Risk Management Training Course
Date | Format | Duration | Fees | |
---|---|---|---|---|
15 Dec - 23 Dec, 2024 | Live Online | 7 Days | $3147 | Register |
Course Overview
Risk management helps identify and analyse potential issues that could arise during a project or process. Risk analysis is used to reduce the impact of a negative event, evaluate whether there are more benefits to a project than risks before initiation, plan the company’s response to emergencies or other adverse events and eliminate risks during a process.
Risk analysis is a valuable and practical decision-making tool, as it allows you to identify the potential benefits and risks of each option, evaluate the likelihood of risks occurring and decide whether to move forward.
Once you have identified potential risks, you can determine how to best manage them. Risk analysis can help teams improve the decision-making process. Team members can identify risks that could arise during a project and offer alternatives. This helps design and develop a comprehensive preventative plan.
This Zoe training course will consequently succinctly equip you with the skills to assimilate concepts and develop a contextual interpretation of how your organization can ensure the compilation of a flexible and adaptable risk management plan.
Course Objectives
Upon completing this Risk Management Certification Course, participants will be able to:
- Learn how to encapsulate Risk Management methodology and principles in their respective organizational environments
- It will also encourage insight into the primary risk control measures adopted within generic organizational scenarios
- Discover how to assimilate risk management prerequisites into the organizational culture with a view to developing a risk-averse proactive risk culture
- Learn and practice how to consistently and constructively manage risk to deliver on all your organization’s relevant primary objectives
- Recognise how to spot and avoid common errors when reviewing existing risk management plans
- Acquire an understanding of the principles, procedure and protocol pertaining to the implementation of Risk Management methodology including its potential and impact
- Display knowledge and understanding of the main sources of Risk Management methodology and how it is used to streamline organizational efficiency and simultaneously optimize value extraction
- Identify and critically evaluate the main weaknesses of procedure and protocol pertaining to current Risk Management methodology in your organization
- Understand the practical impact of applying Risk Management principles in your organization
- Understand the roles, functions and responsibilities of various actors, organizations, and institutions in the Risk Management genre
Training Methodology
This interactive Risk Management Certification Course will comprise the following training methods:
- Presentation
- Assignments
- Case Studies & Functional Exercises
- Questionnaires
Zoe Talent Solutions follows the ‘Do-Review-Learn-Apply’ model.
Organisational Benefits
Companies who nominate their employees to participate in this Risk Management Certification Course can benefit in the following ways:
- Benefit from training your employees on the definition and importance of Risk Management in as far as it bears applicability to the retention of consistent product value and flexibility in terms of adaptability
- Learn how to integrate risk management and control principles to facilitate the attainment of your organization’s core purpose, values, mission and vision
- Focus and direct your efforts on quality and product flexibility while simultaneously adopting a pro-active risk management stance
- Improve productivity by teaching your staff about the critical necessity to always remain risk aware
- Achieve improved synergy in the organization thus elevating employee morale and increasing productivity
- Critically conduct a gap analysis and performance audit of your organizational capacity in terms of compliance with the expounded principles enunciated supra
Personal Benefits
Individuals who participate in this Risk Management Certification Course will learn to implement
value-driven delivery strategies and how to integrate risk perception into an organizational risk management roadmap.
This Risk Management Certification Course will benefit you in the following ways:
- Improve your performance through higher efficiency and greater worker productivity by being aware of the implications and extracted sustainable value emanating from compliance with proactive risk management principles
- Engage in constructive discussions pertaining to the topic thus resulting in improved organizational capacity and overall communication
- Contextualize and assimilate a practical understanding of the impact of the application of risk management principles in your organization
- Display knowledge and understanding of the main principles pertaining to Risk Management
- Identify and critically evaluate the main weaknesses of existing Risk Management processes and procedures within your organization
- Get an opportunity to work through hands-on role-plays and case studies in detail to gain the skills needed to effectively utilize Risk Management processes and procedures in your organization
Who Should Attend?
This Risk Management Certification Course would be best suited for:
- Risk Management Professionals – Executive Managers, Change Management staff, Organizational Development staff, Business Process Re-engineering consultants, human resources personnel and public servants who want to deepen their expertise in this specific issue
- All individuals whose responsibilities include the implementation of risk management plans especially for the improvement of broader organizational strategic objectives
Course Outline
MODULE 1: INTRODUCTION
- History
- Approach
- Principles
- Philosophy
- Values
- Link and Association between Risk Management and Strategic Planning
- Understanding the nexus between Risk Management, Project Management, Budgeting & Strategic Planning
MODULE 2: GENERAL RISK MANAGEMENT
- Risk Oversight
- Risk Integration
- Organization wide risk perspective
- Influencing
- Potential
- Context
- The intercept between Risk Management, Strategic Planning & Budget (Case Study)
MODULE 3: ACTUARIAL APPROACH TO RISK
- Actuarial Assessment
- Statistical Risk Assessment
- Analytical Capability
- Scenario Planning
- Actuarial Risk Assessment Focus
- Actuarial risk assessment instruments
- Risk Projection & Planning
MODULE 4: PRINCIPLES OF RISK MANAGEMENT
- Identification of Risk
- Risk Control
- Risk Financing
- Claims Management
- Contingency Planning
- Risk Evaluation
MODULE 5: ANALYSIS OF RISK
- Definition of Uncertainty Levels
- Uncertainty Impact Assessment
- Exploring Partnerships
- Risk Analysis Modelling
- Risk Results Analysis
- Market measurement and management
- Operational and integrated risk management
- Case Study: Contextualizing and adapting Risk Management: A systemic approach
MODULE 6: CONTROL OF RISK
- Potential loss reduction
- Proactive risk control
- Risk Reduction
- Risk Elimination
- Hazard substitution
- Hazard isolation
- Case Study: Risk Hazard Matrix Compilation (An Integrated Approach)
MODULE 7: RISK MANAGEMENT PRACTICE
- Systemic Risk
- Strategic Risk
- Financial Risk
- Operational Risk
- Case Study Construction: Risk Mapping Reality
- Risk Assessment Review
- Monitoring and Evaluation: Contingency Planning