COURSE : PUBLIC TRAINING

Strategic Risk Management Blueprint

Date: 30th June | Time: 8:00 am – 5:00 pm

Introduction

Managing risk is an inherent part of delivering organisational success today. A successful risk management program helps an organization consider the full range of risks it faces.

Risk management is the process of identifying, assessing and controlling threats to an organization’s capital and earnings. These risks stem from a variety of sources, including:

  • Financial uncertainties & strategic management errors

  • Legal liabilities & technology issues

  • Accidents and natural disasters

This holistic approach, often described as Enterprise Risk Management, examines the relationship between risks and the cascading impact they could have on an organization’s strategic goals.

Course Objectives

By the conclusion of this program, participants will:

  • Understand all about risk and risk management.

  • Learn about the process and strategies to manage risks.

  • Prepare to be well-prepared for the future of risk.

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Learning Outcomes

  • Conduct a risk identification meeting in a manner that increases team alignment.
  • Conduct a risk identification meeting in a manner that increases team alignment.
  • Develop actionable risk responses.
  • Maintain a Risk Register for tracking and communicating project risk.
  • Understand project team roles and responsibilities in risk management.

Who Must Attend

  • Individuals in a managerial position who need a working knowledge of risk management and risk management principles.
  • Risk practitioners who need to re-affirm their risk management knowledgebase.

Duration : 1 Day (8 hours)

TRAINING OUTLINE

Module 1: Introduction And Setting The Scene

  • Understanding Risk Maturity
  • Understanding the Risks around us

Module 2: Understanding Risks

  • By definition
  • Risk Exposure at a glance
  • Risk by Categories – COSO vs Kirvan’s
  • Glossary

Module 3: Risk Management

  • Traditional Risk Management vs Enterprise Risk Management
  • Risk Management Standards and Framework
  • Benefits and Challenges of Risk Management
  • Risk Management Best Practices

Module 4: Risk Management Process

  • The 5-step Risk Management Process
  • Top-down, Bottom-up
  • The 4-types of Strategy to manage risk

Module 5: Building And Implement A Risk Management Plan

  • Communications and consultation
  • Establishing the context
  • Risk Identification d. Risk Analysis
  • Risk Evaluation
  • Risk Treatment g. Monitoring and Review

Module 6: Risk Management Failure To Act

  • Poor governance
  • Overemphasis on efficiency vs resiliency
  • Lack of transparency
  • Limitation of Risk Analysis Techniques
  • Lack of Risk Analysis Expertise

Module 7: Risk Management Trends : What’s On Horizon

  • The future of risk – new game new rules
  • Organization’s responses to risk changing
  • Consequences of Risk for Organization changing
  • Onslaught of Risk Changing