The British Academy for Training and Development offers this training program on Enterprise Risk Management and Mitigation Mechanisms, which aims to equip participants with comprehensive knowledge of modern risk management concepts in today’s dynamic business environment. The program strengthens their ability to identify and analyze risk sources and develop appropriate preventive plans to address them.

This program responds to the growing need among institutions for integrated systems that ensure business continuity and the achievement of strategic objectives despite potential challenges and risks. It further seeks to develop participants’ skills in designing and implementing effective Enterprise Risk Management systems aligned with global best practices and standards, contributing to enhanced governance and improved decision-making processes within organizations.

The program focuses on integrating risk management into the institutional culture by establishing clear frameworks and policies, and implementing continuous monitoring and periodic evaluation mechanisms to ensure sustainability and promote institutional excellence.

Who Should Attend?

• Department directors and heads of divisions in public and private institutions.

• Risk management, compliance, and governance officers.

• Members of internal audit and corporate control teams.

• Consultants and analysts working in institutional development and strategic management.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the concept of Enterprise Risk Management (ERM) and its role in achieving institutional performance stability.

• Build an integrated system for identifying, analyzing, and assessing risks.

• Develop the ability to prepare effective strategies to mitigate the impact of potential risks.

• Enhance skills in designing and monitoring risk response plans and measuring their effectiveness.

• Promote a risk management culture as a key element of corporate governance and organizational excellence.

• Fundamental Concepts of Risk Management

  • Definition of enterprise risks and their importance in modern work environments

  • Differences between operational and strategic risk management

  • International standards and references in risk management (ISO 31000 and others)

• Components of the Risk Management Framework

  • Defining the scope and objectives of the risk management system

  • Allocating responsibilities within the risk management structure

  • Developing internal policies and procedures to apply ERM

• Identifying Sources and Types of Risks

  • Analyzing internal and external environments to identify risk sources

  • Classifying risks according to their nature and potential impact

  • Using analytical tools to prioritize risks

• Risk Assessment and Impact Measurement

  • Applying quantitative and qualitative methods for risk assessment

  • Developing a risk matrix to measure likelihood and impact severity

  • Creating and periodically updating a comprehensive enterprise risk register

• Risk Response Planning

  • Determining appropriate response alternatives for each type of risk

  • Building preventive and proactive plans to reduce the likelihood of risks occurring

  • Allocating resources and defining responsibilities for implementing risk-mitigation plans

• Risk Monitoring and Control Systems

  • Designing mechanisms for continuous risk monitoring and follow-up

  • Performance indicators related to risk management

  • Preparing periodic reports on risk exposure levels and response outcomes

• Integrating Risk Management into the Organizational Structure

  • Linking risk management with corporate governance and strategic decision-making

  • Aligning risk management activities with quality management and business continuity

  • The role of top management in promoting awareness of risk management importance

• Communication and Reporting in Risk Management

  • Establishing effective channels for information exchange on risks within the organization

  • Developing decision-maker-oriented reports on risk analysis results

  • Promoting a risk-aware culture among employees at all organizational levels

• Performance Evaluation and Continuous Improvement

  • Building a mechanism to regularly review and update the risk management system

  • Analyzing performance results to identify improvement areas

  • Integrating review outcomes into the organization’s future plans

• Digital Transformation in Risk Management

  • Using digital analytics tools and artificial intelligence for risk detection

  • Leveraging information systems to support risk-related decision-making

  • Developing a comprehensive risk management plan aligned with modern technological advancements