Enterprise Risk Management

Learning Contents

1. Context of enterprise risk management

• Principles and nature of risk management and enterprise risk management
• Risk management process
• Risk management responsibilities and role of risk manager

2. Risk identification and assessment

• Techniques like checklists, matrices, flow charts, HAZOPs, etc.
• Risk appetite and tolerance, psychology of risk
• Prioritisation and ranking risk

3. Risk treatment techniques, including risk transfer and financing

• Various Risk control plans and techniques including physical damage, liability, product, financial, etc.
• Internal, external concerns
• Evaluation of risk control options, including cost-benefit analysis

4. Risk monitoring and review

• Risk management and integrated management within the strategic planning process
• Management of risks across the organization
• Stakeholder management

5. Strategy for driving enterprise risk management

• Corporate governance including Sarbanes Oxley and ERM standards
• Formulate effective risk management frameworks for monitoring and review
• Business contingency planning, crisis management, disaster recovery planning, etc.