This Five-day fundamental of Risk Management (FoRM) course provides a robust introduction to Enterprise Risk Management (ERM) and the ISO 31000 risk management standard. The course covers both the theoretical and practical perspectives.
The training course discusses risk as a concept, its potential impact on an organization and how risk management can be applied and sustained in an organization. Throughout the course, you will explore the practical processes involved in identifying, and evaluating internal and external risk to an organization. Response and reporting procedures, such as auditing, compliance, and governance will be covered.
Organisational performance: How risk management can assist organizations to achieve their objectives and optimize decision making.
Governance and sustainability: The benefits of risk management and its relationship with governance, assurance, and sustainability.
Internal and external risk exposure: The types of risk faced by an organization and the concepts of positive and negative risk.
ISO 31000: Risk management principles, framework, and processes.
Culture: The importance of culture, communication, and behavior in an effective risk management structure.
Maturity: How to assess your organization’s risk maturity and identify where improvements can be made.
Workshops: Facilitation techniques to make your risk workshops interactive, efficient, and effective.
Assessment: Assessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties, and risk matrices.
Communication: How to communicate risks to all levels of your organization, and to external stakeholders.
Appetite and tolerance: How to determine your organization’s appetite and tolerance for risk.
How risk management can assist organizations to achieve their objectives
The benefits of risk management and its relationship with corporate governance, social responsibility, sustainability and organizational prosperity
The types of risk exposure typically faced by an organization and the concepts of opportunity and downside risk
External influences such as markets and regulation
ISO 31000 and risk management principles, framework and process
The skills to assess risk effectively and to select appropriate risk treatment techniques
How risk management should be organized and its relationship with boards, audit and other business functions
The importance of culture, communication, incentives and behavior in an effective risk management structure
Who Should Attend?
Risk management practitioners
Executives and Heads of Departments
Anyone new to risk or wishing to enter the risk profession.
NOT INTERESTED IN THIS COURSE?
We always want to improve the quality of our courses. Please select any reasons why you feel this course is inadequate (check all that apply).