ERM: Developing and Implementing Outline and Module activity breakdown.
Module 1: The advantages of enterprise-wide risk management
We will be engage in activities associated with the following educational objectives:
- Explain how an organization can improve its strategic decision making by incorporating enterprise-wide risk management
- Contrast traditional risk management and ERM
- Explain why ERM is an effective approach to face business uncertainties
- Explain how an organization can improve its strategic decision making by incorporate
Module 2: Establishing the Internal and External Context
We will be engage in activities associated with the following educational objectives:
- Summarize how an organization aligns its ERM goals with its strategic goals
- Explain how a Risk Maturity Model can be used in an ERM performance scorecard
- Conduct a SWOT analysis to evaluate a given organizational strategy
Module 3: Identify, Analyze and Evaluate Risk
We will be engaged in activities associates with the following objectives:
— Apply the exposure spaces model to a given risk scenario
— Describe the methods and associated limitations of modeling uncertainty
— Apply Bayesian network probabilities, influence diagrams, and the expected values of utility
Module 4: Select and Implement Appropriate Risk Management Techniques
We will be engaged in activities associates with the following objectives:
— Recommend the risk-appropriate mitigation tools for an issue involving supply chain.
— Evaluate the feasibility of a given investment proposal based on a given capital budgeting data
— Explain how the risk-return relationship affects an organization’s financial decision making.
— Describe the elements that are considered in portfolio selection for an organization
— Determine the rationale behind winding down a captive
Module 5: Monitor Results and Revise
We will be engaged in activities associates with the following objectives:
— Explain what activities are required to ensure adequate assurance of risk management activities
— Explain why risk ownership by internal stakeholders is critical to increase the chances of success for an ERM program
Module 6: Communicate and Consult with Internal and External Shareholders
We will be engaged in activities associates with the following objectives:
— Identify the questions that an ERM business case needs to answer and the methods for developing responses to them
— Summarize the process for establishing a set of measurable risk criteria for a given organization
— Describe how to develop and implement a project management plan
— Describe ERM implementations planning and methods of incorporating continuous change.