Management training

Risk Management and Decision Making

Course Overview

This course is tailored for managers frequently confronted with risk management issues. Preparedness for potential business disruptions stands as a pivotal aspect of organisational planning, particularly in today’s dynamic landscape. Each decision related to risk carries significant weight, influencing operations, personnel, and revenue. Delegates will acquire the expertise to identify, strategise, and oversee risk effectively.
Furthermore, the course will introduce fundamental risk planning principles, empowering delegates to enhance decision-making processes promptly. It will illuminate key organisational risk concepts and critical decision-making tools essential for crisis management.

Course Objectives

Identify and appropriately handle risks
Utilise risk management for the optimal benefit of your organisation and its stakeholders
Comprehend the stages of risk assessment and create a risk matrix
Implement the stages within a risk management framework
Evaluate your organisation’s risk exposure
Create and execute control strategies for monitoring and managing risks
Recognise and address financial risks
Execute critical business decisions during crisis scenarios

Who Should Attend

This intensive program targets Managers, Department Heads, and Directors aiming to fortify their risk management competencies and gain fresh insights into decision-making during critical scenarios.

Available Dates:

15 - 19 April, 2024	Dubai
8 - 12 July, 2024	Dubai
16 - 20 December, 2024	Kuala Lumpur
11 - 15 November, 2024	Dubai
10 - 14 February, 2025	Dubai
9 - 13 June, 2025	Dubai
3 - 7 November, 2025	Dubai
4 - 8 August, 2025	Istanbul
8 - 12 December, 2025	Barcelona

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Course Profile

Defining Risk

Explaining risk and evaluating its impact on operational areas
Operational-Level Risk Management
Utilisation of risk management models and their advantages
Aligning risk management with the organisation’s vision, mission, goals, and values
Establishing risk tolerance levels and defining ‘acceptable’ criteria for each operational domain

Risk Types, Interdependencies, and Roles

Evaluating internal operational risk areas
Utilising techniques to identify and understand risk interdependencies
Enterprise Risk Management
Comprehending external risk types (STEEPLED)

Risk Analysis

Distinguishing between ‘Likelihood’ and ‘Impact’ in risk assessment
Creating a departmental risk management assessment matrix
Developing a risk management register for operational areas
Implementing actions to eliminate, mitigate, divert, or accept risk

Managing Financial Risks

Examining corporate governance mechanisms
Identifying various types of financial risk
Defining the extent of financial risk
Deploying financial risk management procedures
Recognising fraud and implementing countermeasures

Decision Making During a Crisis

Identifying primary risk areas encountered in crises
Determining information and intelligence for the decision-making process
Analysing and presenting new information
Utilising information and intelligence (Fact vs. Assumption)
Communicating information and decisions to staff and stakeholders