Does Risk Management make any serious contribution to Business Performance? Do we really need to do it?
Risk Management is the way the organisation balances the inevitability of risk in the pursuit of profit and objectives, with the need to protect its assets. By attending this training course, you will be able to prepare for and manage in circumstances where foreseen and/or unforeseen risks may be serious or even catastrophic. During the training course you will learn about the common shortfalls and inadequacies in the treatment of risk, as well as how to do it well. Risk management is often conducted poorly, but if applied coherently and rigorously, can contribute extensively to performance and competitiveness of operations, and the whole organisation.
This training course will feature:
The need for dangers and best practices associated with Risk Management
The role of Risk Management in contributing to performance and competitiveness
The relationships between Risk Management and other functional areas
The concepts, approaches, international standards, methods and techniques for the effective implementation of Risk Management
Evaluating current provision & developing mechanisms to support application across the organisation
What are the goals?
By the end of this training course, participants will be able to:
Master the concepts, approaches, international standards, methods and techniques for the effective implementation of Risk Management
Discuss & learn the practical application of these best practices, through case studies & exercises
Evaluate current provision & develop mechanisms to support application across the organisation
Guide organisational deployment
Champion Risk Management at all levels of the organisation
Who is this training course for?
This training course is suitable to a wide range of professionals who are involved in any aspect of Risk Management and who want to understand, implement and improve the most up to date Risk Management concepts, processes and ideas. For example:
Experienced Risk & Business Continuity Managers & Practitioners desiring a refresher on recent developments
Internal auditors and Compliance Managers who seek to fully understand Risk Management & ISO 31000
Team leaders, supervisors, section heads and managers
Project, purchasing, finance & operations managers and technical professionals including those in Maintenance, Engineering & Operations
Change, Transformation & Organisational Development Managers, Excellence & Quality Professionals and all Other Managers
How will this training course be presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes plenary sessions, group and individual exercises, use of case studies, reflection and discussion. Delegates will have the opportunity to discuss course content in the context of their own organisations, take stock of their businesses’ current position and evaluate and plan improvement.
Course Outline
Day One: Introduction to Risk Management
The need for dangers and best practices associated with Risk Management
The common shortfalls and inadequacies in the treatment of risk
The concepts, approaches, international standards, methods and techniques for the effective implementation of Risk Management
Practical application of best practices
Case studies
Delegates’ self-evaluation
Day Two: Managing Risk to Maximise Performance
Balancing the inevitability of risk in the pursuit of profit and objectives
Evaluating Risk Management frameworks and practices
Building an efficient & effective Risk Management structure
The use of ISO 31000 in Designing the Framework for Managing Risk
Risk Management organisational alignment
Evaluating current provision
Day Three: The Leadership Responsibility
Developing Enterprise Risk Management (ERM)
Guiding organizational deployment
Evaluating current provision & developing mechanisms to support application across the organisation
Championing Risk Management at all levels of the organisation
Managing stakeholders
Managing Change
Day Four: Business Continuity
The critical nature of Business Continuity
The relationship between Risk Management and Business Continuity
Principles of Business Continuity & Business Continuity Management Systems (BCMS)
Incident and emergency response management
Analysing the Impact on the business
Application of ISO 22301 & ISO/IEC 27031
Day Five: Risk Evaluation
Resilience & Anti-Fragility
Risk reporting and the limitations of various risk reporting tools & methodologies
Key risk indicators (KRI´s)
Monitoring, Review and Continuous Improvement of the Framework
The Next Steps
Course Review
The certificate
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course.