Risk Management: An Introduction

Description

The effective and timely identification, measurement, mitigation and management of Risk has become one of the most important governance issues for organisations. This is even more important for organisations that have a high public visibility in terms of their role and function.

The proposed program considers Risk from a 'practical application' perspective; it is light on academic theory but heavy on strategic and operational application. The delivery style is discursive and interactive using focused scenarios to enhance applicability. To this end the facilitator will gladly sign a non-disclosure agreement that will allow focused discussion which will enhance engagement and learning.

The course draws on the Australian/New Zealand Standard AS/NZS ISO 31000-2009 Risk Management - Principles and Guidelines (previously AS/NZS 4360) and it is particularly valuable for organizations wishing to bring senior individuals together to focus on the key business management risk issues.

What you will learn

Areas included in program are as follows:

1. The development of an effective, dynamic risk register

2. Identification of risk and the mapping of its impact: primary, secondary and tertiary and synergistic

• Risk and the need for organisational integrations
• Risk and decision making
• Risk: Qualitative, cost / loss of function, and
• Risk: Quantitative, image and reputation, credibility and public confidence
• Risk option spectrum
• Risk and media/press engagement and management
• When risk turns to threat!
• Risk governance - management hierarchy

-To deter risk
-To detect risk
-To respond to risk
-To review risk: outcomes, management process and effectiveness

• Responding to risk mitigation / management: impact and likelihood of failure and underperformance: A learning development tool