5 back-to-back days of our most popular training courses
This masterclass is based on the content of our three most popular and practical courses: the fundamentals of risk management (FoRM), embedding risk management ERM) and effective risk registers and assessments (ERRA) and brings them into a tailored masterclass of risk management essentials. You will gain a broad and deep understanding of risk management. The masterclass will be delivered over 5 intensive days.
Day one will focus on our FoRM course, effectively FoRM-Lite. You will be introduced to risk management; what it is, the framework, examining the risk processes and covering the context and vocabulary of risk management.
Days two, three and four will focus on the risk management framework and practical implementation tools. You will deep dive into the key risk management topics including: Objective setting & understanding, Risk Appetite & Culture, Risk Identification & Assessment, Risk responses & resilience to handle change and Risk assurance & communication. Over these three days, you will continuously build and assess your own tailored case study for your organisation (or an organisation based on our case studies if more appropriate).
On Day five you will prepare your case study for presentation and assessment; offering you the chance to have an experienced risk professional critique your case study as well as learn from other delegate's perspectives and organisations.
Context of risk management
Risk standards / regulation & governance
The five stages of a risk management framework:
3. Risk identification & assessment
4. Risk Responses
5. Risk assurance
Objectives: Importance of understanding organisational objectives (risk is the effect of uncertainty on achievement of objectives). Breaking Objectives down into Drivers and KPIs so they can be mapped to risk indicators (KRIs).
Risk Appetite: Understanding the differences between: Appetite, Tolerance, Capacity and Universe. Methods to create Appetite statements that are effective at both a strategic and operational level (defining “expected” so everyone in the organisation can “spot deviations from the expected”).
Risk Culture: How Culture influences the risk maturity of an organisation. Examination of the Culture model and personal Biases & Behaviours. In this segment we will examine how to best use risk workshops in your organisation taking on board the individual personalities in a team.
Risk Identification & Evaluation:
Pulling it all together:
Benefits of attending: