Introduction
In today's dynamic business environment, organizations face a multitude of risks that can impact their ability to achieve strategic objectives and deliver value to stakeholders. The COSO Enterprise Risk Management (ERM) Framework provides a comprehensive approach to identifying, assessing, responding to, and monitoring risks across all levels of an organization. This 5-day training program is designed to equip participants with the knowledge and skills necessary to understand and implement the COSO ERM Framework effectively.
Objectives
- Understand the Fundamentals of ERM: Gain a solid understanding of the principles and components of the COSO ERM Framework.
- Apply ERM Principles in Practice: Learn practical techniques for identifying, assessing, and responding to risks within an organization.
- Enhance Risk Management Skills: Develop the skills necessary to implement effective risk management strategies and controls.
- Gain Insights from Real-world Examples: Explore case studies and best practices to understand how ERM is applied in various industries and contexts.
- Prepare for ERM Implementation: Acquire the knowledge and tools needed to initiate or improve ERM practices within your organization.
Target Audience
This training program is ideal for professionals across various functions and levels within organizations, including:
- Executives and Senior Management
- Risk Managers and Compliance Officers
- Internal Auditors
- Finance and Accounting Professionals
- Project Managers
- Operations Managers
- Legal and Regulatory Compliance Personnel
Training Program Outline
Day 1: Introduction to ERM Framework
- Overview of Enterprise Risk Management (ERM)
- Introduction to COSO ERM Framework
- Key Components of ERM
Day 2: Internal Environment and Objective Setting
- Understanding the Internal Environment component
- Importance of Objective Setting in ERM
- Aligning Objectives with Organizational Mission and Vision
Day 3: Event Identification and Risk Assessment
- Techniques for Event Identification
- Conducting Risk Assessments
- Prioritizing Risks based on Likelihood and Impact
Day 4: Risk Response and Control Activities
- Developing Risk Response Strategies
- Implementing Control Activities to Mitigate Risks
- Integration of Risk Response with Organizational Processes
Day 5: Information & Communication, Monitoring Activities
- Importance of Information & Communication in ERM
- Establishing Effective Communication Channels
- Monitoring Activities for Ongoing Risk Management
- Case Studies and Best Practices
About Barcelona
Barcelona, the main city of Catalonia on Spain's east coast, is known for its fantastic weather and proud local culture. It is also Spain's second largest city and has all the cosmopolitan trappings you would expect. Among Barcelona's many attractions are the delicious seafood, stunning architecture and vibrant atmosphere. It began life as a Roman city and has remained important ever since. Today, it is a buzzing city offering more than enough reasons to look for flights to Barcelona. Between UNESCO World Heritage Sites, famous sports teams plus great food, there's no shortage of ways to amuse oneself.
Things to do and places to visit in Barcelona
Barcelona really does have something for everyone. The attractions of Barcelona include beautiful beaches to relax on, almost endless historical locations to explore, all the shops you could ever wish for, one of the world's most admired football clubs and world-class eateries - you may never want to leave. Luckily, with so much to do the city's compactness makes it easy to explore. Simply wandering through the streets is a great way to soak up the atmosphere.
Just some of the great things to do in Barcelona include:
- Marvel at Gaudi's masterwork, the Sagrada Familia.
- Sample the wide range of tapas in Barcelona's bars.
- See the somewhat surreal architecture of Antoni Gaudi.
- Wander through Park Guell, which offers great views over the city and out to sea.
- See the Cubist master’s early work in the Picasso Museum.
- Get lost in the winding streets of the Gothic Quarter, known locally as the Barri Gotic.
- Browse the upmarket shops along the Passeig de Gracia.
- Soak up the tranquil atmosphere in the Cathedral of the Sea.
- Watch the silky skills of FC Barcelona in a game at the Camp Nou.
- Enjoy authentic paella with fresh seafood.
- Climb Montjuic for spectacular views.