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Risk management course | Risk assessment, Risk analysis course | Princeton Academy

Why Attend

Enterprise Risk Management known as (ERM) has significantly evolved since the seventies. From simply ‘buying’ insurance, it has now evolved and grown in importance to become a prime function in many organizations. It is now part of a strategic and larger business function such as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the process of studying the risks that may hinder a corporation’s ability to achieve its goals and then deciding how to overcome these risks in the most resource effective manner. Studies regarding enterprise risk management were done by different global bodies, including ISO which issued ISO 31000 on risk management and COSO standard on ERM.

In this course we teach you the basic steps needed to identify and control risk factors. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needed to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations and financial as well as in different industries.

Course Methodology

The course is based on a workshop approach with combination of theory, presentations, explanations and practicals conducted by the faculty. It also includes a practical case studies in different industries and areas of the business.

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Course Objectives

By the end of the course, participants will be able to:

·       IIdentify the risks exposures  and their impact on operations, and the financial position of the company

·       Assess the situation and anticipate problems before they become a threat

·       Evaluate and improve Risk-Based Decision Making (RBDM)

·       Link risks and their potential costs with the business planning process

·       IIdentify a range of techniques that can be used to support management in making appropriate decisions

Target Audience

Managers, senior managers, directors, financial controllers, auditors and executives.

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Course Outline

·       Introduction

·       Risk perception

·       Why should we care about risk

·       The changing business environment

·       Risk Management and Corporate Governance

·       Introduction to corporate governance

·       GRC concept: governance, risk and compliance

·       GRC system: governance, risks and controls

·       Risk management as part of corporate governance

·       Governance failures

·       Risk based decision making

·       Risk Management and Corporate Control Environment

·       Risk management’s influence on designing internal controls

·       Risk-Based internal audit assessment of risk management performance

·       ERM and its Evolution

·       ERM evolution

·       ERM benefits

·       ERM platform

·       Strategic approach

·       Operations and tactics

·       Business reporting

·       Compliance and process

·       Risk Categories

·       Strategic risks

·       Reporting risks

·       Financial risks

·       Physical: life and safety risks

·       Compliance

·       To laws and regulations 

·       To financial reporting standards

·       Operations

·       External environment: socioeconomic, regulations, technology and competition

·       Internal environment: structure, processes and culture

·       ERM Components

·       Internal environment

·       Objectives setting

·       Event identification

·       Risk assessment:

·       The black swan challenge

·       Quantitative versus qualitative analysis

·       Risk response

·       Control activities

·       Information and communication

·       Risk monitoring

·       IImplementing ERM 

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Date: 22 December

Timings: 2:30 pm to 5:30 pm

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  • Fees: Rs. 3,500/- + 18% GST Per Person 
  • Please write to register@princetonacademy.co.in 
  • Call or WhatsApp on 9769963790 / 9769579090
  • Mention the name of participant, company, contact details.
  • You will Receive a Certificate of course completion
  • The course structure will be just like in the face to face workshops. 
  • All you need is an internet connection and a quiet, comfortable space for you