Recent events in the world have brought the subject of risk into higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment. We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimize its potential negative impact. Dealing with risk should produce benefits for us as individuals, as well as for the organizations within which we work.

However, taking a risk can also result in a positive outcome. This training course will show you how to analyze and minimize risk, turn risk into opportunity, and manage uncertainty.

This training course is structured around the ISO 31000:2009 framework, principles and processes. It will describe internal control mechanisms and explain how to measure risk in terms of probability and potential impact, as recommended by the Institute of Internal Auditors (IIA).

This training course will feature:

• The knowledge to identify, analyze, evaluate, treat, monitor and control risks
• An overview of the tools and techniques used in risk management
• Insights into the fundamentals and role of risk management
• Effective risk management procedures based on ISO 31000:2009
• Increasing confidence in planning for risk and exercising internal control

At the end of this training course, participants will be able to:

• Understand risk management and its application and context within an organization
• Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization
• Appreciate the importance of a risk management process
• Brief overview of mainstream global processes, guidelines and standards
• Explain how the risk management cycle uses structured reasoning and critical thinking to address risk management problems
• Describe how risk management alternatives are developed and evaluated in order to support better decisions in risk management
• Explain how and why the management of risk is one of the fundamental elements of management used in meeting business objectives and key performance indicators
• Communicate the characteristics of effective risk management to your team

This training course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the instructor has been personally involved.

Each session allows you to develop your skills and apply them to your organization to analyze the effectiveness of your current approach and your plans for its further development.

This training course is suitable to a wide range of professionals in strategic and operational management, specialist functional and support activities.

This training course will also be of benefit to:

• Strategic planners and business analysts
• Accountants
• Finance professionals
• Auditors
• And similar roles