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Risk management is the identification, evaluation, and prioritization of risks to control the probability or impact of unfortunate events. Register to watch these specially curated modules on enterprise risk management, take the test, score 60% & be eligible for a certificate.

Contents

Understanding risk and enterprise risk management.


Understanding risk and enterprise risk management (10 minutes)

Q.1 Risk is the _____ of ______ on ________
Q.2 Enterprise risk management does not cover financial risks.
Q.3 Financial risk management covers all categories of risks that may impact the organisation financially or otherwise
Q.4 Risk refers to events with negative outcome

Process of enterprise risk management


Process of enterprise risk management (30 minutes)

Q.1 The first step in the ERM process is:
Q.2 Process of ERM should ideally be reviewed:
Q.3 It is the _________’s responsibility to provide oversight and ensure that an effective process for identifying, assessing and mitigating risks exists within the company.
Q.4 __________ is / are responsible for executing the ERM process across the enterprise

Risk categories, IRM risk wheel, risk taxonomy

Risk categories, IRM risk wheel, risk taxonomy
IRM risk universe - understanding the categories of risks (10 minutes)

Q.1 Delays in land acquisition is an example of a
Q.2 The IRM Risk Wheel is a tool used by organisations in
Q.3 External risks can be
Q.4 Risks can be broadly classified as financial, geo-political, technology, environmental, social and _____________
Q.5 A systemic risk is

Regulatory requirements in India

Regulatory requirements in India (15 minutes)

Q.1 SEBI has recently mandated the top ______ listed companies by market capitalisation to set up a risk management committee (RMC) and where applicable, hire a __________
_____________________________________________

Evolution of risk management

Evolution of risk management (10 minutes)

Q.1 Pre-1500, risk management was more linked to:
Q.2 Treadway Commission under SEC was established in

IRM Standards, ISO Guidelines and COSO Framework

IRM Standards, ISO Guidelines and COSO Framework (15 minutes)

Q.1 COSO’s latest ERM framework was released in
Q.2 The difference between the old and new COSO framework is
Q.3 ISO 31000:2018 provides a common approach to managing any type of risk and is not industry or sector specific
Q.4 ISO 31000:2018 provides framework, principles and ________ in risk management

Pandemic-related risks - history, grey rhino or black swan, what should organizations prepare for?

Pandemic-related risks - history, grey rhino or black swan, what should organizations prepare for? (15 minutes)

Q.1 Dangers that are slow moving, obvious and yet conveniently ignored
Q.2 Highly improbable events, impossible to predict, which have a massive impact on the world. These are:
Q.3 A pandemic kind of risk can be
Q.4 Following is an immediate impact of a pandemic risk

Role of ERM (6 minutes)

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Awarded to



for completing the Enterprise Risk Management Training Module
organized by India Risk Management Awards in association with
Institute Of Risk Management (IRM)- India Affiliate
in the date of 15 March 2025


This participation certificate is only for the short free module as part of India Risk Management Awards & does not grant any exemption to IRM’s qualification or CPD requirements.

Overview

Speakers

Kosha Parekh

IRMCert
Head of Academics, IRM India Affiliate

Hersh Shah

SIRM,
Chief Executive Officer, IRM India Affiliate

Course Details

A specially curated comprehensive guide on Enterprise Risk Management by the Institute of Risk Management - India Affiliate which highlights the evolution of risk management, understanding risk management, risk categories, processes, pandemic-related risks, RM function in MSMEs and various other topics.

Watch the visual guide and gain the mentorship of risk experts.

This is a short free module as a part of India Risk Management Awards and does not grant any exemption to IRM’s qualification or CPD requirements.

This is a short free module as a part of India Risk Management Awards and does not grant any exemption to IRM’s qualification or CPD requirements.