Book a Demo
Price $16.00/ license
Online Courses Professional Development Business Skills Enterprise Risk: Application of Risk to Business Enterprise

Enterprise Risk: Application of Risk to Business Enterprise

Created by: Sentinel | 9
5.0 752 views Prime
Last Updated 11/2020
English
Export to your LMS
Full Lifetime Access
Self-Paced
Finish in
60 mins!
Made for for
Employees
only
No Certificate
Provided
Mobile -
Friendly
Access

What you'll learn

Understand the basic theories and concepts in risk management and the relationship to areas of finance, operations, IT, innovation and development.
Demonstrate the use of the valid and effective tools for identifying, assessing and quantifying risk.
Use expert judgement to develop effective business cases for intangible issues such as potential risk and future rewards, to a level suitable for executive management decision making.

Skills covered in this course

8.4 Enterprise Risk 4 - Application of Risk to Business Enterprise

Overview

FAQs

Description

Description: This course has been designed to introduce external and internal drivers that can result in a range of operational, financial, and strategic risks manifesting in organisations. This course examines the role of corporate governance and compliance, introducing relevant standards, and suggests methods of developing and implementing appropriate risk management strategies.

This course features dynamic and engaging video with audio narration, infographics and short quizzes to test your knowledge.

 

Background: Enterprise risk management deals with risks and opportunities affecting value creation or preservation, defined as follows:

Enterprise Risk Management
Is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.

The definition reflects certain fundamental concepts. Enterprise risk management is:

• A process, ongoing and flowing through an entity
• Effected by people at every level of an organization
• Applied in the strategy setting
• Applied across the enterprise, at every level and unit, and includes taking an entity level portfolio view of risk
• Designed to identify potential events that, if they occur, will affect the entity and to manage risk within its risk appetite
• Able to provide reasonable assurance to an entity’s management and board of directors
• Geared to the achievement of objectives in one or more separate but overlapping categories.

Achievement Of Objectives
Within the context of an entity’s established mission or vision, management establishes strategic objectives, selects strategy, and sets aligned objectives cascading through the enterprise. This enterprise risk management framework is geared to achieving an entity’s objectives, set forth in four categories:

• Strategic – high-level goals, aligned with and supporting its mission
• Operations – effective and efficient use of its resources
• Reporting – reliability of reporting
• Compliance – compliance with applicable laws and regulations.

Author

Sentinel | 9

90 Courses

Sentinel | 9 specializes in Business Education and Professional Development for managers and executives. Their catalog includes courses in Business Strategy, Marketing, Finance, and Digital Transformation. Each program blends academic knowledge with workplace application, making them ideal for corporate learners. Sentinel | 9 helps organizations strengthen management capabilities while supporting ongoing employee development. Their concise, modular training aligns with the needs of today’s business environment.

Frequently Asked Questions

This course is designed for employees who need to complete Enterprise Risk: Application of Risk to Business Enterprise training

Yes. Refund requests can be submitted within 30 days of purchase.

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 60 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

Yes. This course is available for free with an active Prime Subscription.