Enterprise Risk Management

This DIXONTECH course provides participants with a complete understanding of Enterprise Risk Management (ERM) frameworks, emphasizing the integration of risk strategy across organizational levels. It focuses on COSO ERM and ISO 31000 standards, equipping professionals to identify, assess, mitigate, and monitor strategic, operational, financial, and compliance risks. Delegates will develop the skills to create a resilient risk culture and design a robust governance structure that aligns with corporate objectives and performance excellence.

TRAINING TOPICS

• Fundamentals and Frameworks of Enterprise Risk Management

• Risk Identification, Assessment, and Evaluation

• Risk Response and Mitigation Strategies

• Risk Governance, Reporting, and Compliance

• Embedding ERM into Strategy, Culture, and Decision-Making

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Design and implement enterprise risk management systems

• Apply COSO and ISO 31000 standards effectively

• Conduct comprehensive risk assessments and evaluations

• Integrate ERM into strategic and operational planning

• Develop and monitor key risk indicators (KRIs)

• Build a risk-aware corporate culture

• Strengthen resilience and governance structures

TRAINING IS TAILORED TO:

• Risk Managers and Analysts

• Compliance and Audit Professionals

• Finance and Strategy Officers

• Senior Executives and Board Members

• Project and Operations Managers

• Governance, Risk & Compliance (GRC) Specialists

• Internal Control and Assurance Officers

TRAINING METHODOLOGY

This interactive DIXONTECH program combines case studies, workshops, and real-time simulations. Participants engage in risk mapping, heat map analysis, and ERM maturity assessments. The course uses practical tools, group discussions, and scenario-based exercises to ensure participants can apply ERM frameworks directly to their organizational contexts.

DAY 1

Introduction to Enterprise Risk Management

• Definition, objectives, and evolution of ERM

• Understanding organizational risk context and appetite

• Key differences between ERM and traditional risk management

• Overview of COSO and ISO 31000 frameworks

• Components of an effective ERM system

• Risk governance and leadership responsibilities

• The importance of risk culture in organizations

DAY 2

Risk Identification and Assessment Processes

• Systematic approaches for identifying enterprise risks

• Risk categorization: strategic, operational, financial, and compliance

• Methods of qualitative and quantitative risk assessment

• Risk scoring, rating, and ranking methodologies

• Developing and interpreting risk matrices

• Identifying interdependencies between risk factors

• Creating and maintaining a corporate risk register

DAY 3

Risk Mitigation and Control Strategies

• Designing and implementing risk mitigation plans

• Risk response strategies: avoid, transfer, accept, or reduce

• Aligning risk treatment with organizational objectives

• Developing and applying control measures

• Using Key Risk Indicators (KRIs) and Key Control Indicators (KCIs)

• Linking risk management with internal control systems

• Communicating risk response plans effectively

DAY 4

Risk Governance, Monitoring, and Reporting

• Governance structure and board-level risk oversight

• Integrating ERM into compliance and assurance programs

• Risk monitoring tools and continuous improvement cycles

• Risk dashboards, heat maps, and scorecards

• Designing risk reporting templates for senior management

• Embedding risk ownership across departments

• Developing transparent risk communication channels

DAY 5

Embedding ERM into Strategy and Decision-Making

• Linking ERM to corporate strategy and objectives

• Building a sustainable risk management culture

• Integrating risk into business continuity and resilience planning

• Aligning ERM with ESG and sustainability goals

• Case study: implementing an enterprise-wide ERM framework

• Measuring ERM maturity and performance indicators

• Future trends in enterprise and strategic risk management