Too often, organizations or projects can be disrupted by several small events that reinforce one another in unexpected ways. Therefore, risks need to be openly discussed, challenged, escalated, and communicated. This is integral to strategy development, operational management, and project success.
Risk management should be integrated throughout every organization, no matter its type and size. Everyone, regardless of role and seniority, needs to be able to manage and take risk.
The course is for anyone who needs a fundamental understanding of risk
management. Risk management is becoming a pre-requisite for many roles, especially the more senior you progress.
It provides a practical introduction to the principles, tools and processes that can be used to improve decision-making enabling you to become more resilient and better prepared for a crisis.
Participants will be able to:
- Use risk management to improve decision-making.
- Analyze how the external world and internal organizations drive achievement of objectives and how employees can influence their impact.
- Apply practical tools to assess, manage and communicate risk.
- Understand how a simple risk management framework can make your organization more resilient and successful.
- Understand the critical importance and role of people and culture.
- The principles of risk management
- Applying risk management to improve your decision-making
- The differences between uncertainty and risk, and threat and opportunity
- Types of strategic, financial, operational and hazard risks
- Emerging and unseen risks
- Organizational ‘risk radar’
- Techniques to help you assess your organization’s environment
- Practical tools to help you identify, analyses, and treat risk
- Risk registers and risk matrices
- Interpreting statistics
- Recording, reporting, and communicating risk
- Culture, behaviors, and values
- ‘Mental shortcuts’ or heuristics
- Risk management frameworks, policies, and standards
- Risk appetite and objectives
- Aligning your risk management system with other system standards
- Internal audit
- Organizational resilience.