The most recent recession and its fallout, weather (look at 2017), process and product failures, and unethical behavior have again highlighted failures by numerous organizations in identifying and managing risk. The size and reputation of organizations proved not to be the key to success.
DESIGNED FOR
Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managers
BENEFITS
- Understand the sources of risk and potential actions/behavior that may hide them
- Gain up-to-date knowledge of risk management and build upon and improve existing practices
- Recognize actions/steps that can result in measurable benefits to an organization
- Become familiar with the process of Business Continuity Planning
- Identify and discuss analytical tools and areas for further investigation
HIGHLIGHTS
- Rethinking Risk Management:
- Historic view
- Challenges
- Rules
- Recent lessons
- Required skills
- Sources of Risk:
- Economy
- Competitors
- Operations
- Investments
- Strategy
- Compensation
- Routine practices
- Unethical behavior.
- Enterprise Risk Management (ERM):
- Defining ERM
- Areas of focus
- Implementation
- Planning for disasters
- Business continuity
- Contingencies
- Analytical Tools:
- Post-completion evaluations
- Simulation
- Z-score
- Hedging
- Brainstorming
- Mind mapping
- Delphi technique
PREREQUISITES
Experience and/or exposure to financial management
ADVANCE PREPARATION
None