Our Programs

Finance, Risk Management & Compliance> Fundamentals of Risk Management

Overview

Risk management is essential in the current climate of escalating compliance requirements, exposure to litigation, competitive pressures, rapidly changing business requirements and ever-increasing technical complexity. Effective management of risk can only happen if two key elements are present - sound interdisciplinary processes and the right information. Therefore it is important to foster the implementation of sound review processes that involve broad interdisciplinary participation and which focus on improved communication. Changes which increase exposure to risk include new regulations, new business systems, major projects and outsourcing initiatives. This program provides answers to the key questions facing managers, technical staff and business stakeholders responsible for risk management and presents a practical, step-by-step approach to developing a Risk Management Plan and implementing a Risk Management Program.

Who Should Attend

This course is aimed at all directors, executive and line managers across all organisations, public and private, large and small. It is a must for any director or manager who wants to manage their risks as a part of effective corporate governance.

How You Will Benefit

Participants will be able to:

• Define risk management
• Identify why it is important to manage risks
• Understand the need for an integrated approach to strategic risk identification
• Develop a risk assessment process
• Determine risk treatment methods
• Develop ,implement and monitor risk management plan(s)

What You Will Cover

• Why risk management?
• How to communicate and consult
• Establish the context.
• Identify, Analyse and Evaluate the risks and treat them
• Monitor and review
• Recording the risk management process
• Establishing effective risk management in an organisation