Getting The Most From Risk Management

Course details

In the current challenging economic environment, there are many uncertainties and evolving risks facing small, medium sized and large organisations and more than ever the capacity and capability to address and manage risk is a key requirement for all managers. Risk management offers a structured and disciplined approach and has implications for strategic and business planning, audit and assurance arrangements and the day to day management and control of activities.

There are a wide range of good practice reports and authoritative standards both nationally and internationally which emphasise the role that risk management can play in helping organisations address the many challenges they face. Risk management should be a regular senior management team agenda item as well as a frequently discussed issue for Audit committees, boards and governing bodies.

Objectives

Upon completion of the workshop, participants will have:

• A greater familiarity with national and international risk management standards
• An understanding of the principles and frameworks that are necessary to embed risk management within organisations
• A greater appreciation of the benefits of integrating risk management into the planning and implementation of business activities
• Guidance material on the assessment of risk management and risk reporting  systems
• The opportunity to reflect on how their organisations can get the most value from a structured risk management approach

Content

The workshop will cover the following areas:

• Governance, risk management and assurance systems
• Risk management principles, framework and process
• Prevalent risk categories and how these are addressed.
• Risk registers and documentation
• The role of the Chief Risk Officer