OasisLMS

Implementing effective risk management

Risk affects all areas of an organization, from hiring and onboarding to customer fulfillment and support. Enterprise Risk Management (ERM) is crucial to protecting organizations and boosting stakeholder value.

Making informed decisions and integrating risk assessment techniques into ERM is key to an effective strategy. You’ll explore various topics, including:

• Key ERM models, such as ISO and COSO
• Generic risk management models
• ERM benefits
• ERM implementation challenges

Risk management tools and techniques

Assessing and managing risks in an organization requires a range of techniques, including

• brainstorming ideas and recording action plans:
• creating risk calendar and risk assessment checklists:
• using GAP analysis and heat maps:
• performing value stream mapping and process mapping: and
• applying SWOT analysis and PESTLE diagrams.

You’ll learn more about these tools and techniques, and others, that can help your organization identify and eliminate risks throughout its operations, regardless of its size.

Learning Outcomes

• Distinguish between the ISO, COSO, and generic risk management models.
• Recall the benefits of enterprise risk management.
• Recognize the challenges implementing enterprise risk management.
• Identify tools and techniques to identify and eliminate risk throughout the organization.
• Determine how processes and procedures can be enhanced by using a value stream perspective for enterprise risk management.

Key Topics

• Enterprise risk management
• ISO 31000-2018 principles
• COSO ERM framework
• Tools and techniques in risk awareness and management
• Value stream perspective for enterprise risk management

Who Will Benefit

Practitioners of any level who play a risk management role in entities of any size