Surgent's Enterprise Risk Management Concepts and Strategy for Small and Medium-Sized Companies

Overview

2020 taught us that major risks can come at us from any direction and with barely a warning. All organizations operate in a risk environment, but all too often, they either don’t realize it or they don’t develop a strategy to deal with the risks. In this session, we will explore how risks work in both for-profit and not-for-profit organizations and how they can develop a strategy to identify, evaluate, and mitigate those risks. This program will not teach how to eliminate risks, but how to strategize how to reduce their total effect. We will liberally use case studies of both for-profit and not-for-profit companies to bridge the gap between concept and actual implementation. In each area we will explore what our experiences of the pandemic have taught us about this part of risk management.

Highlights

Overview of ERM and how it affects all organizations
What COVID-19 has taught us about risk management
Risk tolerance and developing a plan
Risk identification
Risk analysis
Risk responses
Strategy risk

Prerequisites

Experience in financial management of a small or midsize company

Designed For

CFOs, controllers, and finance professionals

Objectives

Understand how risks can both positively and negatively affect the organization
Learn more about how we could have been better prepared for the pandemic
Determine the nature of risk in both large and small organizations
Understand the tolerance for risk in the organization
Match risks to proper strategy
Perform risk analysis and evaluations
See how the strategy of the organization represents risk