ENTERPRISE RISK MANAGEMENT
Overview:
Managing risk is iterative and assists organizations in setting strategy, achieving objectives and making informed decisions. It is a part of governance and leadership, and is fundamental to how the organization is managed at all levels. It contributes to the improvement of management systems. Managing risk is part of all activities associated with an organization and includes interaction with stakeholders. Managing risk considers the external and internal context of the organization, including human behaviour and cultural factors. Managing risk is based on the principles, framework and process outlined as illustrated in figure below. These components might already exist in full or in part within the organization, however, they might need to be adapted or improved so that managing risk is efficient, effective and consistent.Contents of program
- Communication and consultation
- Scope, context and criteria
- Risk identification, risk analysis and risk evaluation
- Selection of risk mitigation options
- Preparing and implementing risk mitigation plans
- Monitoring and review
- Recording and reporting
- Guidance for process specific risk management
The coverage includes the following topics:
- Communication and consultation
- Scope, context and criteria
- Risk identification, risk analysis and risk evaluation
- Selection of risk mitigation options
- Preparing and implementing risk mitigation plans
- Monitoring and review
- Recording and reporting
- Case Studies
- Participants are certified as BSP Gold, Silver or Bronze as per their score in an online test
- This certificate may be used by the organization as eligibility criterion for those taking up management responsibilities
- Following the registration for the program, participants are provided access to online training material which they can go through at their pace