By the end of this programme, participants will:
- Gain a comprehensive introduction to the theory and practical application of risk management in various organizational contexts.
- Develop the skills to design and implement an effective performance measurement model for assessing and managing risks.
- Understand the current trends, regulations, and global practices in risk management and their impact on modern organizations.
- Enhance knowledge of enterprise-wide risk management and its integration across departments and business functions.
- Learn to assess and mitigate different types of risks, ensuring alignment with organizational goals and strategic priorities.
- Acquire the tools and techniques to foster a risk-aware culture and improve decision-making across the organization.
DAY 1
Introduction to Risk Management
- Define risk and understand its role in organizational governance
- Examine the impact of risk on corporate decision-making and strategy
- Explore various types of risks, including strategic, operational, financial, and reputational
- Review the evolution of risk management and its current practices
- Understand the principles and objectives of effective risk management
- Learn about risk management frameworks, focusing on identification and processes (including exercises)
DAY 2
Developing a Risk Strategy
- Understand how to create and implement a comprehensive risk management policy
- Learn about risk assurance documentation and its role in governance
- Explore the responsibilities of different stakeholders in risk management
- Discuss risk architecture and how it aligns with organizational structures
- Cultivate a risk-aware culture within the organization
- Analyze real-life case studies to understand risk strategy applications
DAY 3
Risk Assessment – Techniques and Tools
- Learn the main risk assessment techniques and their practical applications
- Understand risk classification systems for categorizing different types of risk
- Assess the likelihood and severity of risks using structured frameworks
- Explore strategies to reduce the likelihood of risks materializing
- Discuss methods for minimizing the impact or severity of risks if they occur
- Review business continuity planning and its role in risk assessment
- Apply knowledge to case studies, simulating risk assessment scenarios
DAY 4
Risk Management in Action – Organizational Application
- Dive deeper into the practical aspects of risk management within organizations
- Understand how to assess and evaluate operational and strategic risks
- Discuss tools and techniques for managing risks in real-time
- Learn how to prioritize and mitigate identified risks effectively
- Develop risk management strategies tailored to various organizational contexts
- Analyze case studies and engage in group exercises for hands-on learning
DAY 5
Implementing and Embedding Risk Management
- Explore how to implement risk management strategies throughout the organization
- Learn techniques for embedding a risk management culture across all levels
- Develop practical skills for engaging stakeholders in risk management processes
- Review methods for monitoring and evaluating risk management effectiveness
- Conduct final exercises on applying risk assessment techniques and strategies
- Discuss ways to continuously improve risk management practices post-implementation
