Enterprise Risk Management – Product Implementation 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. 

Learning Objectives: 

This 12 hour 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, practice and certification, trainees will have knowledge on how to implement and perform basic configurations on the ERM product which includes knowledge on: 

·        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 Configuration

o   Configuration Workbooks

o   Updating ERM LOVs

o   Updating ERM Data Tables

o   ERM Configuration Parameters

·        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 (Optional):

To be certified, you need to score a minimum of 75% on both the objective and practical assessment. You are allowed a maximum of 2 attempts to pass the certification tests. Please reach out to the instructor once you are ready for assessment. The maximum duration allowed for appearing for assessment is 2 weeks from the course assignment date.