Introduction:

Managing risk is an inherent part of delivering organizational success today. This course covers the fundamentals of enterprise risk management in a dynamic and interactive learning environment. The course will use the theory and practice of risk management in line with international standards  (ISO 31000) and industry best practices.

The course uses a combination of case studies, practical exercises, and, current affairs to bring material to life. Our trainers will bring you a wealth of industry expertise. Upon completing this course, you should have a solid understanding of how effective risk management can benefit your organisation.

Target Audiance:

• Anyone who needs to understand risk management and the role it plays in their area of business (operational and support managers)

• Anyone who needs to know how risk affects strategy and decision-making - (Senior Executives)

• Anyone new to risk who wants to feel more confident in enterprise risk management

• Anyone who wishes to enter the risk profession

• Anyone looking for a refresher to enhance their knowledge  

• Students who wish to use the course to support their study material for the certificate and diploma (IRM students)

• Anyone who needs to know about the relationship between risk management and audit and compliance (Risk, Audit, and Compliance professionals)

Organizational Impact 

• Understanding key risk management terminology and applications in an organizational context

• Practical risk management tool kit designed for immediate use in your role

• Best practice sharing and networking with like-minded professionals from across the globe

Outlines:

Day 1:

Setting the scene

• Understanding risk maturity

• Understanding the risks around us

Day 2:

What is Risk?

• Learn How to define Risk

• Understanding how risk management can be used to both maximise opportunities and minimise threats

• Understanding the principles and processes of risk management

• Establishing the attributes of effective risk management

Context and Objectives

• Understanding the purpose and scope of risk management

• Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance

• Develop an awareness of risk appetite

Day 3:

Risk Assessment

• Gain and Awareness of identification techniques

• Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices

• Practically applying risk assessment using case studies to identify and analyse

Day 4:

Risk Action

• Understanding risk treatment plans and smart actions

• Recognising control effectiveness

• Awareness of business resilience 

Day 5:

Monitoring, Communication and Reporting

• Techniques to keep the risk management process alive through effective monitoring and reviewing

• Develop an appreciation of effective risk reporting

• How to effectively communicate risk to all levels of your organisation and external stakeholders