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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
- Start-up Equity and Cap Table Basics
- Understanding Performance-Based Equity Awards
- Accounting 101: How To Do Basic Accounting In One Hour
- Learn Finance Principles in 1 Hour
- Financial Modeling Using Excel
- The Evolution of a Great Spreadsheet Report - How to Effectively Present Numbers in the Business World
- Creating a Winning Pitch for Venture Capital Investors
- Venture Capital Valuation Analysis Method
- Enterprise Risk Management 101
- 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
Last updated/reviewed: October 26, 2018
79 Reviews (254 ratings)Reviews
Dave Cytlak
(Chief Financial Officer at Blanchard Valley Health System)
Provided a solid conceptual basis. At times it seemed like some of the concepts were redundant or overlapped. I wonder if the same knowledge base would have been achieved in lesser slides or time but overall was a beneficial course
Lawrence DeParis
(Founder & CEO at C-Level Solutions LLC)
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.
K Harper
( at JLL)
GOOD OVERVIEW FOR ORGANIZATION AS A WHOLE
Anonymous
(cfo - consultant)
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.
Hyoe Nakagiri
(Senior Manager, Internal Audit at Oclaro, Inc.)
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.
Pamela Blikstad
(CFO at Medical Teams International)
Course provided good information and a strong overall view of Enterprise Risk Management. Presentation was somewhat dull and would have been helped by presenting real-life examples.
Anonymous
(Accounting Supervisor)
Was very vague. I understand that this is an introductory course, but the only actionable item I might take from this course is to have my budget managers do a risk assessment.
Anonymous
(-)
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.
Karol-Ann Keenan
( at Tervita)
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.
Wendi Finn
View Instructor 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.
Peter Addison
(Security Consultant at Capgemini)
Just enough but maybe some visual examples of Risk Tolerance and Risk Appetite would further understanding, otherwise a great start to the subject.
Keith Johnson
(Director SOX Compliance at Waterjet Holdings)
As with all of Lynn's courses, the topic was well articulated, segmented, and explained with enough detail to fully understand the complexity.
Jennifer Pawliw
(Associate Auditor at Berkshire Bank)
great information, feel as though alot of info was redundant and again exam questions asked things that were not directly covered in slides.
Anonymous
(Senior Manager, Financial Planning)
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.
Erik Schendel
(Controller at Harry & David)
This provides a good introduction to ERM, it provides a great introduction of where to start and what the overall goals should be for ERM.
Anonymous
(Senior Internal Auditor)
The course briefly stated the importance of ERM and emphasized that it is an activity that involves all levels of an organization.
Tai Whaley
( at Infrastructure Engineers)
This webinar was thought provoking with regards to risk and formalizing the risk assessment processes within the organization.
Izabela Skrzek
(Director of Finance at Quarry Integrated Communications Inc)
Overall, a very informative presentation. However, this material could have been condensed in 45 min. A lot of repetition.
Sylvia Ratliff
(internal audit consultant at self employed)
Well planned presentation and very thorough. Enjoyed the informal, broad approach to the subject of Risk Assessment.
Anonymous
(Senior Director - Revenue Management)
This was a good initial session / introduction on ERM. It simply was the right place to start before jumping in.
Janae Dacut, MBA, CIA
(Auditor at Kaiser Permanente)
Very informative course, I learned a lot about ERM and definitely was able to apply it to my own organization.
Anonymous
()
The material is organized in a very coherent way. The examples are concrete and clear. Capturing presentation!
Kevin Murray
(Manager of Finance at NYSTRS)
This is a good overview of risk management, ideal for someone with little knowledge of the function of ERM.
Anonymous
(Not Provided)
This course covers the basics on enterprise risk management and how an entity can create a plan to manage.
Anonymous
(Head of Global Business Assurance)
Course was not overly academic and aligned with how ERM frameworks are actually implemented effectively.
Jeff Nelson
( at A.O. Smith Corp.)
Stated learning objectives were met. Stated learning objectives were met. Time allotted to the learning.
Anonymous
(Senior Auditor)
Good course, good overall summary and refresher. I enjoyed how the information was presented overall.
Veronica Liles
(Audit Director at Simmons Bank)
This was a good summary of ERM. I liked the very clear comparison of risk appetite vs risk tolerance.
Bryan Baker
(- at DOJ)
Great introduction into ERM that outlines the overall function, purpose, and steps to implement ERM
Anonymous
(Supervisor)
Easy to understand and delivered in a way which establishes a base for considering risk management.
Carlinton Clarke
(- at Duca)
great and informative course. I now understand the difference between risk appetite and tolerance.
