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
- Anyone who needs to understand risk management and the role it plays in their area of business (operational and support managers)
- Anyone who needs to know how risk affects strategy and decision making- (Senior Executives)
- Anyone new to risk who wants to feel more confident in enterprise risk management
- Anyone who wishes to enter the risk profession
- Anyone looking for a refresher to enhance their knowledge
- Students who wish to use the course to support their study material for the certificate and diploma (IRM students)
- 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