EDM7 - Implementing ERM Successfully – Risk Champions MasterClass

Synopsis

Implementing Enterprise risk management is no simple undertaking and requires continuous sustained effort. Recognizing at the outset that with ERM, the organization is undertaking a major cultural change by moving away from a silo risk approach to a more integrated and corporate wide one, it is critical to have to right people leading the way effectively. One or more senior management risk champion(s) needs to be identified who can exercise strong leadership to inspire and manage the required change and who can understand the value of Enterprise risk management and have a clear vision of how it links to corporate objectives.  Whether the ERM implementation process has been underway for some time or is just beginning, this workshop will train Risk Champions how to deal effectively with all the critical factors affecting the implementation. It is a dynamic methodology providing roadmaps on how to set and adjust the course anticipating or facing challenges potentially influencing the speed and success of the ERM implementation.

In summary, the purpose of this workshop is to train leaders/managers in charge of major risk management initiatives to be effective Risk Champions. This is about building the will and capacity for change—leading proactively the initiative and managing the change.

Seminar Outline

• Learning the theory and principles of human behavior in organization the roots of resistance to changes;
• Understanding the role of risk perception & mental models in organization and how to overcome organizational barriers that inhibit ERM change;
• Learn the role and characteristic of effective Risk Champions;
• Learn how to influence organizational culture and how it in turn influences decision making ;
• Indentify and build a comprehensive social network of change agents to influence people throughout the organization;
• How to establish a corporate focus for risk management and build the business case;
• How to communicate corporate direction for risk management;
• How to integrate risk management into existing decision-making structures;
• How build organizational capacity for change;
• How to measure the value created;
• And many more..