Introduction

The complexity of enterprise risk has evolved, requiring everyone’s involvement in its management. The COSO Enterprise Risk Management Certificate teaches the updated ERM framework, equipping participants to align risk management with organizational strategy to enhance performance. Self-paced modules provide practical knowledge to apply the ERM framework effectively. The framework's five components support diverse perspectives, improve decision-making, and help management and boards fulfill their risk management responsibilities. This program empowers organizations to integrate ERM into their strategy-setting process for better outcomes.

Objectives

• An Overview of Enterprise Risk Management - Integrating with Strategy and Performance

• The Governance and Culture Component

• The Strategy and Objective - Setting Component

• The Performance Component

• The Review and Revision Component

• The Information, Communication, and Reporting Component

• Case Application - ERM Improvement Observations

Target Audience

• Team members who play a risk management role in entities of any size.
• Consultants who provide advisory services related to enterprise risk management.
• Board members who provide oversight of enterprise risk management

Outlines

An Overview of the ERM Framework

• Recognize the value of enterprise risk management when setting and carrying out strategy and objectives.
• Recognize the alignment of performance and enterprise risk management.
• Identify key terms, definitions, and concepts of the ERM Framework.

 The Governance and Culture Component

• Recall key concepts included in the ERM Framework related to the governance and culture component, including relevant principles.
• Apply the concepts of the ERM Framework for the governance and culture component to a variety of situational examples.

 The Strategy and Objective-Setting Component

• Recall key concepts included in the ERM Framework related to the strategy and objective setting component, including relevant principles.
• Apply the concepts of the ERM Framework for the strategy and objective-setting component to a variety of situational examples.

 The Performance Component

• Recall key concepts included in the ERM Framework related to the performance component, including relevant principles.
• Apply the concepts of the ERM Framework for the performance component to a variety of situational examples.

 The Review and Revision Component

• Recall key concepts included in the ERM Framework related to the review and revision component, including relevant principles.
• Apply the concepts of the ERM Framework for the review and revision component to a variety of situational examples.

 The Information, Communication, and Reporting Component

• Recall key concepts included in the ERM Framework related to the information, communication, and reporting component, including relevant principles.
• Apply the concepts of the ERM Framework for the information, communication, and reporting component to a variety of situational examples.

A Case Application to Identify Performance Improvements in ERM

• Recall concepts included in the ERM Framework.
• Apply concepts from the ERM Framework to the situational case presented.