Risk Management
Managers and business owners know that risk management can reduce the negative impact of crises, and provides measurable benefits and cost savings. Our course offers a risk management framework that is flexible and works with any organization. It can be applied to a single project, a department, or an enterprise-wide risk management program.
Description
Risk management has long been a key part of project management and it has also become an increasingly important part of organizational best practices. Corporations have realized that used effectively it can not only reduce the negative impact of crises; it can provide real benefits and cost savings.
The framework provided in this course is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.
Course Objectives
After you complete this Risk Management course, you will be able to:
- Define risk and risk management
- Describe the COSO ERM cube and ISO 31000
- Establish a risk management context
- Describe the 7 R’s and 4 T’s that form the framework of risk management activities
- Design and complete a basic risk assessment
- Determine the appropriate response to risks and create a plan for those responses
- Describe the key components of reporting, monitoring, and evaluation of a risk management program
How will this Training Course be Presented?
The programme is delivered as a blended learning solution consisting of Online components of self-directed learning supplemented by virtual classroom based lectures and workshops. An Online group collaboration portal has been established enabling delegates to post and respond to questions posed by facilitators and peers.
Who is this Training Course for?
Attendance is of particular benefit to:
- Senior managers who are responsible for managing risk and/or embedding effective systems of corporate governance
- Chief executives and heads of departments who require a better understanding of risk management and the role it should play within their organisations
- Insurance managers, brokers, safety practitioners, auditors, project managers, accountants, solicitors and consultants who are increasingly finding risk management is forming part of their remit or are expected to have a broad understanding of the subject
- Individuals taking up a new role in risk management or wishing to enter the profession
- Practitioners who require a refresher on recent developments in risk management
- Non executive directors
The Course Content
Module One: Course Overview
Module Two: Understanding Risk
- Pre-Assignment Review
- Defining Risk and Risk Management
- Key Models
Module Three: Risk Management Activities
Module Four: Assessing Risk
- A Risk Assessment Process
- Case Study: General Motors (Part One)
Module Five: Responding to Risks
- The Four T’s
- Case Study: General Motors (Part Two)
Module Six: Resourcing Controls
- Identifying and Evaluating Controls
- Case Study: General Motors (Part Three)
Module Seven: Reaction Planning
- The Worst-Case Scenario
- Case Study: General Motors (Part Four)
Module Eight: Reporting and Monitoring
Module Nine: Reviewing and Evaluating the Framework
A Review Checklist
Back at Work
Recommended Reading List
Post-Course Assessment
Pre- and Post-Assessment Answer Keys
Personal Action Plan