By the end of the program, participants will be able to:
- Explain the essentials of Enterprise Risk Management (ERM).
- Identify the risks that are derived from people, processes and systems and their impact on operational, environmental and financial elements.
- Anticipate problems before they become a threat.
- Improve risk-based decision making.
- Use lessons learned from the events of the Black Swan.
- Link risks with the business planning process.
- Identify a range of techniques that can be used to support management in making appropriate decisions.
This program is designed for:
Managers, senior managers, directors, financial controllers, auditors and executives.
This program is worth 25 NASBA CPEs.
Locations & Dates:
17 - 21 Jun 2012
The Address Dubai Marina
25 - 29 Nov 2012
Crowne Plaza Sheikh Zayed Road
Meirc reserves the right to alter dates, content, venue and trainer with a reasonable notice time.
One extra free place for every 2 paid nominees
Delivery Type: Group-Live
- Risk Perception
- Why Should we Care about Risk
- The Changing Environment
Enterprise Risk Management (ERM) and its Evolution
- Evolution of ERM
- Benefits of ERM
- The Platform of ERM
- Physical Risk
- Operational Risk
- Financial Risk
- Sales Risk
- Strategic Risk
- 6 categories: Strategic, Reporting, Financial, Life, Compliance and Operations.
- 8 components: Internal Environment, Objective Setting, Event Identification, Risk Assessment, Risk Response, Control Activities, Information & Communication and Monitoring.
The 6 Categories
- Strategic Planning Model (ABCDE)
- A = Assessment
- B = Baseline
- C = Components
- D = Down to Specifics
- E = Evaluate
- Financial Risks
- Life and Life Safety Risks
- Non-GAAP Compliance
- Environment (External and Internal)
- External= Socio-Economic, Regulations, Technology and Competition
- Internal = Structure, Processes and Culture
The 8 Components
- Internal Environment
- Objectives Setting
- Event Identification
- Risk Assessment:
- The Black Swan Challenge
- Quantitative versus Qualitative Analysis
- Risk Response
- Control Activities
- Information & Communication