Enterprise Risk Management (ERM) Frameworks
Tutor-Led Class @ NGN250,000.00 per Participant
Online @ NGN230,000.00 per Participant
On-Site available on formal request
Venue: Workproskills Training Centres
Dates: Lagos (Oct. 6 - 10, 2025), Abuja (Oct. 20 - 24, 2025), Port Harcourt (Oct. 13 - 17, 2025), Ota (Oct. 27 - 31, 2025)
Time: 0900Hr - 1600Hr Daily
Course Overview
This intensive 5-day training course provides a comprehensive foundation in Enterprise Risk Management (ERM) frameworks, designed to help organizations proactively identify, assess, and manage risks across all business units. Participants will explore the strategic importance of ERM, its integration into governance and decision-making, and the tools used to build a resilient risk culture. Through case studies, simulations, and group exercises, attendees will gain practical insights into implementing ERM programs that align with organizational objectives and regulatory expectations.
The course emphasizes the COSO and ISO 31000 frameworks, risk appetite and tolerance, risk registers, control design, and reporting mechanisms. It is ideal for professionals seeking to elevate their risk management capabilities and embed ERM into strategic planning and performance management.
Learning Objectives
- Understand the principles and components of ERM frameworks
- Identify and categorize enterprise-wide risks using structured tools
- Design and implement effective risk mitigation and control strategies
- Integrate ERM into strategic planning, governance, and performance management
- Develop and maintain risk registers, dashboards, and reporting systems
- Apply COSO and ISO 31000 standards in real-world scenarios
Who Should Attend
- Risk managers and analysts
- Internal auditors and compliance officers
- Board members and senior executives
- Financial controllers and consultants
- Professionals involved in governance, strategy, or performance management
Course Outline
Day 1 – Foundations of ERM
- Definition, scope, and evolution of ERM
- Benefits and challenges of implementing ERM
- Overview of COSO and ISO 31000 frameworks
- ERM maturity models and organizational readiness
Day 2 – Risk Identification and Assessment
- Risk taxonomy and classification
- Techniques for identifying strategic, operational, financial, and compliance risks
- Qualitative and quantitative risk assessment methods
- Developing and maintaining a risk register
Day 3 – Risk Response and Control Design
- Risk treatment strategies: avoid, reduce, transfer, accept
- Designing effective internal controls
- Monitoring and evaluating control effectiveness
- Linking controls to risk appetite and tolerance
Day 4 – ERM Integration and Governance
- Embedding ERM into strategic planning and decision-making
- Board oversight and executive accountability
- Risk culture and communication strategies
- Performance metrics and risk-adjusted KPIs
Day 5 – ERM in Practice
- Case studies from banking, telecom, and manufacturing sectors
- Group simulation: building a risk dashboard
- Capstone presentations and peer review
- Action planning for ERM implementation
Course Details
Duration: 5 days
Time: 9:00 AM - 4:00 PM daily
Venue: Workproskills Training Centres (Lagos, Abuja, Port Harcourt, Ota) + Virtual option
Fees & Inclusions
NGN250,000 per participant. Includes training materials, refreshments, certificate, and access to post-course resources.
Certification
Certificate of Completion in Enterprise Risk Management Frameworks issued by Workmanskills Consult.