A Comprehensive Training in Risk Management: Surviving the Storm

"Risk comes from not knowing what you're doing." - Warren Buffett

Corporations have realized that Effective Risk Management can not only reduce the negative impact of crises; it can provide real benefits and cost savings.

Risk Management is the process of identifying, assessing, and prioritizing potential risks to an organization, and implementing strategies to mitigate or prevent negative impacts. It is a critical aspect of business and organizational operations, as it helps to protect an organization's assets, reputation, and overall well-being. It is an ongoing process that should be integrated into an organization's overall management strategy, by having a robust Risk Management Framework in place to identify, assess, and manage risks proactively, organizations are able to respond quickly and effectively to potential risks, minimizing the impact of any negative events and maximizing opportunities.

The Risk Management framework provided in this workshop is flexible enough for any organization. You can apply it to a single project, a department, or use it as a basis for an enterprise-wide risk management program.

LEARNING OUTCOMES:

Define Risk and Risk Management Describe the COSO ERM Cube and ISO 31000 Establish a Risk Management context Describe the 7 R’s and 4 T’s that form the framework of Risk Management activities Design and complete a basic Risk Assessment Determine the appropriate response to risks and create a plan for those responses Developing and implementing Risk Management Plans to mitigate or prevent negative impacts Describe the key components of reporting, monitoring, and evaluation of a Risk Management Program Analyzing and evaluating the effectiveness of Risk Management and Crisis Response Strategies Communicating Effectively with stakeholders during a crisis Compliance with laws, regulations and industry standards Understanding the importance of post-crisis review and learning from past crises to improve future Risk Management and Crisis Response

SMART Management Training and Consultancy is a UK-based work training provider. We specialize in providing you with high-quality training and development opportunities aimed at individuals and corporates across the Gulf and Africa (UAE, GCC and Africa).