This course covers the fundamentals of enterprise risk management. the attendance will learn about the theory and practice of risk management in-line with the ISO 31000 framework, using case studies and current affairs to bring material to life. On completion of this course, Risk Coordinators are expected to have a solid understanding of how effective risk management can benefit our company. The attendance will also learn how to become the company's risk champions, i.e., as an integral part of an effective risk management. This course helps our attendees to identify risk and opportunities, and gives them the confidence to communicate the benefits of risk management to skeptical employees. They will learn practical techniques to help influence and guide their colleagues.
By the end of this course delegates will be able to:
- Organizational performance: How risk management can assist organizations to achieve their objectives and optimize decision-making.
- Governance and sustainability: The benefits of risk management and its relationship with governance, assurance, and sustainability.
- Internal and external risk exposure: The types of risk faced by an organization and the concepts of positive and negative risk.
- ISO 31000: Risk management principles, framework and processes.
- Culture: The importance of culture, communication, and behavior in an effective risk management structure.
- Maturity: How to assess your organization's risk maturity and identify where improvements can be made.
- Workshops: Facilitation techniques to make your risk workshops interactive, efficient, and effective.
- Assessment: Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties, and risk matrices.
- Communication: How to communicate risks to all levels of your organization, and to external stakeholders.
- Appetite and tolerance: How to determine your organization's appetite and tolerance for risk.
- Risk Champions: Analyzing, articulating and reporting the root causes of risk to managers. Identifying the types of risk that could have an impact on your organization. Conducting quality risk assessments that enable you to assist risk owners in resolving problems. Intervening to address instances where risk management efforts are being hampered.
Risk Coordinators, Risk Analysts, Compliance Officers, Heads of Department, Risk Managers, Operations Managers, HR Managers, Business Continuity Managers, HSE Managers, Finance Managers, IT Managers and anyone new to risk or wishing to enter the risk profession.
Target Competencies:
Improving on the followings
- Communication and consultation related to ERM activities
- Understanding the organization and its context
- Risk identification
- Risk analysis
- Risk evaluation
- Risk treatment
- Risk monitoring and review
- ERM reporting