Risk is present in every aspect of our life. Many efforts were put over the past decades to better comprehend risk and its nature, which led to the founding of solutions, methodologies, and approaches that can help individuals and organizations to make accurate decisions based on logical reasoning. One of the most helpful frameworks to address enterprise risk is ISO 31000, an international standard that incorporates principles, proven practices, and guidelines on managing risks facing organizations. ISO 31000 provides a framework to help companies effectively manage their risks. It can be used by any organization with no regards to its size, industry, or sector. ISO 31000 may help organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats and effectively allocate and use resources for risk treatment. If you want to enhance your risk management skills, you are in the right place!
Topics Covered include, but not limited to:
– Nature and Causes of Risk
– Risk types
– Risk appetite & attitudes
– Importance & Effectiveness of ERM
– ISO 31000 framework & Guidelines
– Setting the context of ERM
– Risk identification / Event identification
– Risk assessment, Mapping, Analysis & Evaluation
– Risk Treatment, Actions & strategies
– Risk Communication and Reporting
– Monitoring, Reviewing & Documenting ERM
– Role of Insurance Companies in ERM
– ERM Information Systems & Software
-Real life ERM examples
