Getting Started with Enterprise Risk Management

Contact PI


  • Classroom

  • Onsite
Duration: 2 Days

This course provides an overview to the concepts, processes, and procedures necessary to successfully begin implementation of an Enterprise Risk Management (ERM) system. You will gain knowledge of the key RSA Archer ERM components through presentations and hands-on exercises.

What You Will Learn

  • Basic Risk Management terminology and methodologies
  • Illustrate the structure of the RSA Archer Risk Management Solution
  • Define business requirements related to Risk Management
  • Begin implementation of an Enterprise Risk Management program

Audience

Risk management team members who will be using the RSA Archer Risk Management solution to define, support, and maintain a risk management initiative. This may include managers, team leads, and anyone involved in scoping a risk project.

Prerequistes

Familiarity with RSA Archer eGRC framework and a general familiarity with organizational risk concepts

Course Outline

1. Introduction to Risk Management

  • What is Risk?
  • General Enterprise Risk Management Approach Overview
  • Types of Risk

2. Digging Deeper

  • Common Frameworks
  • Developing a Common Risk Taxonomy
  • Elements of Risk Management
  • Phases of Growth:
    • Risk Identification
    • Assessment
    • Decision
    • Treatment
    • Monitoring

3. RSA Archer Risk Management Solution

  • RSA Archer ERM Structure Components
  • ERM Processes and Key Integrations with Other Solutions
  • How RSA Archer Maps to Common Risk Frameworks

4. Top-Down Risk Assessment

  • Common Issues for Specific Industries/Business Types
  • Risk Identification
  • Risk Assessment
  • Risk Decision
  • Risk Treatment
  • Metrics Monitoring
  • Loss Monitoring
  • Overall Monitoring

5. Bottom-Up Risk Assessment

  • Create a New Risk Project
  • Complete Risk Assessments
  • Create Reports Based on New Data
  • Bring in Sample Model Data via Data Import
  • Create Dashboard that Incorporates Model Data's Impact on Business

Course Labs

In addition to lecture and demonstrations, this course includes hands-on labs designed to give you practical experience.