Course Introduction

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Course Objectives

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Unit 1: Introduction to Enterprise Risk

10

Introduction

Objectives

Definition of Risks

Benefits of Implementing a Risk Management System in Organizations

Risk Categories

Causes of Risks in Organizations

Impact of Risks on Organizations

0

Financial Impact

Reputational Impact

Operational Impact

Legal and Regulatory Impact

Impact on Employees

Strategic Impact

Impact on Stakeholder Relationships

Roles and Responsibilities of Risk Management Stakeholders

Activity

Summary

Assessment

Unit 2: Risk Management Strategies

9

Introduction

Objectives

Risk Inventory

0

Definition of the strategy

Importance of Risk Inventory

Steps of Risk Inventory

Tools for Risk Inventory

Challenges of Risk Inventory

Inherent Risk Assessment

Risk Acceptance

0

Defining the Strategy

Risk Tolerance Assessment

Benefits of Risk Acceptance

Challenges of Risk Acceptance

Examples of Risk Acceptance

Risk Avoidance

Risk Transfer

Risk Reduction

Residual Risk Assessment

0

Importance of Residual Risk Assessment

Evaluating Residual Risk Levels

Examples of Residual Risk Assessment

Activity

Summary

Assessment

Risk Frameworks

5

Introduction

Objectives

COSO Framework for Enterprise Risk Management

The Five Components and Twenty Principles of the COSO Framework

0

Governance and Culture

Defining the Strategy and Setting Objectives

Performance Identification

Performance Review

Information, Communication, and Reports

ISO 31000 Standard

0

Defination of ISO 31000 Standard

Main Components of the ISO 31000 standard

Benefits of Implementing ISO 31000 Standard

Activity

Summary

Assessment

Course Summary