Introduction to Enterprise Risk Management

• Understanding Risk and Uncertainty in Modern Organizations
• Importance and Benefits of ERM
• Key ERM Terminologies and Risk Categories
• Overview of ISO 31000 and COSO ERM Frameworks
• The Role of Risk Appetite and Risk Tolerance
• Case Study: ERM Failures and Lessons Learned
• Group Exercise: Identifying Risks in Your Organization

Risk Governance and ERM Frameworks

• Risk Governance Structures and Roles (Board, Risk Committee, CRO)
• Risk Management Policy, Strategy, and Charter
• Building a Risk-Aware Culture
• COSO ERM Components: Governance, Culture, Strategy, Performance
• ISO 31000 Process: Risk Identification to Monitoring
• Embedding ERM into Strategic Planning and Decision-Making
• Workshop: Assessing the Maturity of Your ERM Program

Risk Identification, Analysis & Evaluation

• Risk Identification Techniques: Brainstorming, Interviews, Checklists, SWOT
• Risk Registers and Categorization Models
• Qualitative vs. Quantitative Risk Assessment
• Risk Impact and Likelihood Scales
• Risk Evaluation and Prioritization (Risk Matrix, Heat Maps)
• Scenario Analysis and Stress Testing
• Practical Exercise: Build a Risk Register for a Sample Project

Risk Treatment, Controls, and Monitoring

• Risk Response Strategies: Avoid, Reduce, Transfer, Accept
• Control Design and Effectiveness Testing
• Integration with Internal Audit and Compliance Functions
• Key Risk Indicators (KRIs) and Risk Dashboards
• Reporting and Communication of Risk Information
• Risk Monitoring and Continuous Improvement
• Simulation: Responding to a Strategic Risk Scenario

Embedding ERM and Business Resilience

• Integrating ERM with Business Continuity and Crisis Management
• Linking ERM to Performance and KPIs
• Common ERM Pitfalls and Challenges in Implementation
• Risk Culture Assessments and Engagement Techniques
• ERM Automation Tools and Technology Solutions
• Final Group Exercise: ERM Strategy and Implementation Roadmap
• Wrap-up, Course Review, and Action Plan Development