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Training Course Summary:

The importance of risk management can hardly be overstated. Awareness of risk has increased as we currently live in a less stable economic and political environment. The purpose of this course is to provide managers with a solid understanding of business risk and how to manage it. The course looks at risk from different perspectives and analyses the possibilities for managing it in each situation. The course focuses primarily on operational, project, and reputational risk management. Case studies and role playing are used to illustrate real risk situations.

Course Objectives:
The objective of this course is to provide delegates with a good understanding of business risk and how to manage it. By the end of this course, delegates will know:
The definitions of risk and uncertainty
How the two dimensions of risk can be measured
How to identify and manage the most common types of risk
How to identify hidden risks
Ways of reducing and managing risk
How to analyse operational procedures relative to risk

Who Should Attend:

All managers. Any legal, compliance or audit professionals.

Training Course Overview/Content:

Why risk is a more important management concern
Understanding the regulatory environment
The role of risk management and the risk manager in the modern organisation
Risk in business decisionmaking
Principal tools: self-assessment, mapping, indicators, Escalation triggers, Loss event database; enterprise risk management
Creating a risk management framework
Benchmarking processes
Identifying the factors involved in environmental, reputational, project and operational risk
How psychological, personal and ethical issues impact risk management
Risk management and corporate governance
Case studies in risk management