Enterprise Risk Management (ERM) is rapidly gaining attention as today’s latest advancement in risk management. However, for too many leaders and managers the specific contributions of ERM to traditional risk management are poorly understood.
This course clearly describes the specific contributions of ERM to risk management best practices, and then discusses how risk management integrates with other aspects of general management to maximize overall stakeholder value.
Prerequisites
No advanced preparation or prerequisites are needed for this course.
Learning Objective
- Discover how the principles of Enterprise Risk Management (ERM) compare to the management practice of traditional risk management
- Identify the interrelationships between ERM and strategic planning, cost management, and performance management in order to maximize stakeholder value
- Recognize key challenges to the implementation of ERM
- Identify the resulting benefits from the successful implementation of ERM
Last updated/reviewed: March 11, 2024
(21) Reviews
(12 rating)
This was a very interesting and relevant course. Internal Audit funcitons often face navigating the pull from management to engage in fraud investigations and that must be balanced with other Internal Audit activities, with the support of the Audit Committee.
Of the many, many courses I have taken on the Illumeo platform, this was definitely one of the best and most insightful. I have always found elements of "behavioral finance" to be fascinating and powerful in planning, strategy, and business performance. Mr. Stephens has bundled the leading theories and presented them as a unified new "dimension" for planners and leaders to factor in. He has done so in a manner that CFO's and other business leaders will undoubtedly find easy to digest, replete with useful examples. The consideration of these concepts will undoubtedly add value via improvement decision-making and more enlightened risk assessments. Thank you for such a quality contribution to the Illumeo portfolio!!
A wonderful summary of key concepts of AI and machine-learning. Excellent material.
This provides a holistic view of how to think about enterprise risk management more broadly and how it differs from traditional risk management. It also provides insight on being proactive in considering emerging risks and the importance of change management.
Great course covering many important concepts and history behind evolution of current accounting standards
Good overview of 2023 fraud trends and beyond, how account takeover happens, including the detection and prevention strategies for account takeover.
Great. Perfect. As usual. I really like this trainer. Clearly presented.
I enjoy this instructor. The course is informative and offers real world usefulness.
The slides must reflect everything stated in the audio
Good course but bad sound quality. Kept hearing rustling sounds
This course provides a good understanding of fraudulent disbursements.
The course helped me make more sense of the risk assessment process because Wendi broke it down to an introductory level.
Interesting training......
The instructor used the real incidents she experienced in explaining the concepts of ethics, which facilitated my understanding.
Good review course. This was a solid refresher for something I have been away from for some time.
I believe it was a very good course and very informative. I would love to see more courses on risk management by Mr. Doug Webster
Course was very interesting! Its also very useful for further understanding.
Excellent course
It was a very good course
Enjoyed the examples used to emphasis points of discussion.
l like learn about this course and subject We will follow full courses for an intense love thank you very much
Lesson Questions and Answers0 Questions
INTRODUCTION AND OVERVIEW
THE ELEMENT OF ERM
- The Role of Risk Management in Delivering Organizational Success 6:03
- Stakeholder Value 11:48
- The Role of ERM in Effective Risk Management 9:56
- Managing Portfolio Risk 11:10
- The End Result of ERM 9:35
CONCLUSION
CONTINUOUS PLAY
SUPPORTING MATERIALS
REVIEW and TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson