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Advanced Enterprise Risk,
Management Masterclass

Venue: Radisson Blue Hotel, Sandton.
Date: 13 - 16 September 2022

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In the ever-changing business environment, encountering risk is inevitable. The ability to manage these increasingly significant risks now represents the difference between a thriving organisation and one that is struggling to deal with the challenges facing it.

Many businesses in the region have realised that misunderstanding risk can lead to disaster. The organisations that have dealt with the recession most effectively have realised that this requires extensive knowledge of risk management tools and techniques.

As the current worldwide situation demonstrates, poorly informed or improperly executed risk management can mean disaster . Most organisations have now realised that much more is needed and have developed an Enterprise Risk management (ERM) approach.

This has ensured that risks that were previously managed in isolation can be aggregated and prioritized across the entire business. Advanced ERM goes one step further. Risks are scored based on business materiality with each risk being evaluated and compared by its financial, legal, reputational, and regulatory impact, and classified by the effect they could have on the business. New understandings of risk emerge, and efficient controls can be implemented to tackle what really matters to the business. And drive competitive advantage.

In short the focus becomes strategic risk management.

What Will You Gain from This Course?

  • Generate measurable value by aligning the ERM framework with corporate performance expectations
  • Implement appropriate and varied techniques for the identification and assessment of risks
  • Engage the Board in the analysis of enterprise risk scenarios
  • Foster a culture that reinforces appropriate risk-taking to balance value creation and value protection
  • Clarify ERM accountabilities of all employees from executives to the front line
  • Implement key risk indicators (KRI’s) for each line of business
  • Develop risk appetite statements and apply risk tolerance techniques
  • Enhance achievement of corporate objectives by linking performance targets, and risk management actions

This masterclass runs for 4 days

Modules and Exercises

Module 1: Characteristics of an advanced ERM process

  • Exercise 1 – The challenges involved

Module 2: ERM and decision making

  • Exercise 2 – Exploiting Opportunities

Module 3:  Extreme risk events

  • Exercise 3 – Extreme risk management

Module 4: Risk Attitude

  • Exercise 4 – Enforcing a risk attitude

Module 5: The Risk register challenges

  • Exercise 5 – The advanced ERM risk register

Module 6: Key risk indicators (KRI’s)

  • Exercise 6 – Identifying KRI’s for all key risks

Module 7: Risk appetite

  • Exercise 7 – Defining risk appetite for all business activities

Module 8: ERM risk measurement techniques Risk workshops

  • Exercise 8 –Risk identification

Module 9: Delphi (expert analysis)

  • Exercise 9 –Delphi analysis – the mystery

Module 10: Ishikawa (fishbone) analysis

  • Exercise 10 – Ishikawa exercise – loss of key personnel

Module 11 : Emergent risks

  • Exercise 11 – Team Exercise to enable you to appreciate the emergent risks

Available on request.

Our Advanced Enterprise Risk Management Masterclass is available in a variety of formats to best match your needs

In-House training: We bring the training to your location. Available with customized features created to meet your requirements.

Virtual Training: Delivered totally online, our virtual sessions are designed to keep participants engaged through relevant training, activities for practice, and ongoing reinforcement.

  • Risk managers
  • Managers and Directors responsible for the risk management function or process
  • Heads of Internal Audit
  • Internal Audit managers and senior auditors
  • Heads of Assurance functions
  • Senior Finance professionals
  • Senior project managers

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About Us

Prospen Group is a corporate specialist in the provision of training and consulting services. As the world now moves toward hybrid working models, our training does too. Whether in-person, virtual, on-demand, self-paced or blended, we have a range of hybrid learning options to meet your needs. ProspenAfrica is here to support you in this transition, ensuring that highest standards of training continue to be delivered in the format that works for you.

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