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This course covers the basic concepts of Enterprise Risk Management and important elements that finance executives and personnel need to be aware of when implementing ERM across their company. 

In today’s world of evolving technologies and businesses, companies are taking on increasing levels of risk. This initiative has increased companies’ needs to employ appropriate Enterprise Risk Management (ERM) tactics in order to monitor and manage risk at the proper levels. In a world of do more at a faster pace, it is important for companies to manage their activities in a manner that can allow them to align risk strategies with overall risk management and internal control activities. Inability to do this may put the company at risk for not being able to meet strategic objectives.

ERM is an initiative important to all aspects of the office of the CFO. Managing risk includes all levels of financial, operational and compliance risk. Standard stated benefits of ERM include: Increased competitive advantage, increased likelihood of achieving strategic objectives and ability to meet increased stakeholder expectations, improved governance and increased likelihood of meeting regulatory and compliance expectations.

From the enterprise risk management training, you will come away from this course with a fuller understanding of ERM, how it fits in most companies and what the office of the CFO can do to ensure ERM works well and effectively protects the company without stifling growth.

Course Series

This course is included in the following series:

10 CoursesFinance for Entrepreneurs

  1. Start-up Equity and Cap Table Basics
  2. Understanding Performance-Based Equity Awards
  3. Accounting 101: How To Do Basic Accounting In One Hour
  4. Learn Finance Principles in 1 Hour
  5. Financial Modeling Using Excel
  6. The Evolution of a Great Spreadsheet Report - How to Effectively Present Numbers in the Business World
  7. Creating a Winning Pitch for Venture Capital Investors
  8. Venture Capital Valuation Analysis Method
  9. Enterprise Risk Management 101
  10. The IPO Preparation Process - Preparing a Company to Access the Public Markets

7 CoursesFinance for Non-Finance Professionals

  • Accounting 101: How To Do Basic Accounting In One Hour
  • Accounting Review: The Basics of Debits and Credits
  • Accounting Review: Overview of Financial Statements; P&L, Balance Sheet, and Cash Flow
  • Learn Finance Principles in 1 Hour
  • Enterprise Risk Management 101
  • Module Three in Financial Intelligence: The 4 Financial Ratio Classifications – Back to Basics Series
  • Module Four in Financial Intelligence: Cash vs. Profit and Working Capital Strategies – Back to Basics Series

Learning Objectives

  • Discover the purpose and definitions of Enterprise Risk Management (ERM)
  • Identify the right sized ERM to meet company objectives
  • Discover how to establish a Framework for ERM
  • Identify the roles, responsibilities, and accountabilities for ERM

46 Reviews (131 ratings)Reviews

4
Member's Profile
Good overview of ERM concepts. Presented in an easy-to-understand manner. Liked that it was was described as an ongoing process that does not require as rigid an approach as I would have expected.
4
Anonymous Author
ERM is an initiative important to all aspects of the office of the CFO. Managing risk includes all levels of financial, operational and compliance risk. Great resource for Risk Management.
5
Member's Profile
Provides a very clear picture of what ERM is and what it is not. Excellent foundation for my internal audit group as we consider how we can contribute to the company in this respect.
5
Anonymous Author
This was great information as my company is currently in the process of implementing ERM. It helps to put into perspective why this effort is so beneficial.
4
Member's Profile
I really enjoyed this course, it was a very good introduction to the concept of Enterprise Risk Management and how best to apply it in your organization.
4
The course was a good summary of what ERM is, however, I would have liked to walk away with a "starting point" or template of objectives to consider.
5
Member's Profile
As with all of Lynn's courses, the topic was well articulated, segmented, and explained with enough detail to fully understand the complexity.
5
Anonymous Author
Very good overview of ERM. A case study or two to illustrate these concepts would be helpful, but that may part of the subsequent course.
4
Anonymous Author
The course briefly stated the importance of ERM and emphasized that it is an activity that involves all levels of an organization.
3
Member's Profile
Overall, a very informative presentation. However, this material could have been condensed in 45 min. A lot of repetition.
4
Anonymous Author
This was a good initial session / introduction on ERM. It simply was the right place to start before jumping in.
4
Member's Profile
Very informative course, I learned a lot about ERM and definitely was able to apply it to my own organization.
4
Member's Profile
This is a good overview of risk management, ideal for someone with little knowledge of the function of ERM.
5
Member's Profile
Great introduction into ERM that outlines the overall function, purpose, and steps to implement ERM
5
Member's Profile
great and informative course. I now understand the difference between risk appetite and tolerance.
4
Member's Profile
A good introduction to ERM. I like to integrated approach to ERM that is advocated in the course.
4
Anonymous Author
Good course. It would be helpful to know the answers to questions that we got wrong in the exam.
5
Anonymous Author
Good overview of the concept of ERM. Also good discussion on integration within an organization.
4
Anonymous Author
Well-presented discussion of ERM theory and practical components. Excellent course!
5
Anonymous Author
good presentation and overview of a topic that can be dull, well organized
4
Member's Profile
It was a great course, very practical which it makes it very useful.
4
Anonymous Author
This is a really good course! A great introduction to ERM.
5
Anonymous Author
Now I know what my short "elevator speech" on ERM should be.
5
Member's Profile
This is a good start to have better understanding about ERM
5
Member's Profile
it was difficult to listen (used highest volume of PC)
5
Member's Profile
Great Course on Risk Management. Well put together.
4
Member's Profile
Nice summation of high-level risk analysis process
5
Member's Profile
An excellent, thorough overview of the topic.
3
Member's Profile
Poor slide layout. Lack of visuals
5
Member's Profile
Well organized and easy to follow.
5
Member's Profile
Well organized. Good overview.
5
Member's Profile
Excellent introduction to ERM.
5
Member's Profile
Well presented concepts.
5
Member's Profile
Well done. Easy to follow
4
Member's Profile
A good overview of ERM
4
Anonymous Author
Flow of information
5
Member's Profile
Clear and concise
4
Anonymous Author
Very good course
4
Member's Profile
Good refresher.
5
Anonymous Author
Very concise.
5
Anonymous Author
Great course.
5
Member's Profile
Excellent...
5
Member's Profile
Great!
4
Anonymous Author
Good.
4
Anonymous Author
Good
5
Member's Profile
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Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
Enterprise Risk Management 101
  7:47Foundation Concepts
  12:34Embracing ERM
Business Risk Appetite
  2:08Risk Appetite vs Risk Tolerance
  5:39Risk Appetite
  8:58Risk Tolerance and Risk Appetite Considerations
  8:07Risk rating appetite
Team Work
  4:02ERM Framework
  4:14Establishing a Team
  4:58Roles & Responsibilities
  3:59Where to Start
CONCLUSION
  16:56Risk Awareness
Continuous Play
  1:24:44Enterprise Risk Management 101
SUPPORTING MATERIALS
  PDFSlides: ERM 101
  PDFERM 101 Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM