systems & Softwares
Risk Management Information Systems
Benefits and Advantages of Risk Information Systems
Selecting Your Risk Management Software
Credit Rating Agencies
What Is a Credit Rating?
Factors Affecting Credit Ratings
Why Credit Ratings Are Important for Risk Owners?
Real Past Bankruptcies Due to Lack of Risk Management
Toys “R” Us (1948 – 2017)
Borders Co (1971 – 2011)
Compaq (1982 – 2002)
General Motors (1908 – 2009)
Investement Appraisal and ERM
Mergers and Acquisition and ERM
Areas to be Analyzed by ERM Team
Final Assessment
Multiple Lectures
Crisis Management
ERM & Covid-19
Covid-19 & Enterprise Risk Management
Wrapping Up and Conclusion
Wrapping Up and Conclusion
Wrap Up
Conclusion on ERM
Formats & PDFs Bank
Formats & PDFs Bank