Joining up the risk picture
Enterprise risk management and COSO.
- Level
- Bitesize
- Learning time
- 1 hour 15 minutes
- Where
- Strategic Risk
- Price
- £39
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Read the full terms
Certificate of Completion
Overview and Outcomes.
Overview
When every department keeps its own register, no one sees the whole picture. This module explains what enterprise risk management adds beyond siloed registers, drawing on John Hampton's account of aggregated exposure, cross cutting themes and a common risk language. It works through the five components of the COSO 2017 framework and sets out what genuine implementation requires, so that one organisation has one risk picture. The risks worth worrying about keep changing faster than the frameworks built to manage them. This module explains Nassim Nicholas Taleb's black swan and its three characteristics, uses the 2008 financial crisis to show an industry wide blind spot, and maps the frontier of digital, cyber, climate and geopolitical risk. Drawing on John Hampton, it sets out how to move from a static register to continuous risk sensing.
What you'll develop
In this Bitesize, you will develop the ability to:
- Explain what enterprise risk management adds that siloed departmental registers cannot see, including aggregated exposure and cross cutting themes.
- Describe the five components of the COSO 2017 framework and how they work as one connected system.
- Identify the three requirements for genuine implementation: a visible owner, a shared risk taxonomy and regular, honest aggregation.
- Explain the three characteristics of a black swan and why such events expose the limits of prediction.
- Identify the distinctive features of digital and cyber, climate and geopolitical risk and why each needs an enterprise wide view.
The Modules.
1 hour 15 minutes of learning.
- 04Enterprise Risk Management and COSOWhen every department keeps its own register, no one sees the whole picture. This module explains what enterprise risk management adds beyond siloed registers, drawing on John Hampton's account of aggregated exposure, cross cutting themes and a common risk language. It works through the five components of the COSO 2017 framework and sets out what genuine implementation requires, so that one organisation has one risk picture.38 min
- 05Evolving Enterprise Risk Management and Emerging RiskThe risks worth worrying about keep changing faster than the frameworks built to manage them. This module explains Nassim Nicholas Taleb's black swan and its three characteristics, uses the 2008 financial crisis to show an industry wide blind spot, and maps the frontier of digital, cyber, climate and geopolitical risk. Drawing on John Hampton, it sets out how to move from a static register to continuous risk sensing.37 min
Go deeper, and pay only the difference
- You are hereBitesize, 1 hour 15 minutes, £39
- Next stepFocus, Building the risk picture, 3 hours 30 minutes, £69. Already own the Bitesize? You pay £30.
- Explore, Seeing the risk, 4 hours 30 minutes, £129. Already own the Bitesize? You pay £90.
- The whole topicImmerse, Risk worth taking, 9 hours 30 minutes, £249. Already own the Bitesize? You pay £210.
When you step up to a higher level, what you paid in the last 12 months for lower-level courses inside the bigger course comes off its price, in proportion to how much of each is inside it, whichever topic it's from. Courses at the same or a lower level don't give credit against each other. A Focus course or above always costs at least £15. Prices per person. Read the full terms
Other Bitesize in the Strategic Risk topic
- Why risk belongs to leadersRisk management basics for leaders45 minutes£39
- Risk as part of the planRisk culture and risk in strategy1 hour 30 minutes£39
- How much risk is enough?Risk assessment and board risk appetite1 hour 15 minutes£39
- When reputations are on the linePublic sector risk and reputational risk1 hour 15 minutes£39
- What lies over the horizonGlobal and emerging risk case studies1 hour 15 minutes£39
- Odds, upside and downsideProbability and the risk-opportunity matrix1 hour 15 minutes£39