Elements of Risk Management 1 Day Workshop | Chicago, IL

• Duration: 1-Day Practical Training (8 Hours)
• Timing: 9:00 AM – 5:00 PM (including breaks)
• Location: Location shared via email ( Complete Address )
• Format: Classroom Training (Virtual option available on request)
• Language: English
• Certificate: Course Completion Certificate
• PDUs Awarded: 8 Professional Development Units
• Contact: [email protected]

In today’s interconnected digital economy, organizations face growing risks related to technology, compliance, data security, and operational continuity. Managing these risks effectively is no longer optional—it is a core management responsibility.

The Elements of Risk Management – 1 Day Workshop provides a practical and structured introduction to enterprise and IT risk management. This program focuses on how organizations can identify, analyze, prioritize, and manage risks in alignment with business objectives, regulatory expectations, and global best practices.

Rather than treating risk management as a purely technical task, this workshop emphasizes its role as a strategic governance and decision-making function. Participants will gain a clear understanding of how risk impacts organizational performance and how a structured risk management approach supports resilience, compliance, and long-term success.

This workshop introduces widely adopted frameworks and standards such as ISO 31000, NIST Risk Assessment Methodology, and COBIT (4.1 & 5), helping participants understand how these frameworks are applied in real enterprise environments.

By the end of the day, participants will be equipped with the knowledge and confidence to contribute meaningfully to risk assessments, governance initiatives, audits, and enterprise risk management programs.

Primary Audience
Internal and External Auditors (IT, Financial, Operational)
Risk and Compliance Officers
GRC Professionals and IT Governance Teams
Information Security and IT Management Professionals

Secondary Audience
Management and Risk Consultants
Finance Controllers and Business Analysts
Human Resources and Facilities Management Leaders
Senior Managers involved in policy, compliance, or governance

Understand core risk management concepts and terminology
Identify different categories of enterprise and IT risks
Apply qualitative and quantitative risk assessment approaches
Align risk management activities with business and governance goals
Understand ISO risk management principles and structure
Explore COBIT components related to IT risk governance
Apply the NIST 9-step IT risk assessment methodology
Document and communicate risk using structured reporting methods
Understand how risk management supports corporate governance

Build a strong foundation in enterprise and IT risk management
Improve communication with auditors, regulators, and stakeholders
Gain practical insight into global risk management frameworks
Enhance your professional value in governance, risk, and compliance roles
Learn how to support proactive decision-making and risk ownership

09:00 AM – 09:30 AM
Registration, Welcome & Workshop Overview
Understanding workshop objectives and participant expectations

09:30 AM – 10:45 AM
Module 1: Foundations of Risk Management
Risk definitions, concepts, and terminology
Types of risk: strategic, operational, financial, compliance, IT
Risk vs uncertainty and impact on organizational objectives

10:45 AM – 11:00 AM
Tea / Coffee Break

11:00 AM – 12:15 PM
Module 2: Risk Management Frameworks and Standards
Overview of ISO 31000 principles and structure
Introduction to COBIT 4.1 and COBIT 5 risk components
Understanding governance, risk ownership, and accountability

12:15 PM – 01:00 PM
Module 3: Defining Risk Management Goals and Policies
Establishing risk appetite and tolerance
Risk management objectives aligned with business strategy
Policy requirements and documentation best practices

01:00 PM – 02:00 PM
Lunch Break

02:00 PM – 03:15 PM
Module 4: NIST IT Risk Assessment Methodology
Overview of the 9-step NIST risk assessment process
Identifying threats, vulnerabilities, and controls
Assessing likelihood and business impact

03:15 PM – 03:30 PM
Tea / Coffee Break

03:30 PM – 04:30 PM
Module 5: Risk Analysis, Documentation & Reporting
Risk evaluation and prioritization techniques
Preparing risk registers and risk statements
Introduction to Statements of Risk Management
Communicating risk to management and stakeholders

04:30 PM – 05:00 PM
Workshop Summary, Key Takeaways & Next Steps
Q&A and discussion on practical application

🎓 Certification

All participants will receive a Certificate of Completion from LearneRRing, recognizing their achievement.

Exclusive OffersGroup Discounts:10% off for groups of 5-10 participants15% off for groups of 11-20 participants

Corporate & Team Training Available

Want this course delivered at your workplace or for your team? We offer customized onsite and virtual sessions for companies.📩 Email us at [email protected] for details.

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