Course Overview
Exploiting risk-based decision-making to create and protect organisational value
People are the single most important asset in any organisation. Their decisions and behaviours introduce threats and opportunities to the operations and strategic objectives of their organisation’s, constituting ‘people risk’ – an area of risk so often ignored.
Whilst leading international standards (e.g. ISO 31000) acknowledge the role of human and cultural factors in setting the optimum conditions for risk-based thinking, decision-making and behaviour, few organisations understand how to actually go about creating a positive risk culture.
This course enables you to understand how your emotional intelligence, risk competencies, values, behavioural tendencies and individual risk tolerance (i.e. ‘Risk Intelligence’) contribute to your organisation’s risk and resilience efforts.
As part of this course, KRisk will use a Valuemetric tool (known as the ‘Risk & Resilience Discovery tool’) to facilitate the collection and analysis of ‘Risk Intelligence’-related data.
Understanding how to use your own Risk Intelligence will provide you with an incredible insight into how to boost your own performance. Understanding how this applies to your workforce will enable your organisation to i) identify current levels of ‘people risk’, ii) more accurately predict others’ approaches to decision-making and iii) encourage appropriate behaviour in relation to risk-taking as part of good risk culture. This will ultimately improve risk and resilience performance across the organisation.
Course Breakdown
Preparatory Activities
- Individual completion of online Risk & Resilience Discovery profile (mandatory); to capture information on participants’ own ‘Risk Intelligence’, used as a basis for individual reflection during the training workshop. There is no requirement for this information to be shared with other participants during the workshop.
- One to One Risk Discovery Session (optional); to enable a participant to walk-through their profile with an accredited consultant in advance of the training to better understand the information contained within it and reflect on how findings can be used to support immediate performance enhancement.
Day Workshop
- One-day Risk Discovery Training Workshop; to provide participants with an opportunity to learn how the People Risk and Resilience Discovery framework can be used to enhance risk culture, risk and resilience management, and organisational performance.
Learning Objectives
Understanding the People Risk and Resilience Discovery framework
- What is it?
- What are its origins?
- What risk and resilience management needs does it address?
Evolving Risk culture through better understanding people
- What are the roots of risk culture?
- Why is it important?
- How do we evolve risk culture through our people’s attitudes, decisions and behaviours?
- What do we need to understand about our people in order to improve culture?
Interpreting the Risk and Resilience Discovery profile
- How do we interpret our profile?
- What does it tell us about ourselves and each other?
- How can we use information on “Risk Intelligence” to support risk and resilience management?
Using Risk Intelligence to better communicate, negotiate and influence in support of risk and resilience management
Value actions
- Reflecting on own risk profile
- Exploring quick wins
- Developing personal action plans
Learning Outcomes
Aligned to the IRM’s Professional Standards, this course will help you to:
- Better understand your own ‘Risk Intelligence’ and how you can exploit it for the benefit of executing your risk and resilience management roles and responsibilities, as well as boosting your general performance in the workplace;
- Develop strategies to improve risk-based thinking and adoption of appropriate behaviours within your organisation’s risk and resilience activities;
- Achieve improved colleague engagement in risk and resilience initiatives through an understanding of how to better use the communication and influencing components of your ‘Risk Intelligence’;
- Better understand how the human factors that influence colleagues’, senior management and stakeholders’ risk-based thinking can be identified, assessed and used to predict decision-making and enhance risk culture;
- Formulate an approach to identifying the threats and opportunities your people present to the achievement of your organisation’s operational and strategic objectives.
Who should take this course
- Risk Managers; Risk Coordinators; Risk Champions
- CROs; other members of the C-Suite
- Senior Management Teams
- Risk teams within a business unit/function (1st Line)
- Risk and Compliance teams (2nd Line)
- Individuals with responsibility for risk and resilience management e.g. Security, Safety
- Those responsible for cultural change
.jpg){kind=logo}
