Building a Game-Changing Risk Management System: Integrating the best elements of ISO 31000

Programme Overview

Good risk management supports the achievement of organisation objective and has a vital role to play in ensuring that an entity is properly run. Historically, risk management was managed in silos without an enterprise view of the risks that were managed at subsidiary, divisional, departmental and unit levels. However, at the turn of the 21st century, a new approach to managing risk termed Enterprise Risk Management (ERM) emerged. Enterprise risk management is about adopting a holistic and integrated approach to managing risk. The ability to identify and manage risk in a holistic and integrated manner has never been more obvious. The 2008 global financial crisis made many organisations and risk professionals to use a new lens to view how risk was being managed and how the risk management process could be improved upon. Professional risk management associations such as the Institute of Risk Management and the Global Association of Risk Professionals (GARP) as well as renowned global bodies such as ISO and COSO were not left out in the new wave of change in risk management practice.

This highly interactive, compressed and Intense three-day programme explores how risk management practitioners, compliance practitioners, internal auditors, AML practitioners and others can act as catalyst to the integration of the best elements of ISO 31000, COSO ERM Framework and the IRM Risk Management Standard to design a robust ERM Framework for their organisation.

Participants will learn through our blended learning approach, including presentations, case studies, role plays, insight from real-world practitioners and theoretical and empirical evidence on the benefits of adopting leading practice standards.

The programme provides a robust and comprehensive insight to the subject of ERM from the perspective of ISO 31000, COSO ERM Framework (2004 and 2017) and the IRM Risk Management Standard. The programme explores key features of each standard/framework with a view to providing participants with improved knowledge and practical skills to adopt the best elements of all three standards to implement a leading practice framework for their organisations.

Programme Objective

To provide a robust and comprehensive insights into the subject of enterprise risk management (ERM) as presented by ISO 31000, COSO ERM Framework and the IRM Risk Management Standard with a view to proving participants with requisite knowledge and practical skills to adopt the best elements of all three standards to design a robust ERM framework for their organisation. By the end of the programme each participant will have:

   Deep understand of ISO 31000, ISO 31010 and ISO Guide 73
   Sound knowledge of COSO ERM Framework 2004 and COSO ERM Framework 2017
   A clear understanding of the IRM Risk Management Standard
   The necessary skills to design and implement a best-in-class, integrated, comprehensive, holistic and robust ERM framework that mirror the best elements of all three standards
   A real-world approach to transform his or her organisation’s ERM framework


We are first a research company, and everything we do, be it training or consulting, is based on research we have conducted ourselves or those conducted by others. So, we do not just train on the basis of emotions. Our training programmes are based on strong theoretical and empirical findings. These findings allow us to provide our programmes’ participants up to date perspective on areas of interest.

In addition, we are locals and we understand the business environment. We have a good blend of both consulting and real-world day-to-day practical business experience in Nigeria. We have folded our sleeves before and we can fold it for you. Indeed, we are not just trainers and facilitators, we have a good understanding of how things are done in practice in Nigeria. We pride ourselves to be subject matter experts (SMEs) in the areas we train on. If we cannot provide contemporary insights and in-depth knowledge on a particular subject area, then we would say it from the outset.

Furthermore, we have developed our competencies in a lot of areas and we can be a one-stop shop for your organisation in terms of consulting, training and research (qualitative or quantitative) in the areas of leadership, governance, strategy, change management, risk management, compliance, AML/CFT (for financial institution), ethics, team functionality, emotional intelligence, legendary customer service, internal control and standard operating procedures (SOPs) development. We also go out of our way to adopt the best model for each training programme we offer and we are even ready to go “Down Under” (Australia) if that is where we will find the best model. Aut Optimum Aut Nihil; this Latin maxim is not just a philosophy to us, we live it.

Finally, we have few partner firms in South Africa that we can occasionally collaborate with in areas where we need additional capacity.

Why Attend this Programme?

This programme gives you, your team and your organisation the opportunity to acquire leading practice techniques to integrate the best elements of globally recognised risk management frameworks and standards. You will learn why different leading practice jurisdictions have different preferences regarding the three standards.

With this programme, you will benefit from:

   Condensed, 3-day ERM framework integration training
   Practical ERM strategies to integrate the best elements of ISO 31000, COSO ERM Framework and IRM Risk Management Standard
   Real-world examples and suggestions for developing a fit-for-purpose ERM Framework
   Business-proven approaches to developing leading practice ERM Framework
   Out-of-the-office focus on Enterprise Risk Management ERM framework design and implementation – away from distractions, phone calls, meetings and other interruptions

Lagos, Nigeria
07-09 April and 01-03 July, 2021

Fee (exclusive of tax) 

N 275,999.50 (US$766.67 for foreign participants). Special 10% discount for groups of 4 or more.