Enterprise Risk Management

An Integrated Approach to Managing Strategic Opportunities and Risk

A Two-Day Seminar

Enterprise risk management (ERM) is not just about making sure things don’t go wrong; it is a systematic approach to making sure that things go right so that your business will achieve sustainable success

You Will Learn How To:

• Apply the COSO framework to ERM
• Establish a critical link between strategic planning and risk management
• Assess your organization’s strategic risks and opportunities
• Embed risk management into your organization’s processes
• Leverage existing risk management in deploying your ERM solution
• Monitor performance with a risk-oriented balanced scorecard

Act Now! Enroll Your Key Leaders Today!

Who Should Attend:

• Manger and leader responsible for strategic and/or risk management decisions
• C-level leader who needs to launch an ERM solution that is tailored to the realities of his or her business
• Manager or director accountable for both operational performance and achieving strategic objectives
• Executive, manager or auditor accountable for controls

Enterprise Risk Management: Focusing on business results

Risk management has been thrust into the headlines in recent years because of the fantastic failures of brand-name firms. In response, new standards, procedures and software programs are popping up to control every aspect of business risk. These bottom-up approaches will have some benefits but will also be very costly…and potentially miss the biggest payback from ERM:

Successful execution of strategic plans

As the old saying goes, All management is risk management. Siloed and specialized attempts to contain risk are tedious and ultimately ineffective. Hence, enterprise risk management (ERM). ERM is not a management fad or compliance function; it is a component of strategic management and operational management that helps your organization avoid pitfalls as it successfully implements its vision.

This practical two-day seminar will clearly explain how to create an ERM system for your organization. Building off the COSO (Committee of Sponsoring Organizations) framework, Enterprise Risk Management delivers a step-by-step process to:

• Balance opportunity and risk when setting strategic objectives
• Determine the appropriate risk tolerances for specific objectives
• Identify events that can undermine strategic objectives or the organization as a whole
• Integrate the oversight of strategy deployment and risk via the balanced scorecard

Enterprise Risk Management will also help your organization avoid missteps that have plagued many organizations as they implement ERM, namely:

• Investing in new, unnecessary risk functions or processes
• Taking a bottom-up approach to monitor the million things that can go wrong
• Developing overly complex risk assessments
• Treating ERM as the end rather than the beginning

These approaches add cost and frustration, and ultimately sub-optimize risk management. Risk is contained at the granular level without delivering the strategic results your organization needs.

Gain The Skills You Need To Make ERM Work For Your Organization

True enterprise risk management provides cross-functional control and compliance; it also supports big picture results. This practical, how-to-do-it seminar will arm you with the knowledge you need to simultaneously explore strategic opportunities and their accompanying risks; to clarify your risk philosophy across the organization; to ensure entity-level controls align with corporate goals; and to improve the probability that key strategic objectives will be achieved.

Act Now! Enroll Your Key Leaders Today!

Day One

1. Introduction

1. What is Enterprise Risk Management?
2. What is the Balanced Scorecard?
3. The critical link between strategy and risk
4. Examples
5. The strategic process

Day Two

1. Generating key strategic data
2. Performing a Risk Assessment

1. Who is involved
2. How to gather the data
3. Defining Risk Tolerance and threshold
4. Pulling it all together, selecting the biggest risk