Enterprise Risk Management (ERM) is rapidly gaining attention as today’s latest advancement in risk management.  However, for too many leaders and managers the specific contributions of ERM to traditional risk management are poorly understood. 

This course clearly describes the specific contributions of ERM to risk management best practices, and then discusses how risk management integrates with other aspects of general management to maximize overall stakeholder value.

Learning Objectives
  • Discover how the principles of Enterprise Risk Management (ERM) compare to the management practice of traditional risk management
  • Identify the interrelationships between ERM and strategic planning, cost management, and performance management in order to maximize stakeholder value
  • Recognize key challenges to the implementation of ERM
  • Identify the resulting benefits from the successful implementation of ERM
Last updated/reviewed: August 12, 2023
9 Reviews (33 ratings)


Member's Profile
This provides a holistic view of how to think about enterprise risk management more broadly and how it differs from traditional risk management. It also provides insight on being proactive in considering emerging risks and the importance of change management.

Anonymous Author
This course provides an introductory understanding of what Enterprise Risk Management is and how an organization's understanding of internal, external, and potential risks is a factor of the organizations success.

Member's Profile
Excellent, comprehensive overview of Enterprise Risk Management. A lot of material in a one-credit course, but not overwhelming. Very well-structured presentation.

Member's Profile
Of the several courses I have taken related to ERM so far, I think this one does a most effective job of clarifying what ERM is and is not.

Member's Profile
I believe it was a very good course and very informative. I would love to see more courses on risk management by Mr. Doug Webster

Anonymous Author
Lots of detail for a 1 hour course, great high level overview, took the course two times to fully understand concepts

Member's Profile
I had a some difficulties to understand the content, but at least I got the essence.

Anonymous Author
It was a very good course

Member's Profile
Wonderful presentation

Course Complexity: Foundational

No advanced preparation or prerequisites are needed 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 to Enterprise Risk Management 1:48
The Element of ERM
  The Role of Risk Management in Delivering Organizational Success6:03
  Stakeholder Value11:48
  The Role of ERM in Effective Risk Management 9:56
  Managing Portfolio Risk 11:10
  The End Result of ERM9:35
  Eight Principles for Implementation 7:13
Continuous Play
  Making Enterprise Risk Management a Key Element of Organizational Success 57:34
  Slides: Enterprise Risk ManagementPDF
  Enterprise Risk Management Glossary/IndexPDF