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.
Who Should Attend This Training Program?
- 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)
after the Completion of this Training Program you will be able to:
- 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
Training Content:
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
