Course Overview

This foundational Enterprise Risk Management (ERM) course provides a clear, practical introduction to managing risk across the organisation. Designed for professionals new to ERM or seeking a structured refresher, the course introduces internationally recognised standards, core risk concepts, and practical tools that support informed decision-making and effective governance.

Aligned with ISO 31000 and leading ERM best practice, participants gain a solid grounding in identifying, assessing, and responding to risks and opportunities in a consistent and disciplined way.

Who Should Attend

• Managers and supervisors
• Risk, compliance, and governance practitioners (new or developing)
• Internal auditors
• Project, operations, and finance professionals
• Anyone involved in identifying or managing organisational risk

Learning Outcomes

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

• Understand key risk management concepts and terminology
• Explain the purpose and value of Enterprise Risk Management
• Identify and categorise organisational risks
• Assess risks using qualitative tools
• Apply basic risk treatment and control strategies
• Contribute effectively to organisational risk registers and reporting

Course Structure (3 Days)

Day 1: Foundations of Risk Management

• Risk, uncertainty, threats, and opportunities
• Why ERM matters for performance and resilience
• Overview of ISO 31000 and ERM frameworks
• The risk management process (step-by-step)

Day 2: Risk Governance and Risk Assessment

• Risk governance, roles, and responsibilities
• Building a risk-aware culture
• Risk appetite, tolerance, and capacity (introductory level)
• Risk identification techniques and workshops
• Qualitative risk analysis using probability and impact matrices

Day 3: Risk Treatment, Monitoring, and Application

• Risk response options (Treat, Transfer, Terminate, Tolerate)
• Control types and examples
• Introduction to business continuity and incident response
• Risk monitoring and basic reporting
• Practical case study and risk assessment workshop

Learning Approach

• Instructor-led sessions
• Group discussions and practical exercises
• Real-world examples and simplified case studies
• Practical tools and templates for immediate use

Key Benefits

• Establishes a common risk language across teams
• Builds confidence in applying ERM fundamentals
• Supports consistent and structured risk management practices

Lays the foundation for advanced or specialist risk training