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
“This course helped me to gain more key factors to improve the maintenance management” – Maintenance Planning and Cost Control
“The course has been able to enhance my knowledge in leadership as a whole which I intend applying on the job” – Essentials of Management & Leadership
“Excellent method on delivering the topics, very clear and specific” – Writing Project Scope and Procurement Statements of Work
“An appraisal of my leadership journey, very practical tips on leadership dynamics and how it will grow me” – Next Generation Leadership
“Learnt how to communicate effectively, it changed my attitude about motivating staff” – Motivational Training for Managers
“I have realised that, for me to become a good manager, I need to apply qualities of a good leader which I lent in this class” – Management & Leadership Skills for the Supervisor-New Manager
“ It was very informative. It provided guidelines & bigger picture of my work of budgeting and cost control” – Effective Budgeting and Cost Control
“I learnt different skills and technique about data analysis technique; those new learnings will help me increase my work efficiency” – Data Analysis Techniques
An excellent probgramme with superb content throughout. This course really Thought provoking with additional references to follow up on. I throughly enjoyed the weekly recommend this to anyone looking to pursure a Non-exec’ role! Go for it! Contact me anytime for further comment.
“It has a great impact in widening and solidate knowledge” – Work – Life Balance
“Help us priorities things in own life, see good things in every obstacle / failure” – Work – Life Balance
“Helped to enhance my communication skills persuasively” – Interpersonal Skills for Managers
“We have learnt new things about communication & interpersonal Skills” – Interpersonal Skills for Managers
“The course has been an eye-opener and a lot of new ideas have been learnt” – Vehicle Fleet Development & Management
“This course has been beneficial and it will be helpful in managing my subordinates” – Fleet Management & Leadership
“This training course is beneficial to me and company” – Vehicle Fleet Development & Management
“I have attended several training programmes, but this one is the best” – Fleet Management & Leadership
