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Enterprise Risk Management (ERM)

International Institute of Project Management (IIPM), a Global Registered Education Provider (REP) of PMI®, USA is conducting an "Enterprise Risk Management (ERM)" course aligned to ISO 31000,COSO and PMI Frameworks. ERM is evolving to address the needs of various stakeholders, who want to understand the broad spectrum of risks facing complex organizations to ensure they are appropriately managed.

This course is scheduled during the weekends to suit Presidents/Owners, CXOs, CEOs, CFOs, CMOs, CTOs, VPs, Sr.Managers, BDOs, Risk Managers, Project Managers, Design Managers, QA/QC Managers etc.

It may be noted that listed companies are required to mandatorily implement ERM in their companies and the Executive Management is charged with implementing Enterprise Risk Management across the organization. Indian listed companies have begun to realize that Enterprise Risk Management Framework appears to be the Gold Standard for implementation. In India, clause 49 of testing agreement stipulates Enterprise Risk Management as a mandatory compliance requirement.

What is Enterprise Risk Management (ERM)?

Enterprise Risk Management is a comprehensive framework for implementation of risk management practices across organization. It is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization's capital and earnings. It is an organization-wide approach to identify, assess, communicate, and manage risk in a cost-effective manner – a holistic approach to managing risk.

It may be noted that listed companies are required to mandatorily implement ERM in their companies and the Executive Management is charged with implementing Enterprise Risk Management across the organization. Indian listed companies have begun to realize that Enterprise Risk Management framework appears to be the Gold Standard for implementation. In India, clause 49 of testing agreement stipulates Enterprise Risk Management as a mandatory compliance requirement.

Who Should Attend?
CEOs, Chief Financial Officers (CFOs), Chief Purchase Officers, Chief Information Officers , Chief Project managers, Chief Operations Officers (COOs),  Program Managers,  Project Managers,  Project Engineers, Design Engineers, Portfolio Managers, Assistant General Managers, Vice Presidents, General Managers, Deputy General Managers, Assistant,  Vice Presidents,  Project Managements Consultants,  Venture Capitalists,  Bankers,  Financial Analysts, Chartered Accountants, Project Leaders, Team leaders/Members, Risk Managers, Field Staff Members, Project Engineers, Design Engineers, Project Leaders and Administrators, Industrial Engineers, Manufacturing Engineers, Project Coordinators, Operating Managers, Functional Managers, Information Technology Professionals, Software Developers, Quality & Testing Engineers, Sales & Marketing professionals, Civil/Mechanical/Electrical engineers, Procurement specialists, Event mangers, R&D Managers, others involved directly or indirectly with Project Management.
Course Description:

This course would help the members to understand the current issues, challenges, and emerging practices regarding risk management, control, and governance processes. It helps the participant to develop a comprehensive understating of risks in organization, to analyze and interpret risk matrix, to understand the quantification of risk, to determine and set risk appetite and fixing the right level of management for risk acceptance.
Duration: 2 Continuous Days (9:30 AM to 6:30 PM)
Course Fee: Rs.27,000 + 15 % ST

ENTERPRISE RISK MANAGEMENT (ERM) - COURSE CONTENTS

Day 1

1. Enterprise Risk Management (ERM)

  • Why Enterprise Risk Management is required?
  • Defining Risk Management
  • What is Enterprise Risk Management (ERM)
  • Principles of Risk Management
  • Nature and impact of Risk
  • Risk Management: Framework
  • Plan Risk Management
  • Identify Risks

2. Overview of Enterprise Risk Management  

  • Achieving the benefits of ERM
  • Enterprise Risk Management defined
  • Establishing the core components of an ERM system
  • Outlining roles and responsibilities for ERM
  • Defining internal audit’s role in ERM

3. Introduction to ISO 31000: Risk Management Standard

  • Framework for Managing Risk (based on ISO 31000)
  • Risk Management Process (based on ISO 31000)
  • Risk Architecture of a large PLC
  • Drivers of Risk Management

4. Components of Enterprise Risk Management

  • Risk Management Plan
  • Risk Analysis
  • Plan Risk Responses
  • Plan Risk Responses: Strategies
  • Residual and Secondary Risks
  • Perform Qualitative Risk Analysis
  • Perform Quantitative Risk Analysis

Day 2

5. Introduction to COSO Model

  • What is COSO Model?
  • Why was the COSO Enterprise Risk Management- Integrated Framework created?
  • What is the COSO Enterprise Risk Management- Integrated Framework?
  • How to obtain the COSO ERM framework?
  • How to implement the COSO ERM framework?
  • COSO Vs ISO 31000 Vs PMI Models - Comparison

6. Promoting and enhancing Enterprise Risk Management

  • Identifying Business Risks
  • Identifying Strategic Risks
  • Identifying Reputation Risks
  • Identifying Financial Risks
  • Identifying Frauds
  • Assessing and Prioritizing Risks
  • Responding to Risks
  • Monitoring and delivering assurance
  • Reporting risk to Internal and External Stakeholders

7. Case Study 1 : Risk Management in IT Organization

8. Case Study 2 :Managing Risk on Global Projects

9. Case study 3: Managing Risk on Capital Projects17. Q & A

10. Case study 4: Risk Management in Financial Services Organization.

11.  ERM Certificate Award

 Key Deliverables

  • Enterprise Risk Management - GAP assessment which presents the gap in knowledge of participants to put them in the right frame of mind about their current awareness of Risk Management knowledge irrespective of field / experience - optional.
  • Course Material on Enterprise Risk Management .
  • Case Studies from several domains – Practical Application.
  • Industry oriented Practical Tips - Tips that carry lots of practical use.
  • Enterprise Risk Management Certificate.
  • CASE STUDY based on Enterprise Risk Management Course.
  • Guest House for outstation candidates: IIPM can arrange for well-furnished, A/C Guest House accommodation for outstation candidates @ Rs.2000/- to Rs.2500/- per day extra. IIPM understands your needs. This is a special additional service to our outstation candidates.
  • ERM Certificates will be awarded by IIPM.

 Faculty Profile

1. Mr. O. Arivazhagan “Ari” - IIPM

Mr. Ondiappan Arivazhagan "Ari", is an Honors graduate in Civil / Structural Engineering from University of Madras. He is a certified PMP, PMI-SP, PMI-RMP from PMI®, USA. He is also a Master Black Belt in Lean Six Sigma and has done Business Analytics and Enterprise Risk Management (ERM) from IIM, Bangalore. He has 30 years of professional global project management experience in various countries around the World and has almost 14 years of teaching / training experience in Project Management, Business Analytics, Risk Management and Lean Six Sigma and has trained more than 5000 professionals around the world and has guided several project works. He is the Founder-CEO of International Institute of Project Management (IIPM), Chennai.

2. Dr. C. Velan

Dr. C. Velan is a Graduate in Civil & Structural Engineering with a Post-Graduation in Business Administration, as well as Ecology & Environment. Has a Ph.D Degree in Civil Engineering and for the Research work, he focused on an area which based on the need of the hour subject “Sustainable Design of Green Buildings”. Having over 25 years of professional experience in various manufacturing and service industries including the Real Estate & Infrastructure industry, has handled various functions that include Business Development, Marketing, Project Development Management, Acquisitions, Property & Facility Management and related business disciplines and Training. Has presented and published various papers both in National and International Journals, Conferences.

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