Risk Management

COURSE OVERVIEW
Risk management helps identify and analyses potential issues that could arise during a project or process. Risk analysis is used to reduce the impact of a negative event, evaluate whether there are more benefits to a project than risks before initiation, plan the company’s response to emergencies or other adverse events and eliminate risks during a process.
Risk analysis is a valuable and practical decision-making tool, as it allows you to identify the potential benefits and risks of each option, evaluate the likelihood of risks occurring and decide whether to move forward.
COURSE OBJECTIVES
• Learn how to encapsulate Risk Management methodology and principles in their respective organizational environments
• It will also encourage insight into the primary risk control measures adopted within generic organizational scenarios
• Discover how to assimilate risk management prerequisites into the organizational culture with a view to developing a risk-averse proactive risk culture
• Learn and practice how to consistently and constructively manage risk to deliver on all your organization’s relevant primary objectives
• Recognise how to spot and avoid common errors when reviewing existing risk management plans
COURSE OUTLINE
DAY 1
• History
• Approach
• Principles
• Philosophy
• Values
• Link and Association between Risk Management and Strategic Planning
• Understanding the nexus between Risk Management, Project Management, Budgeting & Strategic Planning
DAY 1
• Risk Oversight
• Risk Integration
• Organization wide risk perspective
• Influencing
• Potential
• Context
• The intercept between Risk Management, Strategic Planning & Budget (Case Study)
DAY 3
• Actuarial Assessment
• Statistical Risk Assessment
• Analytical Capability
• Scenario Planning
• Actuarial Risk Assessment Focus
• Actuarial risk assessment instruments
• Risk Projection & Planning
DAY 4
• Identification of Risk
• Risk Control
• Risk Financing
• Claims Management
• Contingency Planning
• Risk Evaluation
DAY 5
• Definition of Uncertainty Levels
• Uncertainty Impact Assessment
• Exploring Partnerships
• Risk Analysis Modeling
• Risk Results Analysis
• Market measurement and management
• Operational and integrated risk management
• Case Study: Contextualizing and adapting Risk Management: A systemic approach