THE COMPLETE COURSE IN RISK MANAGEMENT (RM)

TRAINING OVERVIEW

Risk, being synonymous with uncertainty, underscores the crucial role of proactive Risk Managers in the success of any organization within today's rapidly evolving and globally interconnected business landscape. The indispensable skill set of a forward-thinking Risk Manager encompasses leadership and decision-making, strategic planning, operational efficiency, logistics management (including interconnected supply chains), effective stakeholder communications, financial acumen, administrative proficiency, infrastructure oversight, reputation management, and a critical understanding of external geopolitical factors.

Elevate your confidence and mastery by participating in this immersive five-day course, where you will be prompted to approach all facets of risk with creative thinking. This program challenges established frameworks, fostering a mindset that enhances both individual and organizational competitiveness and sustainability.

TRAINING TOPICS

The necessary expertise and knowledge to support the Risk Manager in implementing a complete Risk Management process as specified in the latest thinking and use of ISO 31000 (updated 2018), 31004, 31010, 22301 & 27005/27031

• How to influence and oversee a vibrant RM and Business Continuity culture
• Evaluate RM frameworks and practices
• Examine changes in RM practices as a result of global paradigm shifts
• The mechanism of good corporate governance & its critical relationship to RM

By the end of this training course, delegates will be able to:

• Determine and master the concepts, approaches, standards, methods, and techniques for the effective implementation of RM
• Develop the necessary leadership skills enabling you to communicate your RM findings to all levels and all stakeholders
• Determine your organization’s appetite and tolerance for risk
• How RM relates to crisis management, business continuity and other key business areas
• Apply invaluable and highly relevant RM knowledge to put into practice and benefit you and your organization immediately on returning

TRAINING IS TAILORED TO

No extensive prior knowledge of the subject is necessary. You will receive guidance from a seasoned risk professional with experience serving on and advising boards on corporate governance, assisting companies in improving their Risk Management and related systems.

This training course is suitable for a diverse range of professionals but will be particularly beneficial for:

• Practitioners and Risk Management implementers seeking a refresher on recent developments
• Auditors aiming to fully comprehend the ISO 31000 implementation process
• Line and Project Managers aiming to ensure effective risk management
• Professionals desiring a practical starting point for establishing an effective Risk Management and Business Continuity Management framework
• Middle to Senior managers interested in understanding how Risk Management can serve as a leadership and decision-making tool

TRAINING METHODOLOGY

The training methodology for this course is designed to provide an engaging and interactive learning experience. Participants will benefit from a combination of comprehensive theoretical content, practical case studies, and hands-on exercises. The course delivery includes dynamic discussions facilitated by experienced industry professionals, ensuring a real-world perspective. Practical simulations and group activities enhance the application of theoretical knowledge to concrete scenarios. Participants will actively engage in problem-solving exercises, promoting critical thinking and skill development. The training methodology is structured to encourage participant interaction, fostering a collaborative learning environment. Continuous assessment and feedback mechanisms are integrated to track individual progress,

DAY ONE:  

ISO 31000 - PRINCIPLES OF RISK AND RISK MANAGEMENT

• Objectives & Governance, concepts & definitions of risk & Risk Management
• Mapping and assessing Your current governance arrangements
• Commitment - Setting Your objectives for implementing ISO 31000:2018
• Who are the internal and external stakeholders
• The importance of culture, communication, and behaviour in seeking an effective Risk Management structure
• An overview of the global business and risk environment
• Enterprise Risk Management – The Resilient Organization

DAY TWO:  

ISO 31004 - DESIGNING THE FRAMEWORK FOR MANAGING RISK

  Risk Management framework and process

• Risk Management responsibilities – who does what, who is on the team
• Risk Management accountabilities and performance measures
• Compare Your current Risk Management to ISO 31000:2018 principles
• Alignment between Risk Management policy and the organization
• Risk attitude – pursue, retain or avoid regarding risk appetite and tolerance
• A close look at options for risk criteria, assessment, identification, analysis, and evaluation

DAY THREE:

BUSINESS CONTINUITY MANAGEMENT SYSTEMS (BCMS)

• Fundamental principles of Business Continuity Management
• Implementation of a BCMS in accordance with ISO 22301 & 27031
• Business Impact Analysis (BIA) and Risk Assessment
• To understand the relationship between BCMS and the compliance with the other RM requirements, including supply chain management
• Writing a business case and a project plan for the implementation of a BCMS
• Incident and emergency response management (including mutual aid)

DAY FOUR:

IMPLEMENTING EFFECTIVE RISK MANAGEMENT

• Resources and methodologies to implement The Risk Management Plan
• Ensuring Risk Management becomes part of significant decision-making
• What are the likely barriers to implementation (risk culture)
• Risk reporting and the limitations of various risk reporting tools & methodologies
• Assess the respective merits of both quantitative risk modelling and qualitative reporting
• Align your risk reporting processes with other strategically important management activities, such as reputation management. (learn from recent cases of failure)

DAY FIVE:

MONITORING, REVIEW AND CONTINUOUS IMPROVEMENT OF THE FRAMEWORK

• Key risk indicators (KRI´s)
• Continuous improvements, running your own team-based risk workshops
• Collate risk and control information from multiple sources into a central risk register or inventory of risk information system
• Controls register or inventory of controls. (The “Five Ws”)
• Understand feedback provided to you by those you communicate with and take on board “lessons learnt”