Enterprise Risk Management and Analysis

Course description

How can risks be identified, measured and managed? When should risk be accepted or rejected? Enterprise risk management is an integral technique that empowers a business with the necessary tools to adequately identify, analyze and mitigate potential risks. In this course, you will learn strategies and approaches to risk management as well as how to undertake sound decisions and obtain a competitive advantage.

With the advent of technology and the impacts it has made on businesses, companies are taking on increased levels of risk. This creates a need for companies to employ appropriate enterprise risk management strategies to monitor and mitigate these at suitable levels. This course has been designed to introduce external and internal drivers, resulting in a range of operational, financial and strategic risks manifesting in organizations. Firstly, we will examine the concepts and types of risk. But do you know that there are also positive sides to risk? Discover these and learn the theoretical foundation of enterprise risk and the concept of risk and volatility, uncertainty, complexity and chaos. In addition, we will explore the 'nonlinear dynamics systems theory’, system theory application and how to apply the ‘ARCH model’ in financial markets.

If you ask investors what risk they assume when buying stocks, their likely response would be ‘losing money’. However, modern portfolio theorists do not define it as a ‘likelihood of loss’ but as ‘volatility’, which is determined using statistical variance measures such as standard deviation and beta. In a surging market, however, high volatility can foster the return potential of an investment. In other words, volatility is essentially a double-edged sword and does not measure what an investor innately perceives as a threat. Here is your chance to analyze and evaluate the measurement of enterprise risk management by utilizing different approaches such as value at risk, coefficient of variance, correlation and regression and many more.

Enterprise risk management and analysis are affected by an entity's board of directors, administration and other personnel. It is applied in strategy settings and across the enterprise, designed to identify likely events that may influence the entity and manage risk within its risk palate to provide reasonable assurance regarding the achievement of entity objectives. By taking this course, we equip you with top-level technical skills, strategies and the ability to make sound decisions that will keep your organization away from financial troubles and unhealthy choices that may spell doom for your organization. Gain all the skills needed to identify risks, assess what should be eliminated or mitigated and effectively harmonize regulatory and compliance matters. This course is for anyone interested in risk management, finance or internal audit. There are no prerequisites for taking this course. Just click on the ‘Start’ button and enroll!