Anonymous
(Accounting Manager)
A great introduction to Enterprise Risk Management. The course is very informative and structured.
Brian Donovan
(Supervisor, RAS at RSM)
Well organized and easy to follow. Instructor was great and presentd in line with expectations.
Quentin Johns
(Financial Consultant at DLC Group)
Provides a great starting framework for enterprise risk planning. Easy to follow and understand.
Andrew Hoffmanns
(Audit Manager at North Caspian Operating Company N.V. (NC..)
A good introduction to ERM. I like to integrated approach to ERM that is advocated in the course.
Anonymous
(-)
Good course. It would be helpful to know the answers to questions that we got wrong in the exam.
Peter Abader
(- at BMO)
nice and easy to follow ... good introduction to those who are not specialized in Risk Management
Anonymous
(CFO)
Good overview of the concept of ERM. Also good discussion on integration within an organization.
Sergey Bulychev
(internal auditor at Transneft Finance LLC)
Отличный курс. Все понравилось. Автор эффективен!
Mercedes Watkins
(Chief Strategist at Meveau)
The instructor was clear and concise in her discussion of enterprise risk management.
Anonymous
(-)
Well-presented discussion of ERM theory and practical components. Excellent course!
Anonymous
(Senior Associate)
This course was great, it was very helpful to learn about the basics of ERM.
Anonymous
(Risk Advisory Services)
Helpful course in explaining the ERM process. High level course offering.
Anonymous
(VP, Finance)
good presentation and overview of a topic that can be dull, well organized
Jan Laudenbach
View Instructor Profile
This course is creating a great overview about Enterprise Risk Management.
Anonymous
(Program Management)
Very helpful course for those who wanted to pursue and implement an ERM.
Monte Smith
(Chief Financial Officer at Gerding Companies, Inc)
Good overview. Essential introduction for those new to risk management
Antonio Crawford
(Senior Internal Auditor - Budget/Busines.. at Individual)
It was a great course, very practical which it makes it very useful.
Anonymous
(Senior Internal Auditor)
This was a good refresher about what ERM is and what it comprises.
Anonymous
(Director, Governance)
Great course with lots of ERM information and examples to follow.
Anonymous
(Manager)
It was a well thought out course and with interesting material
Anonymous
()
This is a really good course! A great introduction to ERM.
Anonymous
(Not Provided)
Now I know what my short "elevator speech" on ERM should be.
This is a good start to have better understanding about ERM
Jennifer Bor
(Sole Practitioner at Accounting and Business Management Consu..)
works for what i need to renew my cpa and cia licenses.
Naoko Kuge
(Internal Auditor/ Internal Control offic.. at Kyocera document solutions Europe)
it was difficult to listen (used highest volume of PC)
Anonymous
(Controller)
Very good broad overview of effective risk management
Anonymous
(Internal Controls Manager)
interactive and fun training with nice ERM framework
Raul Cardona
(Senior IT Internal Auidtor at The Cosmopolitan of Las Vegas)
Great Course on Risk Management. Well put together.
Alexander Makielski
( at Pero)
Nice summation of high-level risk analysis process
Simon Adell
(Chief Financial Officer at Undisclosed)
An excellent, thorough overview of the topic.
Wayne Burns
(CFO at Steve's Livestock Transport)
Poor slide layout. Lack of visuals
Gwen Clemings
(Production Revenue Accountant at Repsol)
Well organized and easy to follow.
James Rose
(SR Manager Internal Audit at Southwestern Energy)
Well organized. Good overview.
Terri Salazar-Rodriguez
(None at None)
Excellent introduction to ERM.
Prasanna Thiruvenkatachari
(Assistant Controller at Style Asia Inc.)
Well presented concepts.
Paul Phillips
(Finance at None)
Well done. Easy to follow
Cherie Ergle
(-Audit Manager at SC State Fiscal Accountability Authority)
A good overview of ERM
Anonymous
(Audit Supervisor)
Flow of information
Charles Elwis
(None at none)
Clear and concise
Anonymous
(-)
Very good course
Sophia Kasozi
(- at City of Edmonton)
Good refresher.
Anonymous
(President)
Very concise.
Anonymous
(-)
Great course.
Kenneth Hopkins
(Senior Financial Analyst at The University of Texas Health Science C..)
Excellent...
Nathaniel Hatten
(Vice President - Risk & Control Mana.. at JPMorgan Chase & Co.)
Great!
Anonymous
(Director - Transaction Services)
Good.
Anonymous
(Sr. Director - Corporate Audit)
Good
Jacob Petersen
(Staff Accountant at UnityPoint Health)
na
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 .