risk management training course

risk management training course- Risk Management is a highly valued discipline and eagerly sought after by organizations that are heavily regulated, requiring high resiliency, that deal with environmental, health and safety issues, involved in project management, insurance, financial services and also within the public sector. Enterprise Risk Management (ERM) is a decision support system that helps such organizations understand risk and assure the achievement of their goals. Engineers often play an integral role in an organization’s ERM effort, from identifying risk and assisting in the design and implementation of risk response solutions. This course is intended to provide to a high level understanding of what is risk and what does an ERM process look like for organizations including some common challenges and pitfalls of institutionalizing an ERM culture.

Course Objectives

The over-arching aim of this course is to provide an overview of risk management principles and ensure participants gain a strong grounding in the risk management discipline and provide an opportunity to apply a contextual risk management framework.

This course will:

·         Examine the “why, what, when, how and who” aspects of ERM
·         Establish the relevance of ERM and ERM practices in an enterprise
·         Develop practical steps towards ERM management systems in your enterprise
·         Demonstrate how to plan, develop and implement an Enterprise Risk Management Framework
·         Discuss risk-based approach in ISO9001:2019 and demonstrate tools for QMS automation thereof

Why should you attend?

  • Understand the why, what, when and how of risk management
  • Appreciate the value of systematic approach provided by ERM in managing risk
  • Know approaches and methodologies for effective ERM and ERM framework development
  • Comprehend the roles & responsibilities for players for effective risk management

Who Should Attend?

·        Managers & senior operations personnel responsible for risk management, technology, human resource, finance, administration, facilities, etc.
·        Operations personnel responsible for risk management & compliance
·        Officials of public and private sectors, as well as agencies concerned with enterprise risk management
·        Public relations and corporate communications managers
Course Outline

Day 1

 The Basics of Risk and why we must care

  • Risk Management: Scope & Purpose
  • Risk Assessment, Analysis & Evaluation; Practical Risk Assessment, Perception & Communication
  • ERM Frameworks, Standards and Practices
  • ERM Corporate Governance,
  • Risk modeling & Practical ERM Implementation
  • ERM as corporate culture
  • ISO 9001: 2019  The Risk Approach
  • Embedding ERM into organizational processes (Enterprise Integration)

Day 2

Risk Strategy Development

• Understanding the importance of risk in setting strategy, formulating business plans and managing performance and rewards

Risk appetite

• Defining risk appetite and its importance in the risk strategy of the organization

• Differentiating risk appetite and risk tolerance

• Analyzing how risk appetite can be articulated for a range of risk types

Risk profiling

• Defining risk profile

• Articulating the steps to establishing your corporate risk profile:

  • Risk identification
  • Risk analysis, including risk modeling and the various risk
  • analysis techniques
  • Risk evaluation
  • Risk mitigation

Day 3

Risk governance

  • Describing the components of Governance, Risk and
  • Compliance (GRC)
  • Evaluating the various types of governance structure
  • Defining the roles and responsibilities of key GRC personnel:
  • Creating an accountability structure
  • Defining GRC oversight roles

Risk monitoring and reporting

  • Defining risk monitoring and reporting framework in your organization
  • Understanding and designing Key Risk Indicators (KRIs)
  • Understanding the different risk policy components

Risk culture

  • Defining risk culture
  • Assessing the risk culture maturity in your organization
  • Establishing the desired level of risk culture maturity – factors
  • influencing the desired level of maturity
Course Fee: N175,000   Duration
  3 (three) days
  Lectures Discussions Individual and group exercises Case studies Activities Post- Course Assessments Pre-Course Assessments Games and educational competitions Professional videos & Audio presentations