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

5 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
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: March 11, 2024

Included In Certifications

This course is included in the following Certification Programs:

15 CoursesManagement Oversight, Analysis and Internal Controls Certification

  1. Management Internal Control Essentials
  2. Comprehensive Examination of COSO 2013: Components and Principles
  3. Keys to an Effective Code of Conduct
  4. Fraud Risk Assessments
  5. Enterprise Risk Management 101
  6. Identifying and Implementing the Proper Balance of Internal Controls
  7. Information Technology (IT) Controls in Emerging Business Environments
  8. Analyzing Financial Ratios - Solvency, Liquidity and Debt
  9. Analyzing Financial Ratios - Leverage
  10. Effectively Managing and Controlling Travel and Entertainment (T&E) Expenses
  11. Keys to Understanding Conflicts of Interest
  12. Documentation Methods For Internal Control Processes
  13. Segregation of Duties for Core Business Processes
  14. Professional Skepticism - Keys to Maintaining
  15. Whistleblower Hotlines - Effective Management
185 Reviews (764 ratings)

Reviews

5
Member's Profile
Excellent overview/refresher of ERM concepts. I enjoyed Lynn's conversational style and practical insights from her own experiences with ERM. She emphasizes approaching ERM from a holistic, integrated mindset, focusing on benefits/outcomes and right-sizing the program for the organization. The course provides a good foundation of concepts and terms in an easy to follow format. Looking forward to the next class.

5
Anonymous Author
This course provided a nice overview on establishing what Enterprise Risk Management is and defining its concepts on integrating a Company wide process through the alignment of process level risk tolerances with the Company's defined risk appetite. The course then dives into the appropriate framework for a sound risk management program and provides ground level information on where to begin.

5
Anonymous Author
I have taken multiple courses taught by Lynn Fountain and find her to be one of the best at providing educational information in a consistent, clear and concise manner. This topic is no exception, and provides a great overview to the organizations risk management process. I am now heading to the Risk Management II module.

5
Anonymous Author
This course provided a good high-level overview of the enterprise risk management concepts. I particularly enjoyed the dialogue around differences between risk appetite and risk tolerance. The instructor provided effective course materials to reiterate key concepts, which aligned nicely with the presentation.

4
Anonymous Author
The course provides a good definition of the ERM process overall. It covers many of the same items that I have seen before which was easy to follow; however, what I would like to see are examples of how each of these would be applied in a real business case. This would be helpful to bring it all together.

5
Anonymous Author
Enterprise Risk Management (ERM) is a strategic approach to identifying, assessing, and managing risks within an organization. It involves a comprehensive framework and processes that enable businesses to proactively address potential risks that may affect their objectives and overall performance.

5
Member's Profile
Your courses have all been so wonderful, so informational, and so thorough--in short, greatly appreciated by me! Thank you for sharing your expertise, your wealth of knowledge, your inclusion of examples! I have greatly enjoyed reading and listening to all of your lectures thus far.

4
Anonymous Author
Not a bad class. It is interesting when the presenter provides some real-work examples. She clearly has experience in this area and in comes through in her presentation. I plan to take the next level module to which she refers if time permits.

4
Anonymous Author
Good overview and introduction of ERM. Presenter is very clear and concise and gives good examples and explanations. The foundational concepts were clear as to strong vs comprehensive or massive. Great bullet points, very organized.

5
Anonymous Author
Meaningful insight into the "right-sizing" concept of ERM, but also a great revisit to understanding how ERM is not only concerned about mitigating business risks but also a tool to enable balancing risk with returns. Thank you Lynn!

4
Member's Profile
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

3
Anonymous Author
Good overview of ERM. Especially if one does not have a good understanding of the concept outside of the requirements for financial reporting. Instructor could have use fewer corporate “buzz” words and been more engaging.

5
Member's Profile
Lynn, you did a great job in communicating in this course. i got 100% on the final exam. So nice to be mentored by such a passionate and competent instructor. thank you. i recommend this course. Larry

5
Anonymous Author
As always, Ms. Fountain does such a great job in presenting her topics by providing organized slides and examples to make her points. This course provides a great starting point in starting an ERM program.

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
This course provides a basic understanding of what Enterprise Risk Management is and why it is important. This course also explains how to incorporate Enterprise Risk Management into any business.

4
Anonymous Author
The course was very informative as I learned a lot about risk appetite and risk tolerance. The course was very well structured and not overwhelming. I like that the course was broken into videos.

5
Member's Profile
GOOD OVERVIEW FOR ORGANIZATION AS A WHOLE

5
Member's Profile
I think the instructor did a great job at explaining all the risk departments and areas that need to be address, some I never thought about. This is a great course to really learn about ERM.

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
Anonymous Author
I wanted to learn about ERM and thought this course would be interesting. I always like what Lynn teaches and find it very informative. I recommend her classes to everyone I work with.

4
Member's Profile
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.

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
Great overview of the ERM process. Something that is important for all organizations to understand and do. This is not a check the box thing, it is something to be taken seriously.

2
Anonymous Author
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.

4
Anonymous Author
I enjoyed how the instructor incorporated real life examples to her teachings. Being able to view the PowerPoint Presentation was helpful to go through as she was instructing.

5
Anonymous Author
This course was very informational and contemporary. The material was well thought out and was easy to follow. The Instructor was knowledgable and explained things well.

5
Anonymous Author
Great primer course. Hit on the fundamental framework topics that one would want covered when setting out to establish an ERM competency/activity within an organization.

5
Anonymous Author
This course is an excellent introduction to ERM. It provided the basic ideas and principles behind ERM. The instructor did a good job in explaining the ERM process.

5
Anonymous Author
This course was refreshing. The instructor was effective in communicating the various topic within the course. The time allotted for the course was also sufficient.

5
Anonymous Author
Another great course from Lynn. A very good introduction course if you need to take a more focused one. Also, very good for refreshing the existing knowledge.

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.

5
Anonymous Author
Great course. It went in-depth about the goals and objectives of setting up an ERM system and the items to be kept in mind while attempting to do so.

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
Just enough but maybe some visual examples of Risk Tolerance and Risk Appetite would further understanding, otherwise a great start to the subject.

4
Anonymous Author
This course provided a good high-level overview of the enterprise risk management concepts. Lynn does a great job at communicating in this course.

5
Member's Profile
This was an informative course and helpful in understanding the basics of risk management and actioning an ERM governance framework. Thank you!

5
Anonymous Author
Good overview of Enterprise Risk Management to help a beginner auditor understand concepts and roles played by various levels of the company.

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
This 101 level course on Enterprise Risk Management is a great resource. It provides all the essentials to start a conversation in my office.

3
Member's Profile
great information, feel as though alot of info was redundant and again exam questions asked things that were not directly covered in slides.

5
Anonymous Author
Good reminder for how ERM should be structured. Too often this is not the case, which is why ERM isn't always as successful as it should be.

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.

5
Member's Profile
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.

4
Anonymous Author
I enjoyed the course. It covers a lot of information that needs to be considered and addressed in establishing an ERM committee and team.

5
Anonymous Author
A nice refresher on Enterprise risk management. A reminder that the whole organization needs to have this embed awarness throughout.

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.

5
Anonymous Author
Very nice overview of the content. Instructor was easy to follow. Relevant information for an entire company, not just finance.

4
Member's Profile
This webinar was thought provoking with regards to risk and formalizing the risk assessment processes within the organization.

5
Anonymous Author
Great material on the basic concepts of ERM. Presenter was easy to understand and communicated the material in a logical format.

3
Member's Profile
A good review of the basic definitions and concepts along with some best practices. No surprises, but did what it needed to do.

5
Anonymous Author
Gives good insight in beginning to implement a risk management program. Help highlight the need to bring in the whole company.

3
Member's Profile
Overall, a very informative presentation. However, this material could have been condensed in 45 min. A lot of repetition.

5
Anonymous Author
The content was very helpful and relevant to me - its something very important that does not always get a lot of attention.

5
Member's Profile
Outstanding Class! I have been implementing ERM for the past 8 months and this course solidified my knowledge! Thank you!

5
Member's Profile
Good course on Enterprise Risk Management, it goes over the need to have quality ERM in place and the key players involved.

5
Anonymous Author
very useful and meaningful course. it's highly recommended for professionals to take it. it highlights key points about ERM

4
Anonymous Author
The course explains the concepts relating to enterprise risk management. Recommend to professionals in risk related roles.

5
Anonymous Author
Good foundation for ERM including information on risk appetite and tolerance, team work, roles and responsibilities etc.

5
Member's Profile
Great introductory course. I liked that the content was not too overwhelming volume wise for the time of the lecture.

5
Anonymous Author
It was an interesting lesson on the basics of ERM principles and how to establish a good team to accomplish ERM goals.

5
Member's Profile
Well planned presentation and very thorough. Enjoyed the informal, broad approach to the subject of Risk Assessment.

4
Anonymous Author
This is a good overview of ERM for those who are not familiar. I have a much better idea of how to execute one now.

5
Anonymous Author
Appreciate the instructor's guide through 101 level Enterprise Risk Management. Solid refresher on risk management.

4
Anonymous Author
Great initial overview of enterprise risk management. A lot of food for thought of items to apply in the workplace.

5
Anonymous Author
I enjoyed this course because it was very applicable, relatable and relevant. Thank you for putting this together.

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
Anonymous Author
CISA and CPA's would both benefit. I learned a lot about ERM and why it is very important for an organization.

5
Member's Profile
Straightforward and informative course. I liked it where I was able to test my knowledge and refresh my memory.

5
Anonymous Author
The material is organized in a very coherent way. The examples are concrete and clear. Capturing presentation!

4
Member's Profile
Great, actionable introduction to ERM with practical suggestions with respect to setting up nandnERM function.

5
Anonymous Author
The course covered the basics of an ERM function and where the foundation begins in a corporate environment.

5
Member's Profile
This course was very effective at delivering the ideas needed to be a more effective leader, and professional.

5
Member's Profile
Well though-out presentation. However, one or two real-life example may be included for better understanding.

4
Member's Profile
This is a good overview of risk management, ideal for someone with little knowledge of the function of ERM.

5
Anonymous Author
This was fantastic! I enjoyed the whole course and was able to grasp the concepts that I can use on the job!

4
Anonymous Author
This course covers the basics on enterprise risk management and how an entity can create a plan to manage.

5
Member's Profile
Good basic information on Enterprise Risk Management. Great place to start before diving in to the details.

5
Anonymous Author
Course was not overly academic and aligned with how ERM frameworks are actually implemented effectively.

5
Member's Profile
This was a thorough and comprehensive overview of ERM. I look forward to the next series of instruction.

5
Anonymous Author
Excellent foundational course for Risk Management. The instructor was very knowledgeable and engaging.

5
Member's Profile
Stated learning objectives were met. Stated learning objectives were met. Time allotted to the learning.

5
Anonymous Author
Good course, good overall summary and refresher. I enjoyed how the information was presented overall.

5
Member's Profile
This was a good summary of ERM. I liked the very clear comparison of risk appetite vs risk tolerance.

2
Member's Profile
The course was too high-level without enough practical steps to identify, measure, and address risk.

4
Member's Profile
Good overview of ERM concepts with an emphasis on how to implement the practice in an organization.

5
Member's Profile
Great introduction into ERM that outlines the overall function, purpose, and steps to implement ERM

4
Anonymous Author
Easy to understand and delivered in a way which establishes a base for considering risk management.

4
Anonymous Author
Very clear and informative course on enterprise risk management. Well done on a great presentation!

5
Member's Profile
great and informative course. I now understand the difference between risk appetite and tolerance.

5
Anonymous Author
A great introduction to Enterprise Risk Management. The course is very informative and structured.

5
Member's Profile
Well organized and easy to follow. Instructor was great and presentd in line with expectations.

5
Member's Profile
Provides a great starting framework for enterprise risk planning. Easy to follow and understand.

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.

4
Member's Profile
nice and easy to follow ... good introduction to those who are not specialized in Risk Management

5
Anonymous Author
Crusial topic for each organization. A very good step by step presentation of ERM implementation.

5
Anonymous Author
Good overview of the concept of ERM. Also good discussion on integration within an organization.

5
Anonymous Author
This is a very interesting course on enterprise risk management presented in a very clear manner

5
Anonymous Author
The tutor has compiled good information. Delivery was good. Was able to revise a lot of concepts

4
Anonymous Author
good overview of risk management. Everyone in an organization should understand these concepts.

5
Anonymous Author
Enjoyed learning about an area that is value-add and isn't required for compliance purposes.

5
Member's Profile
This course was more informative than I expected when enrolling. Very good overview of ERM.

5
Member's Profile
Отличный курс. Все понравилось. Автор эффективен!

4
Anonymous Author
An interesting course. Nothing surprised me. This training will be beneficial to everyone.

5
Anonymous Author
I find the course very useful in a sense that the concept of ERM applies to IT auditing.

5
Anonymous Author
I liked the conversational style from the instructor versus just reading off the slides.

5
Anonymous Author
Good introductory course on ERM. Well designed and instructor did a good job explaining.

5
Anonymous Author
Good review of ERM principles from a planning perspective. My thanks to the presenter.

5
Anonymous Author
Excellent course, very well organized and presented, with practical examples provided.

5
Anonymous Author
Found course curriculum fully met its objectives and was comprehensive in its content.

5
Member's Profile
The instructor was clear and concise in her discussion of enterprise risk management.

4
Member's Profile
good material, I enjoyed reading contents. good material, I enjoyed reading contents.

4
Anonymous Author
Well-presented discussion of ERM theory and practical components. Excellent course!

5
Member's Profile
This course is a good introductory course to ERM and it's impact on an organization.

5
Member's Profile
Good intro to ERM. This training was easy to follow. Very knowledgeable trainer.

5
Member's Profile
Since all of it was new to me I learned a lot about Enterprise Risk Management...

5
Member's Profile
Good course. It would be great to have more real-world examples, if possible.

4
Anonymous Author
Great overview of ERM. Very informative for someone who is new to the process.

3
Anonymous Author
This course was ok. I didn't learn anything that I didn't already know though.

5
Anonymous Author
great overview of enterprise risk management in a very easy to follow course.

4
Anonymous Author
This course was great, it was very helpful to learn about the basics of ERM.

4
Anonymous Author
Helpful course in explaining the ERM process. High level course offering.

5
Anonymous Author
good presentation and overview of a topic that can be dull, well organized

4
Member's Profile
This course is creating a great overview about Enterprise Risk Management.

5
Anonymous Author
Instructor clearly defines reasons and terms in Enterprise Risk Management

4
Anonymous Author
Good overview of ERM and related concepts and considerations. Thank you!

5
Anonymous Author
great class. I just took this certification, and this class was spot on.

4
Anonymous Author
Very helpful course for those who wanted to pursue and implement an ERM.

5
Anonymous Author
This is a good course. Courses taught by Lynn are always well delivered.

4
Member's Profile
Nice course. Content was clear and laid out well. I like this creator.

4
Anonymous Author
Great overview of a topic that I have not had direct responsibility for.

4
Member's Profile
Good overview. Essential introduction for those new to risk management

4
Anonymous Author
Ok, class. Very theory based and not detailed in specific take aways.

4
Member's Profile
Well put together; easily understood; concise; relevant; well paced.

4
Member's Profile
It was a great course, very practical which it makes it very useful.

5
Anonymous Author
I liked the way she explained the Risk Appetite and Risk Tolerance.

4
Anonymous Author
This was a good refresher about what ERM is and what it comprises.

4
Anonymous Author
Great course with lots of ERM information and examples to follow.

4
Anonymous Author
A key consideration for all employees in today's work environment

5
Anonymous Author
Great course, CPE is really a great requirement and use of time.

5
Member's Profile
the course explains the concepts of Enterprise Risk Management.

3
Anonymous Author
Basic explanation of the Framework. Food to get First overview.

4
Anonymous Author
It was a well thought out course and with interesting material

5
Anonymous Author
easy to follow/understand and an excellent introductory course

5
Anonymous Author
I liked that it was helpful in explaining the process for ERM.

5
Member's Profile
Lynn's course on Enterprise Risk Management was well presented

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.

4
Member's Profile
The instructor is very thorough and slide are very helpful.

5
Member's Profile
This is a good start to have better understanding about ERM

5
Member's Profile
Matches what I see in my organization. Clear presentation.

5
Member's Profile
Good course to overview the basic building blocks of ERM.

4
Member's Profile
Good course of Enterprise Risk Management for Beginners

5
Anonymous Author
Tremendous work on enterprise risk management :):):):):)

3
Member's Profile
works for what i need to renew my cpa and cia licenses.

5
Member's Profile
it was difficult to listen (used highest volume of PC)

5
Anonymous Author
Easy to understand, great beginning knowledge to ERM.

4
Anonymous Author
Very good broad overview of effective risk management

5
Member's Profile
Good overview, look forward to more in-depth courses.

3
Anonymous Author
interactive and fun training with nice ERM framework

5
Anonymous Author
Nice course. Good information on ERM. Enjoyed it.

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 .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
Enterprise Risk Management 101
  Foundation Concepts7:47
  Embracing ERM12:34
Business Risk Appetite
  Risk Appetite vs Risk Tolerance2:08
  Risk Appetite 5:40
  Risk Tolerance and Risk Appetite Considerations 8:59
  Risk rating appetite8:07
Team Work
  ERM Framework4:03
  Establishing a Team4:15
  Roles & Responsibilities4:59
  Where to Start3:59
CONCLUSION
  Risk Awareness16:57
Continuous Play
  Enterprise Risk Management 1011:24:52
SUPPORTING MATERIALS
  Slides: ERM 101PDF
  ERM 101 Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam