Enterprise Risk Management (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.

This course steps beyond the ERM 101 course, delving further into the phased approach to establishing ERM processes and appropriately identifying, assessing, measuring, mitigating and reporting risks.  We also evaluate rating measurements scales and the importance of setting the right tone for evaluations.

Learning Objectives
  • Discover how to understand the organization’s risk maturity.
  • Identify Tactics to determine risk maturity.
  • Discover the ERM Risk Maturity Classifications
  • Discover how to prepare for right-sizing ERM for your organization.
  • Discover how to align risk with business strategy
  • Explore right-sizing board and audit’s committees expectations
Last updated/reviewed: August 12, 2023
19 Reviews (87 ratings)

Reviews

5
Member's Profile
This is my first deep dive into ERM and I am very happy it was authored by Lynn Fountain. She has provided a course that has comprehensive content and a solid roadmap to understanding concepts and actions. Lynn, I got 90% on this. Not bad for a first exposure.
5
Anonymous Author
I really enjoyed the section of course that focused on how mature the organization is and if it really makes sense to try to push for a program with specific examples. I think the importance of thinking through these items is key. "Tone at the top" as they say...
Member's Profile
Very comprehensive overview of how to start an ERM program. Would be even better if the "ERM 101" course was made a prerequisite and the overlapping content removed. Would like to learn more about how to determine the risk rating/score.
5
Member's Profile
This training provided very useful and practical ways to think about ERM and how it interacts across and organization. Of particular relevance was considering right sizing and ensuring buy in and sponsorship.
4
Anonymous Author
Another fantastic course from Lynn Fountain. This course brings perspective and experience, as well as challenges and key process points, to the participants in an organized and fast-paced presentation.
4
Anonymous Author
This course is suitable for people who like to understand how ERM frameworks and process work in an organization. It gave brief idea on what to focus on during ERM implementation
4
Anonymous Author
Overall great course for an introduction to ERM. It would be helpful to see some examples of the process in action to help people understand how the concepts can be applied.
4
Anonymous Author
Excellent course; the language used here can be leveraged to start conversations with senior leaders in less mature organizations.
5
Member's Profile
Great presentation Lynn, it was so insightful for implementation of ERM. In Slide 40, SWAT is used, I think it is SWOT. Thanks
5
Member's Profile
Lynn sets out logical and practical steps to take to get an ERM program off the ground, and explains pitfalls along the way.
5
Member's Profile
Course is great for seasoned risk-management professionals at the crux of their careers.
4
Member's Profile
Very good discussion on ERM and how to implement it collaboratively in an organization.
5
Anonymous Author
Practical. Well organized. Well supported. Another great presentation by Ms. Fountain.
5
Anonymous Author
delivers concise, practical insights essential for Right Sizing ERM
5
Anonymous Author
Crucial topic for internal auditors. Perfectly presented.
5
Anonymous Author
Good primer on Risk Management
5
Anonymous Author
glad I took this course
5
Member's Profile
Great course.
4
Anonymous Author
Good course.
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Prerequisites
Course Complexity: Intermediate

Prerequisite: Finance leadership experience and an understanding of basic concepts of Enterprise Risk Management.

 

Advanced Preparation: None

 

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 Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  5:35PREVIEW: Introduction to Right Sizing ERM
Right Sizing ERM
  Need to Understand Organizations Risk Maturity 7:32
  Tactics to Understand Risk Maturity 10:31
  ERM Maturity Classifications 8:46
  Preparing for Right Sized ERM7:21
  Executing Your ERM Framework 3:54
  Review of Risk Appetite 5:35
  Assigning Risk Impact/Likelihood 9:38
  Risk Identification 8:18
  Measuring and Scoping Your Risks8:08
  Risk Mitigation 5:31
  Risk Response 6:21
  Right Sizing Your Board and Audit's Committees Expectations of ERM9:19
  Define What Works for Your Organization 12:19
CONCLUSION
  Course Summary and Conclusion 3:07
Continuous Play
  Right Sizing ERM – For the office of the CFO1:52:09
SUPPORTING MATERIALS
  Slides: Right Sizing ERMPDF
  Right Sizing ERM Glossary/IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam