Overview

The course “Board Perspective of Enterprise Risk Management” aims to provide the participants with a deeper understanding of the best practices of Enterprise Risk Management (ERM) from a board perspective.

 The course outline has been developed for risk management sub committee members (operation, project and commercialization) to meet the specific needs outlined by Mimos as indicated below.

 

No

Concern

Proposal

1

How sub committees can manage risk in a broader sense 

Adopting a Board Perspective of Enterprise Risk Management 

2

Best way to assess risk at Enterprise Level

Using a Prioritized Risk Heat Map for the Enterprise

3

Best way to document risk in a strategic and holistic manner

Developing an integrated system of risk reports

4

Best way for sub committees to collaborate / communicate effectively

Ensuring coherence and calibration across business units

5

Best way for sub committees to think strategically and be alert to changes

Link overall Risk Appetite with Risk Strategy with Risk Ownership

6

How to undertake early intervention of identified strategic risks

Undertake scenario planning exercise

 

The concerns raised revolved around difficulties associated with integrating risk maps developed sporadically by different business units into a holistic integrated manner to enable risk related decisions to be made at the Enterprise Level.

 

This problem may be addressed by identifying and integrating key dimensions associated with Enterprise Risk Management. These dimensions include:

 

  1. Risk Transparency and Insight
  2. Risk Appetite and Strategy
  3. Risk related business process and decisions
  4. Risk organization and governance
  5. Risk culture

Enterprise Risk Management

Objectives

Terminal Objective for Project Risk Management

 

The terminal objective of this program is that the participants will be able to independently identify, analyze and integrate Enterprise Risk Management issues from a board perspective. Essentially they will be able to integrate risk management processes being undertaken in different divisions and units to form an integrated whole from whence board level decisions made be taken at an Enterprise Level.

 

At the end of the program the participants will be able to

 

  1. Recognize different dimensions of risk associated with ERM
  2. Identify different elements that have to be analyzed for risk transparency
  3. Assess continued relevance of risks appetites and risk strategy
  4. Conduct business scenario planning based on existing scenarios
  5. Establish risk related business process and decisions  
  6. Strategize actions to be taken for risks organization and governance issues
  7. Develop a clear understanding of the organizations risk culture
Program Content

Program Content

Day 1

 

Time

Activity

9.00

Introduction and Overview

9.05

Pre Test for Enterprise Risk Management

9.15

Introduction to Enterprise Risks Management

9.45

Strategic Risks  

10.30

TEA BREAK

10.45

Change / Project Risks  

11.15

Operational Risks

13.00

LUNCH

14.00

Unforeseen / Unforeseeable Risk

14.30

Enterprise Wide Risk Management System, EWRMS

15.30

TEA BREAK

15.45

EWRMS and Business Continuity

16.15

Enterprise Wide Risk Management system

16.45

Overview of Governance, Risk and Compliance

17.30

Question and answer and wrap up for day 1   


 Day 2
 

Time

Activity

9.00

Recap of previous day’s session

9.05

Risk transparency and Insight  

9.45

Developing a prioritized risk heat map

10.30

TEA BREAK

10.45

Ensuring coherence and calibration across business units

11.15

Looking beyond likelihood and impact

11.45

Developing an integrated system of risk reports

·         Enterprise view of risk

·         Risk and Business Unit Synthesis

·         Detailed risk sections

13.00

LUNCH

14.00

Overall Enterprise Risk Appetite and Risk Strategy

14.30

Assessing Risk Appetite using different scenarios

14.45

Scenario Planning Exercise 

15.30

TEA BREAK

15.45

Group based activity - Risk Culture Assessment

16.30

Principles for designing a best practice risk organization  

17.00

Question and answer and wrap up for day 2

     * The Group based activity will be undertaken to enable the participants to apply the

     apply the project risk management concepts for better understanding of their

    relevance in managing risk within the Enterprise.

Training Facilitator

Dr Rumesh Kumar is a certified professional trainer, certified knowledge manager, certified project management professional, certified scrum trainer, and certified tetramap facilitator. He specializes in the areas of project management, knowledge management and organizational diagnostics.

In addition to being the Managing Director of the Sharma Management International, he is the Senior Denison Consulting Partner for Denison Consulting USA and the Regional Director for Kanzen Institute Asia Pacific.

Dr Rumesh is presently involved in undertaking post project reviews, and performance improvement in various projects, competency assessment and developing competency development programs as well as organizational culture profiling for senior managers in different organizations both in Malaysia and abroad.

Based on his extensive involvement in conducting management courses, Dr Rumesh undertook a series of post review sessions and was able to use the learning outcomes as learning points for sharing of real life management.

He has conducted training programs for many well-known and reputable organizations both in Malaysia as well as abroad. He has designed, developed as well as conducted training programs for well over 2,500 executives in numerous multinationals, government linked as well as business enterprises in the areas relating to managing people and business strategies both in Malaysia and abroad.

In addition to designing and conducting corporate level training, he also specializes in providing consulting services such as organizational diagnostic assessments, competency assessment, cultural and leadership profiling as well as continual productivity improvement.

Enquiry Form

Contact Address

Sharma Management International

16-4, Subang Business Center

Jalan USJ 9/5T

47500, Selangor Darul Ehsan

Phone: +603.5612.6230

Fax: +603.5612.6230

Email: contact@sharma.com.my

About Sharma Management International

Sharma Management International is a bottom line performance focused solutions provider. We offer professional certification courses, conduct organizational level diagnostics, undertake customized training programs and provide consulting services on issues that affect bottom line performance..