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The financial crisis has highlighted the need for a competent approach and management techniques for dealing with volatility, uncertainty and risk in business and investment. Rather than relying only on general managerial skill or good fortune to deal with risk, business enterprises as well as government agencies are looking more and more to a modern, structured, formalized and consistent approach for recognizing and handling risk, change and uncertainty. This is the field of enterprise risk management (“ERM”). The payoff is in safer investment, better decisions and better project outcomes, products and services.

ERM provides the knowledge, tools and processes to help organizations and business managers become more effective at anticipating, responding to and managing the variability and uncertainty inherent in business and markets.

This course guides the participant step-by-step through a practical understanding and application of enterprise risk management with the aim of helping them to improve their organization’s attention to risk and risk control and getting value from that. It bridges theory and practice, using real-life case studies and practical examples from the presenter’s own experience. These cases and examples encompass a range of industries, utilities and infrastructure projects, private and public sectors and cover strategic, financial and operational risk issues.

The course adopts a workshop style, with extensive group interaction, discussion, exercises and review of cases aimed at covering key principles and providing tools and tips for effective ERM implementation. Participants are also encouraged to bring along their own ERM example or problem issue appropriate for group discussion if they wish.