Short Course on Practical Enterprise Risk Management and Risk Assessment

Thu Mar 30 2023 at 09:00 am to Fri Mar 31 2023 at 05:00 pm

Sunshine plaza Office Tower | Singapore

United Seas College
Publisher/HostUnited Seas College
Short Course on Practical Enterprise Risk Management and Risk Assessment
USC offers a course on risk assessment techniques that covers the latest Singapore standards and aligns with the SkillsFuture's Framework.
About this Event

All organizations are faced with internal and external factors and influences that bring about uncertainties in achieving their strategic objectives. During the life cycles of a company's products and services, there may be unexpected problems and risks that can negatively impact the organization and its reputation. It is the responsibility of top management to oversee and manage risks effectively. Without a proper assessment and understanding of the risks, the organization will remain reactive rather than proactive and unable to make informed, risk-based decisions.

This course offered by United Seas College aims to address this performance gap by covering the latest Singapore standards SS IEC 31010:2021 and SS ISO 31000 in risk assessment techniques, and aligning with SkillsFuture's Skills Framework in Risk Management, Governance, and Regulatory Compliance. The course addresses the Knowledge and Abilities requirements as outlined in the TSC Title: Product Risk Assessment (ICT-AUD-5010-1.1) given below.

Knowledge (K):

K1 - Risk assessment procedures

K2 - Relevant industry, regulatory and other external factors

K3 - Organisation's internal control environment

K4 - Nature of the organisation's business and product

K5 - Risk mitigation strategies

Abilities (A):

A1- Identify potential risk areas in a product through understanding the organisation's business, product and its market environment, objectives, and strategies, as well as business risks, including internal control

A2 - Design responses to address the risks identified

A3 - Identify situations that increase the probability of occurrence of such risks

A4 - Consider the potential for risks in the assessment of control design

A5 - Review possible impact of these potential risks

Details on how these skills are mapped to the learning units are provided below.

LU1: Establish the context for product risk management

LU2: Identify product risks throughout the product life cycle

LU3: Develop an understanding of product risks through Risk Analysis

LU4: Evaluate product risks in accordance with Risk Management policy

LU5: Design risk responses to mitigate unacceptable risks

Participants who have completed the Course will receive a Certificate of Accomplishment by USC. Participants who further take the Proficiency Assessment Test (within 3 months based on this Course) will receive the CERA (Certified Enterprise Risk Analyst) Recognition Title from RIMAS (Risk & Insurance Management Association of Singapore) with S$80.

About the Facilitator

Er Lee Chuen Fei PBM has a diverse educational background, including MSc in Industrial Engineering and Management of Technology both from NUS, BEngg in Mechanical Engineering from University of Singapore, Graduate Diploma in Business Administration from SIM, ACTA from IAL, and certified PSCMC from Tuv Sud.

He has over 18 years of experience in Enterprise Risk Management (ERM), Project Risk Management (PRM) and other management systems. Prior to this, 20 years in Defence-related Products Design, Development and Production. As Vice President, Chuen Fei was responsible for implementing the ERM, PRM and Business Continuity Management (BCM) at ST Engineering (2004-2008) and ST Marine (2009-2014). Chuen Fei then served as an ERM consultant for various organizations, such as ST Marine, NUS (Dept of Risk Management), Anderco Pte Ltd (Construction), Nippon Paint South East Asia (overseas and local entities) and BCP Asia (for its overseas clients). He developed a 3-day WSQ Certified "Implementing Practical Enterprise Risk Management aligned with ISO31000" course and has facilitated over 20 runs of it. Chuen Fei had presented ERM related topics (both in-house Workshops and public Conferences) for various organisations such as SPRING Singapore, MINDEF, Civil Service College, ST Engineering, BCP Asia, RIMAS, NUS and IAL etc.

In light of the newly published SS IEC 31010:2021 Risk Assessment Technique, Chuen Fei has developed a new course "Practical Enterprise Risk Management and Assessment" aligned with the Skillsfuture's Skills Framework : Risk Management, Governance and Regulatory Compliance. This course is suitable for all types of industry and institution to equip their risk managers and key executives with practical skills for managing enterprise risks. In particular, Product and/or Services Risks.

Payment Methods:Paynow to UEN 202008816N (Specify “ERM” as remark) or Cheque payable to United Seas College Pte Ltd (address to United Seas College 91 Bencoolen Street, Sunshine Plaza, #09-02/03, Singapore 189652)

Event Photos

Event Venue & Nearby Stays

Sunshine plaza Office Tower, 91 Bencoolen Street, Singapore, Singapore


SGD 1000.00

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