Risk Management Frameworks Training Courses

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What is Enterprise Risk Management?

Enterprise risk management, and the creation of an enterprise risk management framework, is a fundamental governance responsibility. Enterprise risk management is a set of methods and processes used by organisations to manage risk and seize opportunities that are related to their organisational goals.

The corporate board has (depending on jurisdiction) either a fiduciary, or both a fiduciary and a statutory, duty to identify and manage enterprise risk. While enterprise risk management ought to be the responsibility of a corporate risk management team, the IT governance practitioner has three specific contributions to make to the risk management activity and for that reason needs to have a practical, high-level understanding of the key risk management issues and concepts.

Operational Risk Management

Operational risk management, particularly in the financial sector, is essential. Operational risk management deals with the cyclical application of a process of risk assessment, decision making, and the implementation of controls to manage and mitigate risk.

Enterprise Risk Assessment and Business Impact Analysis is a key operational responsibility for all practitioners, and the Cabinet Office’s guidance Management of Risk (M_o_R®)  is particularly useful to any organisation. Information security risk assessment  is another key area.

Browse the risk management frameworks training courses below: