Business Risk: Identification, Evaluation and Management

By the end of this workshop, you will have gained practical experience in:

• Accurately identifying and describing business risks
• Applying proven risk analysis methods
• Understanding different risk management techniques
• Differentiating between opportunity and threat risks
• Distinguishing between real and perceived risks Gain an understanding of what is required for managing enterprise risks
• An understanding of different techniques for risk assessment
• Audit skills and techniques to determine effectiveness of risk management
• Opportunities for improvement in the management of risk throughout the organisation
• Evaluating risk probability and impacts
• Defining appropriate risk impact categories
• Applying optimum risk control techniques
• Mastering the process of efficient risk management

CONTENT:

Introduction to risk management

• Defining risk and risk terms
• The role of risk management in organisational governance
• The principles of risk management

 A framework for managing risk

• The role of managers in leading risk management
• Best practice in developing an effective risk management culture
• Organisational context
• Risk management policy
• Integration into organisational processes

Organisation’s appetite for risk

• Risk appetite
• Risk profile
• Risk identification
• Risk analysis
• Risk evaluation

Risk assessment in practice

• Risk treatment and control
• Risk assessment tools
• Managing risk in practice
• Monitoring and review of risk management performance
• Improvement

Risk Management in your Organisation

• National risk issues
• Identifying risks in your organisation
• Assessing risks
• Developing an implementation strategy

• Proven Risk Management Techniques
• Risk Definitions & Common Terms
• Practical Risk Management Planning
• Risk Identification
• Risk Analysis & Evaluation
• Risk Response Planning, Implementation & Control
• Risk Response Strategies for Threats & Opportunities
• Application of Risk Management in a simulated project environment

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.