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Setting Up an Effective Risk Management Framework

Price: £245 + VAT
Duration: 1 Day

Risk is a necessary part of business and the automatic consequence of enterprise – “nothing ventured, nothing gained” – but organisations need an effective risk management framework

What will be covered?

  • What is “risk” and can it be managed?
  • The risk management process
  • Identifying and assessing key risks
  • Responding to risks – the four “T”s
  • Risk registers
  • The nature of risk at different stages in the business process
  • Components of an effective framework
  • Development of a strategy and policy
  • Roles and responsibilities
  • Recording and reporting at board level
  • The Risk Committee
  • Stakeholder assurance
  • Setting the “tone at the top”

Who should attend?

This course is ideal for:

  • Directors and senior executives wanting to reap the benefits of effective risk management
  • Those involved with implementing or overhauling a risk management function within their organisation

Outcome and benefits

  • A strategic approach to setting up a clear & effective framework for risk management.
  • Understand the key factors for successfully embedding the framework throughout the organisation
  • Enhance the quality of the risk management function as a point of differentiation

Course materials (included)

Delegates receive courseware to refer to throughout the course and as a refresher following the course

Pre-requisites

There are no pre-requisites for this programme.

Further courses that may be of interest:

  • Practical Risk Management.
  • Techniques for Evaluating Strategic Options
  • Developing Critical Thinking