Fundamentals of Risk Management (FoRM)

Course Overview

Managing risk is an inherent part of delivering organisational success today. This course covers the fundamentals of enterprise risk management in a dynamic and interactive learning environment. The course will use the theory and practice of risk management in-line with international standards  (ISO 31000) and industry best practice. The course uses a combination of case studies, practical exercises and current affairs to bring material to life. Our trainers will bring you a wealth of industry expertise. On completion of this course you should have a solid understanding of how effective risk management can benefit your organisation.

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Who should take this course

1. Anyone who needs to understand risk management and the role it plays in their area of business (operational and support managers)
2. Anyone who needs to know how risk affects strategy and decision making- (Senior Executives)
3. Anyone new to risk who wants to feel more confident in enterprise risk management
4. Anyone who wishes to enter the risk profession
5. Anyone looking for a refresher to enhance their knowledge  
6. Students who wish to use the course to support their study material for the certificate and diploma (IRM students)
7. Anyone who needs to know about the relationship between risk management and audit and compliance (Risk, Audit and Compliance professionals)

Benefits of attending

• Understanding key risk management terminology and applications in an organisational context
• Practical risk management tool kit designed for immediate use in your role
• Best practice sharing and networking with like-minded professionals from across the globe
• 12 CPD hours

Our commitment to your professional development:

• 10% off our academic qualifications: the International Certificate in Risk Management (including financial services)*
• Accredited certificate at the end of the session
• A year's of free affiliate membership to the IRM, including member rates on future courses

*Does not apply to the existing member rate and the low GDP rate

Learning Objectives

1)       Setting the scene

• Understanding risk maturity
• Understanding the risks around us

2)       What is Risk?

• Learn How to define Risk
• Understanding how risk management can be used to both maximise opportunities and minimise threats
• Understanding the principles and processes of risk management
• Establishing the attributes of effective risk management

3)       Context and Objectives

• Understanding the purpose and scope of risk management
• Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidance
• Develop an awareness of risk appetite

4)       Risk Assessment

• Gain and Awareness of identification techniques
• Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matrices
• Practically applying risk assessment using case studies to identify and analyse

5)       Risk Action

• Understanding risk treatment plans and smart actions
• Recognising control effectiveness
• Awareness of Business resilience 

6)       Monitoring, Communication and Reporting

• Techniques to keep the risk management process alive through effective monitoring and reviewing
• Develop and appreciation of effective risk reporting
• How to effectively communicate risk to all levels of your organisations and to external stakeholders