Advanced Crisis Management and Response Planning
25/10/2024Strategic Purchasing and Supply Management
25/10/2024Enterprise Risk Management (ERM) and Strategic Resilience
£4,000.00
Overview:
This course provides a practical framework for implementing ERM to enhance strategic resilience within organizations. It focuses on aligning risk management with organizational goals, fostering a proactive risk culture, and implementing risk assessment tools to support resilience against emerging challenges.
Program Objectives:
By the end of this program, participants will be able to:
- Integrate ERM practices with organizational strategy and decision-making processes.
- Develop and implement resilience strategies for known and emerging risks.
- Establish and promote a risk-aware culture within their organization.
- Use metrics and tools to assess, monitor, and report on organizational risks.
- Enhance compliance with risk management standards and frameworks.
Target Audience:
- Risk officers and analysts
- Compliance and governance managers
- Financial and strategic planners
- Operational managers
- Corporate executives and board members
Program Outline:
Day 1: Foundations of Enterprise Risk Management (ERM)
- Overview of ERM principles and frameworks (ISO 31000, COSO).
- The role of ERM in achieving strategic objectives.
- Identifying and categorizing risks across the enterprise.
- Establishing risk appetite and tolerance levels.
Day 2: Strategic Risk Assessment and Analysis
- Techniques for conducting a risk assessment (qualitative and quantitative).
- Integrating risk assessment with strategic and operational planning.
- Assessing external and internal factors impacting organizational risks.
- Identifying and prioritizing key risk indicators (KRIs) and metrics.
Day 3: Risk Culture and Governance
- Building a risk-aware culture: tools and strategies.
- Role of leadership and accountability in effective risk management.
- Aligning risk management with governance and compliance.
- Communication and training strategies for embedding a risk culture.
Day 4: Developing Strategic Resilience
- Designing resilience strategies for high-impact risks.
- Developing and implementing risk mitigation and contingency plans.
- Crisis simulation and stress testing for critical risk areas.
- Adapting resilience plans for dynamic risk environments.
Day 5: Monitoring, Reporting, and Continuous Improvement
- Implementing continuous risk monitoring and reporting systems.
- Best practices for risk documentation and transparency.
- Measuring risk management effectiveness with performance metrics.
- Continuous improvement in ERM through lessons learned and feedback loops.