Back

Risk Management

$
1800.00
Register
2 days | 16 academic hours



Training objectives
Training program Day 1
Training program Day 2

Training objectives

  • Get acquainted with the COSO 2017 model “Enterprise Risk Management: Integrating with Strategy and Performance”
  • Understand the principles of building a risk culture in the organization
  • Thoroughly study the risk management process in the company
  • Understand the role, authority, and responsibility of each employee in risk management
  • Study the tools and methods of risk identification and assessment

Training program Day 1

  • Definitions of “Risk” and “Uncertainty”. Possible event outcomes
  • “Three lines of defense” model
  • Decision-making levels in the company
  • Development of risk culture in the organization. Roles, authorities, and responsibilities
  • Risk management process - a systematic approach. Integration of risk management process into the organization’s activities at all levels
  • Strategic level - strategy, goals, risk appetite alternative strategies
  • Risk management at the operational level
  • Interconnection of the RM process with all processes in the organization
  • Company’s business processes: description, goals, process owners
Teamwork. Describe part of the business process through a flowchart
  • Risk identification methods
  • Formulating risk. Risk owners
Risk register Practice: risk identification in business processes

Training program Day 2

  • Risk analysis
  • Risk assessment
  • Qualitative and quantitative risk assessment methods
  • Portfolio view of risk
  • Risk map, risk dashboards
Teamwork. Conduct a qualitative assessment of identified risks, build a risk map
  • Risk response strategies: transfer (share), accept, reduce, avoid
  • Information and communication in the risk management process
Teamwork. Selecting risk response strategies. Compilation of a risk register
  • Risk monitoring and reporting
  • Conclusions and recommendations