Enterprise Risk Management – End User Course
Course Overview:
The MetricStream Enterprise Risk Management (ERM) product enables organizations to identify, assess, quantify, monitor, and manage their enterprise risk in an integrated manner. It brings together risk management related data including risks and their corresponding assessments. The product’s workflow capabilities streamline the risk assessment process, while risk heat maps enable organizations to set their priorities and make strategic decisions based on the risk response.
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Level |
Intermediate |
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Pre-Requisites |
Familiarity with Risk Management concepts |
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Content |
4 Hours |
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Practice |
4 Hours |
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Q&A with MSU |
2 Hours |
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Learning Objectives:
This course enables participants to set up key indicators for the organization's processes, risks and to track them against set thresholds; identify controls for mitigating the risks and frequently test and monitor their effectiveness; assess risks associated with business processes, objectives, and organizations; and track & monitor issues identified during the assessments.
The training is focused on making trainees understand the features, process, workflows, and functionalities of the Enterprise Risk Management Product. At the end of the training and practice, trainees will have knowledge on how to setup and perform risk assessments based on specific methodologies:
· Product Functionality & Use Case Workflow Usage
o Understand how to navigate the Enterprise Risk Management product
o Create Library Content
o Define/Approve/Respond to Metrics
o Create, approve, and manage Self-Assessment and Test plans
o Execute Self-Assessment and Test assessments
o Create, approve, and manage Risk Assessment plans
o Respond to Risk Assessment Tasks
o Create Risk Assessment Tasks
o Log, approve, manage, monitor, and close issues
o Simplified Risk Assessments for First Line
o Risk Treatment
· Product/Use Case Setup, User Management & Basic Administration
o Upload Library Content
o Define Risk Assessment Factors
o Create Risk Scoring Algorithms
o Create Risk Profiles
o Create Risk Perspectives
Practice & Facetime with Instructor:
Once you start the course, please reach out to MSU at [email protected] to get a practice instance allocated. Upon completion of course content and sufficient practice, reach out to your MSU instructor for your 2 hr Q&A session to clarify and address any open questions.
Certification Issued:
Participants will be issued a Course Completion Certificate on successful completion of the entire course.
Course content
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Lesson ERM: GRC Libraries
GRC Foundation is a comprehensive set of interlinked libraries that form the underlying GRC framework for all GRC-related activities across the enterprise. It is an add-on component to the base Met...
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Lesson ERM: Metrics
The Metrics module provides a comprehensive approach to define key performance or key risk indicators and a powerful framework to evaluate risks, core objects, controls or organizations and assess ...
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Lesson ERM: Self Assessment & Testing
Testing or Compliance Testing determines the extent to which the staff follow prescribed policies and procedures in actual practice. It compares procedures as executed against required or expected ...
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Lesson ERM: Risk Assessments
The Risk Assessments module enables organizations to identify, assess, quantify, monitor, and manage their enterprise risk in an integrated manner. It brings together all risk management related da...
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Lesson ERM: Issues Management
The Issues module allows companies to establish and follow consistent procedures for issue reporting, task management, and status reporting. It supports the identification and evaluation of issues ...
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Lesson ERM: Product Setup
MetricStream components can be tailored to specific requirements of an organization in different ways. This unit covers the most common requirements and functions performed by an 'Apps Administrator.
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Lesson ERM: Product Updates
Product enhancements to the Enterprise Risk Application. Includes enhancements from Colorado & Danube releases.
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Lesson ERM - Use Case
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Lesson ERM: Practice
Please reach out to your trainer for credentials to the practice instance before starting this unit.