Risk Management to C-Suite
| Course Title |
Risk Management for C-Suite |
| Duration |
1 day |
| Course Objectives |
Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typically involves identifying particular events or circumstances relevant to the organization’s objectives (risks and opportunities), assessing them in terms of likelihood and magnitude of impact, determining a response strategy, and monitoring process. By identifying and proactively addressing risks and opportunities, business enterprises protect and create value for their stakeholders, including owners, employees, customers, regulators, and society overall. |
| Course Content |
- Risk Management Concepts (Enterprise, Project & Operations)
- Risk Classification
- Nature of Risk
- Risk Management Plan
- Benefits of Risk Management
- Responsibilities in Risk Management
- Risk Event Life Cycle
- Characteristics of Risk Events
- Uncertainties Breakdown structure (UBS) – a new Concept
- Hierarchy of Risks
- Relationship between Decision-making and Information
- Risk Culture
- Types of Risk Organizations
- Identifying Risks
- Risk Identification Tools & Techniques
- Risk Mindset
- Specification of Risk Event Statement
- External and Internal Risks
- Analysing Risks
- Risk Analysis & Guidelines
- Qualitative Risk
- P/I Matrix & Score
- Probability Analysis
- Expert Judgment
- Impact Analysis – Life Cycle Costing
- Decision Tree
- Monte Carlo Simulation
- Plan Risk Responses
- Response Strategy Guidelines
- Mitigation / Deflection Quantifying
- Contingency/ Management Reserves
- Establish Early Warning System
- Assign Responsibility
- Implementing Contingency Plan
- Communication during Risk Control
- Evaluate Results
- Update Risk Assessment
|
