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Enrolled:
174
Duration: 2 Hours
Level: Foundational
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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 Collections

This course is included in the following Course Collections:

8 CoursesFundamental Skills for Enterprise Risk Management

10 CoursesFinance for Entrepreneurs

7 CoursesFinance for Non-Finance Professionals

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

32 Reviews (90 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.
4
Member's Profile
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.
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
This is a good overview of risk management, ideal for someone with little knowledge of the function of 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.
5
Anonymous Author
good presentation and overview of a topic that can be dull, well organized
4
Anonymous Author
This is a really good course! A great introduction to ERM.
5
Member's Profile
This is a good start to have better understanding about ERM
5
Member's Profile
Great Course on Risk Management. Well put together.
4
Member's Profile
Nice summation of high-level risk analysis process
3
Member's Profile
Poor slide layout. Lack of visuals
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

Prerequisites

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 ext. 106, 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