Five-day professional programmes in 14 citiesClassroom, online and in-house info@aractech.com +31 85 7444446

Course AGRC-043

Enterprise Risk Management Frameworks: ISO 31000 and COSO ERM in Practice

Organisations face a wider and faster-moving range of risks than ever before, from strategic disruption and regulatory c... The outline covers Foundations of Enterprise Risk Management, Governance, Culture and Risk Appet...

  • 5 daysClassroom or online
  • 49Upcoming dates
  • 12Cities
  • €1,825Fees from

Choose your format and date

  • 5 days
  • 09:00–14:00
  • Certificate of attendance

Classroom sessions

  1. 7–11 Dec 2026

    London

    Next date
    €2,915 + VAT
    Register
  2. 14–18 Dec 2026

    Barcelona

    €2,275 + VAT
    Register
  3. 21–25 Dec 2026

    Frankfurt

    €2,175 + VAT
    Register
  4. 4–8 Jan 2027

    Kuala Lumpur

    €2,425 + VAT
    Register
  5. 11–15 Jan 2027

    London

    €2,915 + VAT
    Register
  6. 18–22 Jan 2027

    Barcelona

    €2,275 + VAT
    Register
  7. 25–29 Jan 2027

    Frankfurt

    €2,175 + VAT
    Register
  8. 1–5 Feb 2027

    Frankfurt

    €2,175 + VAT
    Register
  9. 8–12 Feb 2027

    Madrid

    €3,400 + VAT
    Register
  10. 15–19 Feb 2027

    London

    €2,915 + VAT
    Register
  11. 22–26 Feb 2027

    Barcelona

    €2,275 + VAT
    Register
  12. 1–5 Mar 2027

    Barcelona

    €2,275 + VAT
    Register
  13. 8–12 Mar 2027

    Frankfurt

    €2,175 + VAT
    Register
  14. 15–19 Mar 2027

    Munich

    €2,425 + VAT
    Register
  15. 22–26 Mar 2027

    London

    €2,915 + VAT
    Register
  16. 5–9 Apr 2027

    London

    €2,915 + VAT
    Register
  17. 12–16 Apr 2027

    Barcelona

    €2,275 + VAT
    Register
  18. 19–23 Apr 2027

    Frankfurt

    €2,175 + VAT
    Register
  19. 26–30 Apr 2027

    Paris

    €2,810 + VAT
    Register
  20. 3–7 May 2027

    Rome

    €2,830 + VAT
    Register
  21. 10–14 May 2027

    London

    €2,915 + VAT
    Register
  22. 17–21 May 2027

    Barcelona

    €2,275 + VAT
    Register
  23. 24–28 May 2027

    Frankfurt

    €2,175 + VAT
    Register
  24. 7–11 Jun 2027

    London

    €2,915 + VAT
    Register
  25. 14–18 Jun 2027

    Barcelona

    €2,275 + VAT
    Register
  26. 21–25 Jun 2027

    Frankfurt

    €2,175 + VAT
    Register
  27. 5–9 Jul 2027

    Barcelona

    €2,275 + VAT
    Register
  28. 12–16 Jul 2027

    Frankfurt

    €2,175 + VAT
    Register
  29. 19–23 Jul 2027

    Amsterdam

    €3,215 + VAT
    Register
  30. 26–30 Jul 2027

    London

    €2,915 + VAT
    Register
  31. 2–6 Aug 2027

    London

    €2,915 + VAT
    Register
  32. 9–13 Aug 2027

    Barcelona

    €2,275 + VAT
    Register
  33. 16–20 Aug 2027

    Frankfurt

    €2,175 + VAT
    Register
  34. 23–27 Aug 2027

    Cape Town

    Lowest fee
    €1,825 + VAT
    Register
  35. 6–10 Sep 2027

    London

    €2,915 + VAT
    Register
  36. 13–17 Sep 2027

    Barcelona

    €2,275 + VAT
    Register
  37. 20–24 Sep 2027

    Frankfurt

    €2,175 + VAT
    Register
  38. 4–8 Oct 2027

    Frankfurt

    €2,175 + VAT
    Register
  39. 11–15 Oct 2027

    Geneva

    €3,315 + VAT
    Register
  40. 18–22 Oct 2027

    London

    €2,915 + VAT
    Register
  41. 25–29 Oct 2027

    Barcelona

    €2,275 + VAT
    Register
  42. 1–5 Nov 2027

    Barcelona

    €2,275 + VAT
    Register
  43. 8–12 Nov 2027

    Frankfurt

    €2,175 + VAT
    Register
  44. 15–19 Nov 2027

    Istanbul

    €2,825 + VAT
    Register
  45. 22–26 Nov 2027

    London

    €2,915 + VAT
    Register
  46. 6–10 Dec 2027

    London

    €2,915 + VAT
    Register
  47. 13–17 Dec 2027

    Barcelona

    €2,275 + VAT
    Register
  48. 20–24 Dec 2027

    Frankfurt

    €2,175 + VAT
    Register
  49. 27–31 Dec 2027

    Kuala Lumpur

    €2,425 + VAT
    Register

Online / Live sessions

  1. 7–11 Dec 2026

    Live virtual classroom

    Next date
    €1,625 + VAT
    Register
  2. 14–18 Dec 2026

    Live virtual classroom

    €1,625 + VAT
    Register
  3. 21–25 Dec 2026

    Live virtual classroom

    €1,625 + VAT
    Register
  4. 4–8 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  5. 11–15 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  6. 18–22 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  7. 25–29 Jan 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  8. 1–5 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  9. 8–12 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  10. 15–19 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  11. 22–26 Feb 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  12. 1–5 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  13. 8–12 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  14. 15–19 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  15. 22–26 Mar 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  16. 5–9 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  17. 12–16 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  18. 19–23 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  19. 26–30 Apr 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  20. 3–7 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  21. 10–14 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  22. 17–21 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  23. 24–28 May 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  24. 7–11 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  25. 14–18 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  26. 21–25 Jun 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  27. 5–9 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  28. 12–16 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  29. 19–23 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  30. 26–30 Jul 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  31. 2–6 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  32. 9–13 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  33. 16–20 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  34. 23–27 Aug 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  35. 6–10 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  36. 13–17 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  37. 20–24 Sep 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  38. 4–8 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  39. 11–15 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  40. 18–22 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  41. 25–29 Oct 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  42. 1–5 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  43. 8–12 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  44. 15–19 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  45. 22–26 Nov 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  46. 6–10 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  47. 13–17 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  48. 20–24 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register
  49. 27–31 Dec 2027

    Live virtual classroom

    €1,625 + VAT
    Register

Introduction

Course overview

Organisations face a wider and faster-moving range of risks than ever before, from strategic disruption and regulatory change to cyber threats, supply chain failures and climate impacts. Boards and regulators increasingly expect a joined-up approach in which risk is considered alongside strategy and performance rather than managed in isolated silos.

This Enterprise Risk Management Frameworks training course explains the two most widely used reference frameworks, ISO 31000 and COSO Enterprise Risk Management, and shows how to turn them into a practical, working risk management system. Participants compare the principles, components and processes of each framework and learn how to design governance, risk appetite, assessment methods, registers and reporting.

Throughout the course the focus is on implementation: what good practice looks like, the common pitfalls that cause ERM to become a box-ticking exercise, and how to embed risk thinking into planning, decision making and daily operations.

View full course outline

What you will achieve

Learning objectives

  • Explain the purpose and value of enterprise risk management
  • Compare the principles and structure of ISO 31000 and COSO ERM
  • Design an ERM governance structure with clear roles and responsibilities
  • Define risk appetite and tolerance in practical, usable terms
  • Identify, assess and prioritise risks using consistent methods
  • Select and monitor effective risk responses and controls
  • Produce risk reporting that supports board and management decisions
  • Assess ERM maturity and plan improvements

Who should attend

Target audience

  • Chief risk officers and risk managers
  • Risk and compliance officers
  • Internal auditors and audit managers
  • Strategy and planning professionals
  • Senior managers responsible for risk ownership
  • Board and audit committee support staff
  • Professionals implementing or refreshing an ERM programme

Methodology

Learning approach

  • The course combines structured presentations with practical workshops. Participants map both frameworks against their own organisation, draft a risk appetite statement, run a risk assessment workshop, build a sample risk register and design a board risk report. Case studies show how organisations in different sectors have implemented ERM successfully and where they struggled.

Complete course outline

Five focused days of learning and application

The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.

Day 1

Foundations of Enterprise Risk Management

  1. The evolution from traditional risk management to ERM
  2. Why boards, regulators and investors expect integrated risk management
  3. Key risk concepts: uncertainty, objectives, likelihood and impact
  4. Overview of ISO 31000 principles, framework and process
  5. Coffee break
  6. Overview of ISO 31000 principles, framework and process (continued)
  7. Overview of the COSO ERM components and principles
  8. Similarities and differences between the two frameworks
  9. Exercise: mapping both frameworks to your organisation

Day 2

Governance, Culture and Risk Appetite

  1. ERM governance structures and the role of the board
  2. The three lines model and risk ownership
  3. Risk culture and its influence on behaviour and decisions
  4. Defining risk appetite, tolerance and capacity
  5. Coffee break
  6. Defining risk appetite, tolerance and capacity (continued)
  7. Translating appetite into limits and decision rules
  8. Integrating ERM with strategy setting and business planning
  9. Workshop: drafting a risk appetite statement

Day 3

Risk Identification and Assessment

  1. Establishing context, scope and risk criteria
  2. Techniques for identifying strategic, operational and emerging risks
  3. Designing consistent likelihood and impact scales
  4. Qualitative, semi-quantitative and quantitative assessment
  5. Coffee break
  6. Qualitative, semi-quantitative and quantitative assessment (continued)
  7. Interconnected risks and aggregation across the enterprise
  8. Building and maintaining a useful risk register
  9. Workshop: facilitating a risk assessment session

Day 4

Risk Response, Controls and Monitoring

  1. Choosing between avoiding, reducing, sharing and accepting risk
  2. Designing proportionate controls and action plans
  3. Key risk indicators and early warning signals
  4. Coffee break
  5. Monitoring risk treatment progress and effectiveness
  6. Linking ERM with internal control and compliance
  7. Using technology and risk management software
  8. Case study: responding to a rapidly escalating risk

Day 5

Reporting, Assurance and Continuous Improvement

  1. Designing risk reports for boards and executive committees
  2. Heat maps, dashboards and narrative risk reporting
  3. The role of internal audit in providing assurance on ERM
  4. Coffee break
  5. Assessing ERM maturity against recognised models
  6. Common reasons ERM programmes fail and how to avoid them
  7. Building a roadmap for ERM improvement
  8. Personal action plan for strengthening enterprise risk management

Ready to book?

Enterprise Risk Management Frameworks: ISO 31000 and COSO ERM in Practice

Next session: 7 - 11 December 2026, London

Course FAQs

Questions about this course

What participants and training managers usually ask before booking Enterprise Risk Management Frameworks: ISO 31000 and COSO ERM in Practice. Can't find your answer?

WhatsApp
What does Enterprise Risk Management Frameworks: ISO 31000 and COSO ERM in Practice (AGRC-043) cover?

This course covers Auditing and Governance Risk and Compliance through a structured five-day outline focused on practical application, discussion, and implementation planning.

When is the next available session?

The next scheduled session starts on 7 - 11 December 2026. See the course schedules section for the available dates and delivery formats.

Who should attend this course?

Chief risk officers and risk managers, Risk and compliance officers, Internal auditors and audit managers

Is bilingual course delivery available?

Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.

How can I register for a session?

Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.

Is this course available online as well as classroom-based?

Check the course schedules section for currently published classroom and Online / Live sessions.

Where are classroom sessions delivered?

Current classroom venues include London, Barcelona, Frankfurt, Kuala lumpur, Madrid, Munich, Paris, Rome, Amsterdam, Cape Town, Geneva, Istanbul.

How long is the training programme?

The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).