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    Capacity building: Enterprise risk management

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    Deon van der Westhuizen
    Free
    COSO 2017, or the Committee of Sponsoring Organizations of the Treadway Commission's updated framework, provides comprehensive guidance on enterprise risk management. It emphasizes integration with strategic planning, increased focus on culture and ethics, and effective governance to enhance decision-making and mitigate risks, promoting organizational resilience and success.
    Free

    Objectives

    Government is committed to the optimal management of risks to achieve its vision, mission and objectives. The management of risks is done through an ongoing process for identifying, evaluating and monitoring of strategic and operational risks and opportunities. Sound and sustainable risk management enables the Government to anticipate and respond to changes in its environment and to make informed decisions under conditions of uncertainty.

     

    Content

    The approach to risk management (ERM) has been adopted by the Government. It ensures a structured and systematic process of risk management within a unitary framework that is aligned to the Government’s governance responsibilities. ERM shall be embedded in the governance and control systems of all MDA’s and processes to ensure that Government’s response to risk remains current and dynamic.

    The capacitation program is built around the ERM Framework and includes video's, documents, practical exercises and quizzes to test the knowledge gained.

    COSO 2017 model

    The key elements that will turn risk into results are depicted below:

    Course Features

    • Lectures 24
    • Quizzes 17
    • Duration 52 weeks
    • Skill level All levels
    • Language English
    • Students 5
    • Certificate No
    • Assessments Yes

    Curriculum

    • 10 Sections
    • 24 Lessons
    • 52 Weeks
    Expand all sectionsCollapse all sections

    Features

    • COSO 2017 - updated ERM Framework

    Target audiences

    • Chief risk officers, risk owners, risk managers and internal auditors

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