Enterprise Risk Management Training Course in Cyprus (Larnaka) | European Quality Training and Management Consultancy

We apologize for any inconvenience you may experience while using the website as it is currently undergoing updates.

Ok!

Cities

Kuwait

Enterprise Risk Management

672

Management Training Courses

Enterprise Risk Management

Kuwait

Hotel Name
Hotel Meeting Room

06 Jul 25 : 10 Jul 25

25 Hours

3250 USD

Course Application Form

Candidate Data

Candidate full name *

Email *

Private phone number *

Work phone number

Country & City *

Company / Employer *

Choose your payment method

Invoice Recipient Data

Recipient name *

Recipient phone number *

Recipient email

Recipient work address details

I agree to the property rights & terms of use.
I agree to I agree to use data sent by me.

Sending course brochure to my e-mail

Please leave us your contacts, and we will call you back as soon as possible

Full name *

Email *

Private phone number

I agree to the property rights & terms of use.
I agree to I agree to use data sent by me.

Call me back

Course Inquiry

Please provide us with your contacts with your inquiry, and we will answer it as soon as possible

Full name *

Email *

Private phone number *

Country & City *

Company / Employer *

Your Inquiry

I agree to the property rights & terms of use.
I agree to I agree to use data sent by me.

In-house proposal

Please provide us with your contacts and the details of the needed in-house proposal, and we will contact you as soon as possible

Full name *

Email *

Private phone number *

Country & City *

Company / Employer *

Your Inquiry

I agree to the property rights & terms of use.
I agree to I agree to use data sent by me.

Course-options

Training

Details

About

Training Methodology

Introduction

Why Attend

Enterprise Risk Management known as (ERM) has evolved considerably since the seventies. From simply 'buying' insurance, it has now grown in importance to become a prime function in many organizations as part of a bigger system known as Governance, Risk and Compliance (GRC) which starts with corporate governance and ends with compliance. ERM is the function of studying the risks that may hinder a corporation's ability to achieve its goals and then deciding how to overcome those risks. Studies regarding risk management were done by different organizations, including ISO which issued ISO 31000 on risk management. However, the most accepted ERM system is the one designed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This system, which is the one covered in this course, teaches the steps needed to control risk. It starts with the evaluation of the internal environment and the setting of objectives which are, mainly, a result of the tone at the top of the organization, the directives from corporate governance as well as the vision, mission and corporate strategies. Then, the course goes through the steps management needs to consider in order to identify and assess risk and decide on proper risk responses and controls. The course ends with how to monitor, communicate and report risk. In addition, the course looks at risk in different organizational areas such as strategy, reporting, compliance, operations, financial and physical risk as well as risk in different industries.

Course Methodology

The course is based on detailed explanations by the instructor and presentations by both the participants and the instructor. It also includes several case studies related to different industries and areas of the business.

Course Objectives

Identify internal and external changes that will create risks to the organization
Understand the relation with the board of directors through governance and improve Risk-Based Decision Making (RBDM)
Influence internal controls by choosing the response to the risks identified
Classify risk categories in the organization and identify the right authorities to manage them
Analyze, assess and improve risk management practices within the organization

Target Audience

Managers, senior managers, directors, executives, financial controllers, senior accounting and finance personnel, and auditors.

Target Competencies

Improving risk monitoring and control
Analyzing and assessing risks
Advising directors on risks
Controling risks
Mitigating risks
Reporting risks

Course Outline

Introduction
- Risk perception
- Why should we care about risk
- Internal environment changes
- External environment changes
Risk management and corporate governance
- Introduction to corporate governance
- GRC concept: governance, risk and compliance
- GRC system: governance, risks and controls
- Risk management as part of corporate governance
- Governance failures
- Risk based decision making
Risk management and corporate control environment
- Risk management’s influence on designing internal controls
- Risk-based internal audit assessment of risk management performance
ERM and its evolution
- ERM evolution
- ERM benefits
- ERM platform
  - Strategic approach
  - Operations and tactics
  - Business reporting
  - Compliance and process
Risk categories
- Strategic risks
- Reporting risks
- Financial risks
- Physical: life and safety risks
- Compliance
  - Laws and regulations
  - Financial reporting standards
- Operations
  - External environment: socioeconomic, regulations, technology and competition
  - Internal environment: structure, processes and culture
ERM components
- Internal environment
- Objectives setting
- Event identification
- Risk assessment
  - The black swan challenge
  - Quantitative versus qualitative analysis
- Risk response
- Control activities
- Information and communication
- Risk monitoring

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Day 3 - Applying the Value based Process

Day 4 - Ensuring the Continuity of the Value-based Process

To view the training curriculum, please click here
To view the registration, payment, and cancellation policy, please click here
To view the terms and conditions for the training program locations, please click here.