To provide delegates with a basic understanding of risk management, the regulatory requirements and why risk management makes good businesses sense.
What will be covered?
- The need for risk management
- A look at the regulatory environment and current practices. Understanding why risk management makes good business sense
- The definition of risk
- The categories of risk including internal, external operational, strategic, and financial
- The definitions of impact and likelihood in the risk context and methods of measuring risk
- Consideration of the types of controls, the assessment of control robustness and the need for additional treatments
- Risk options of avoidance, reduction, transfer and acceptance
- Practical steps to introduce risk management into the organisation
- Risk identification theory and tools
- Risk recording
- Loss events and key indicators
Who should attend?
This course is ideal for:
- Directors and senior executives who need to get to grips with the basics of risk management.
- Those who are about to establish a risk management function in their organisation
- Those who are new to working with risk management
Outcome and benefits
- Delegate will not only gain a better understanding of the need for risk management but also be able to provide positive influence in the setting up of risk management processes. Benefits of this include better allocation of operational resources. Employees are provided with greater clarity of management expectations with regard to controls. The organisation will be better able to avoid or mitigate catastrophic disasters and other potential losses. Adoption of risk management processes inspires stakeholder confidence
Course materials (included)
Delegates receive courseware to refer to throughout the course and as a refresher following the course
There are no pre-requisites for this programme.