In a complex and uncertain world, the need to manage risk has never been more apparent. Organisations must make key decisions while balancing challenging financial pressures against the needs and expectations of stakeholders.

This training course explores both the positive and negative aspects of risk and aims to provide those attending with improved knowledge and practical skills in order to effectively manage risk within their organisation.

Through a balance of formal teaching and practical exercises, delegates will be afforded the opportunity to discuss their organisation’s approach to risk management and identify practical solutions for nurturing and embedding a strong risk aware and risk managed culture.

Objectives

To provide a broad yet comprehensive introduction to the concept of enterprise risk management. Participants will be provided with a fundamental understanding of:

• The emergence of enterprise risk management as a key organisational discipline and how it sits within the corporate governance construct
• The various models for managing risk, including an understanding of the concept of risk as both positive and negative (opportunity and threat)
• The key components of an effective risk management approach, including risk management principles, framework and process
• The tools and techniques which are available to assist organisations in the effective identification, assessment, and management of risk
• A clear vision of the benefits associated with an effective risk management approach
• Key factors for successfully embedding risk management within organisational culture and critical success factors for making it work

Target Audience

The programme has been designed for use across all business sectors and is relevant and beneficial to:

• Senior and line managers responsible for implementing enterprise risk management and embedding effective internal controls
• Insurance managers, risk managers, safety practitioners, auditors, and others who find their traditional role expanding to include enterprise risk management duties
• Individuals taking up a new role or students embarking on a course of formal study such as the IRM Certificate or International Diploma course
• Individuals seeking to enhance their understanding of risk