Advanced Risk Management Strategies for Senior Risk Managers
Identify, Assess and Mitigate Organisational Risk
60% of small businesses that experience a significant risk event close within six months due to inadequate risk management.
The Challenge
Organisations frequently react to risks after they materialise, rather than proactively identifying and mitigating them.
The Solution
Reduce risk exposure and build organisational resilience through systematic identification, assessment, and mitigation of threats.
Programme Overview
Enterprise risk management frameworks including COSO 2004, ISO 31000, risk assessment methodologies, and business continuity planning.
Who This Is For
What You'll Achieve
- Explain where the idea of risk management came from and some of its most essential concepts
- Understand the risk management standards and be able to compare and contrast them
- Describe in broad and conceptualise the core ideas behind enterprise risk management
- Describe the primary methods used to identify risks, conduct risk assessments, and evaluate risks and control approaches
Programme Sessions
5-Day Certification Programme
Covers: Identifying Risk, Goals and Principles of Risk Management, Types of Risk, and 2 more topics
Topics covered:
- L1.1
Identifying Risk
- L1.2
Goals and Principles of Risk Management
- L1.3
Types of Risk
- L1.4
General Principles for Risk Management
- L1.5
Impacts of Risk
Covers: Comparison of Various Methods for Dealing with Risk, COSO 2004 and Enterprise Risk Management (ERM), Introduction to ISO 31000, and 1 more topics
Topics covered:
- L2.1
Comparison of Various Methods for Dealing with Risk
- L2.2
COSO 2004 and Enterprise Risk Management (ERM)
- L2.3
Introduction to ISO 31000
- L2.4
Establishing a Risk Management Policy
Covers: Risk Assessment Considerations, Types of Risk Classification Systems, Risk Identification, and 2 more topics
Topics covered:
- L3.1
Risk Assessment Considerations
- L3.2
Types of Risk Classification Systems
- L3.3
Risk Identification
- L3.4
Risk Causes and Sources
- L3.5
Consequences of Risk
Covers: Risk Analysis, Risk Likelihood and Impact, Loss Control, and 4 more topics
Topics covered:
- L4.1
Risk Analysis
- L4.2
Risk Likelihood and Impact
- L4.3
Loss Control
- L4.4
Defining the Upside of Risk
- L4.5
Risk Appetite
- L4.6
Risk Evaluation
- L4.7
Risk Treatment and Response Approaches
Covers: Risk Monitoring and Review, Insurance and Risk Transfer, Business Continuity Planning (BCP), and 2 more topics
Topics covered:
- L5.1
Risk Monitoring and Review
- L5.2
Insurance and Risk Transfer
- L5.3
Business Continuity Planning (BCP)
- L5.4
Risk Control Techniques (PCDD)
- L5.5
Control of Selected Hazard Risks
Covers: Risk Response Planning, Cost-Benefit Analysis, Risk Prioritization Techniques
Topics covered:
- L6.1
Risk Response Planning
- L6.2
Cost-Benefit Analysis
- L6.3
Risk Prioritization Techniques
Covers: Importance of BCP, Key elements of BCP, Developing and Implementing a BCP
Topics covered:
- L7.1
Importance of BCP
- L7.2
Key elements of BCP
- L7.3
Developing and Implementing a BCP
Covers: Role Of Organisational Culture in Risk Management, Building A Culture of Risk Management, Risk Management as A Continuous Process
Topics covered:
- L8.1
Role Of Organisational Culture in Risk Management
- L8.2
Building A Culture of Risk Management
- L8.3
Risk Management as A Continuous Process
Competencies Developed
Explain where the idea of risk management came from and some of its most essential concepts
Explain risk management-related terminology.
Analyse possible impacts of different types of risk on organisations; Distinguish between different types of risk
Understand the risk management standards and be able to compare and contrast them
Describe and apply basic principles of risk management in a real-life context
Explain the components and tools for risk management in COSO 2004 and ISO31000; Compare and contrast the COSO and ISO frameworks for risk management
Describe in broad and conceptualise the core ideas behind enterprise risk management
Assess and identify types of risk and factors involved in each risk
Examine possible root causes and sources of risk in organisations; Determine possible consequences of risk if it is not mitigated in time
Describe the primary methods used to identify risks, conduct risk assessments, and evaluate risks and control approaches
Illustrate the understanding and capability to apply risk analysis and relevant theories
Design and create a sustainable development plan by allowing some risk appetite; Apply risk treatment and response approaches to solve crises and manage risk
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Key Information
Fees & Payment
Pay in Full
£1,200
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