Developing an Effective Enterprise Risk Management (ERM) Programme

This three-day training course focuses on the application of the basic risk management principles to all risks facing an organization. In today’s turbulent and uncertain business environment, there is no organization that is safe from risk. Even if a disaster strikes an organization or unplanned market debacles, bankruptcies, terrorist attacks and natural disasters occurs, companies are expected to increase their profitability and hit expected earnings. Enterprise Risk Management (ERM) can be use to manage risks. It is the application of the basic risk management principles to all risks facing an organization.

Enterprise Risk Management (ERM) is the application of the basic risk management principles to all risks facing an organization. ERM integrates hazard, financial, strategic and operational risks under a single framework. ERM is becoming an important issue partly as the result of the Corporate Governance and Sarbanes-Oxley Act of 2002 requirements that puts greater responsibility on the Board of Directors for managing all an organization’s risks.

Thus, ERM is a matter of future survival of a company in an increasingly complex world. The participants will be able:
1.Understand the practical aspects of ERM and how it can be used to enhance key business decisions.
2.Describe the main elements of risk management and how to apply them.
3.Establish basic framework of enterprise risk management and understand that the key to ERM is delivering value that is understood and makes a difference to bottom line, brand, survivability.