Course Schedule

Effective Business Risk Management Strategies

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Code Course Title Venue Date Fees Join Now
MG24 Effective Business Risk Management Strategies Los Angeles – USA, 20190408 08 - 12 Apr 2019 $5,950 Register
MG24 Effective Business Risk Management Strategies Geneva - Switzerland, 20190916 16 - 20 Sep 2019 $4,750 Register
MG24 Effective Business Risk Management Strategies New York - USA, 20191021 21 - 25 Oct 2019 $5,950 Register
MG24 Effective Business Risk Management Strategies Dubai - UAE, 20191208 08 - 12 Dec 2019 $3,750 Register

COURSE OVERVIEW

Managing business risk is about the application of planning and good governance to maximise success and proactively manage uncertainty that may affect operational performance, achievement of business objectives or meeting stakeholder expectations. Poor risk management is mostly due to poor planning and lack of knowledge in the application business objectives and managing change. The good risk manager is someone who effectively identifies risks, the level of risk, i.e. probability and impact, and can control significant risks and review risks regularly.

 A strong business risk culture is essential for safety, welfare, and financial stability. Organisations seek ways to build and maintain a company-wide culture of risk awareness through risk management training. This Effective Business Risk Management Strategies training course is intended to provide both risk and non-risk professionals with concepts that allow them to recognize and escalate risk-related issues before they become too severe. The course provides a pragmatic approach to the management of most common business risks and helps participants to maintain a Business Risk Plan.

IMPORTANT FEATURES

The important features of the Effective Business Risk Management Strategies training course are: 

  • The concepts of Business Risk Management
  • An enterprise-wide approach to risk
  • Identify risks and implement effective risk mitigation
  • Link risk management into the business planning process
  • Practical techniques for the assessment of people, process and reputation risks
  • Record the risk process effectively

LEARNING OBJECTIVES

At the end of this Effective Business Risk Management Strategies training course, delegates will be able to:

  • Avoid the common pitfalls and risks of management
  • Identify the steps for managing departmental/business risk
  • Lower costs and confusion
  • Prioritize stakeholder input and support
  • Set departmental expectations and establish risk ‘recovery’ plans
  • Communicate with and control of/influence over stakeholders to minimize risk
  • Develop a personal business risk plan

TARGET AUDIENCE

The Effective Business Risk Management Strategies training course is beneficial to:

  • All employees who need to improve their proactive business risk management and risk communication skills.
  • Professionals responsible for developing organizational strategy and defining organizational objectives
  • Risk management professionals
  • Senior Management Team responsible for the business risk management function or process
  • Senior Internal Auditors and assurance professionals such as those in Compliance and QA functions who are being asked to review the business risk process
  • Finance and insurance professionals who need knowledge of the wider approach to business risk management

TRAINING METHODOLOGY

This highly practical and results-oriented Effective Business Risk Management Strategies training course is based on adult learning concept. The facilitator will give plenty of input and then help participants to make sense of the themes through discussion and practice. It incorporates short inspiring demonstrations, roles play and practice to enhance learning. There will be ample time for Q&A, discussions with ‘return to work’ action planning. The program will reinforce key concepts within an inspiring and engaging learning environment.

Pre & Post course assessments will be used to measure the effectiveness of this training.

COURSE CONTENTS

DAY 1 – Introduction to Risk Culture

  • KeyTopics:

    • Introduction to managing risk and effective risk management techniques
    • Definitions and key approaches to implementing a risk culture
    • Learn from real cases of risk culture ‘failure’
    • Develop practical techniques for risk culture management
    • Appreciate the limitations of risk assessment tools
    • Discover the latest developments in risk practice and standards

DAY 2 – Planning to Mitigate Risk

  • KeyTopics:

    • The three primary business risks in order of frequency of occurrence
    • The different types of risk assessment tools
    • Implement a risk departmental culture
    • The role of external pressures, including regulations
    • The barriers to risk culture control

DAY 3 – Integrating Business Risk into Day-to-Day Activities

  • KeyTopics:

    • Analyze the root causes of risk
    • Integrate business risk and opportunities for innovation into your role
    • Overcome barriers to embedding risk management and potential solutions
    • General management techniques to add value to risk-based decision-making
    • Assessing and prioritizing risks is determining its probability and impact

DAY 4 - Embedding Risk Management

  • KeyTopics:

    • Identify behaviors that support risk management
    • How to encourage and draw maximum benefit from positive behaviors needed to embed risk management
    • Analyze the problems that currently frustrate you, reinvigorating yourself with fresh focus
    • Break risks down into their component parts and explore how each element relates to risk
    • Communicate and implement the action plan you develop on the course

DAY 5 –Risk Reporting for Maximum Business Benefit

  • KeyTopics:

    • Articulate and report to management/team risks that could have an impact on your department
    • Conduct (quick) quality and typical management risk assessments
    • Assist risk owners to resolve problems
    • Communicate the benefits of risk management and win the support of stakeholders
    • Advise senior managers/team members on improving systems
    • Intervene to address instances where risk management efforts are being hampered
    • Action planning: 10 reminders for the risk champion

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