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Advanced Risk Management (ARM)
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Introduction

Risk Management is the practice used to prevent as many losses as possible and arranging methods of payment for the rest. Risk Management is a scientific approach to the problem of dealing with the pure risks faced by individuals and businesses.  Managers have full responsibility dealing with all risks facing the organization, including both speculative and pure risks. Risk Management is not just buying insurance for a company. It also involves dealing with both insurable and uninsurable risks and the choice of the appropriate techniques for dealing with them.

Course Objectives

  • This course provides a solid foundation in the understanding of risk, how it is managed, how to plan and use business continuity should things go wrong and how to monitor and report progress on risk management.
  • Identify and manage risk and uncertainty which is a very important management skill and a key element in the overall framework for corporate governance in an organisation.
  • Provide a broad introduction to the subject of risk management.
  • Explore the positive and negative aspects of risk ,focusing on business Enterprise Risk Management
  • Improving your knowledge and practical skills in the identification assessment and control of business risk

Delegates will get working knowledge on the implementation and audit procedures for:

  • Planning for HIRAC
  • Risk Control Measures Enterprise Risk Management Protocols
  • Continual improvement in the company’s High Risk Profiles
  • BCM Policy and Programme Management
  • Understanding the organization
  • Business Impact Analysis
  • Risk Assessment
  • Determining BC Strategies
  • Developing and Implementing a BCM Response
  • Incident Management Plan
  • Business Continuity Plan
  • What is information security?
  • The business need
  • How to value your information
  • Quantifying Risk and Risk Management
  • Defining protection using ISO/IEC 27001
  • Measuring your compliance to ISO/IEC 27001

Course Content

  • Risk ManagementEmergence Scope & Purpose
  • Global events leading to the emergence of risk management
  • Benefits of risk management;
  • The principle risk management models in use worldwide.
  • Risk Assessment, Analysis & Evaluation
  • Methods available for the identification and assessment of risks
  • Flowcharts and risk profiling techniques
  • Development of risk registers and integration into business processes.
  • Risk Perception & Communication
  • Factors influencing perception of risk
  • Techniques for measuring perception
  • Key requirements for communicating on risk.
  • Risk Treatment – Risk Control
  • Application of risk control measures
  • Common features of effective and less effective control measures
  • Concept of acceptable risk / risk tolerance.
  • Business Continuity Planning & Information Security Management
  • The need for contingency planning;
  • The business continuity lifecycle
  • Key steps in the development of contingency plans (BS25999 & ISO 27001)
  • Risk Treatment – Risk Financing
  • Concept of risk financing including the total cost of risk
  • Considers the pros and cons associated with the financing techniques of transfer
  • Corporate Governance, Reporting, Monitoring, Embedding
  • The development and risk management requirements of codes of corporate governance worldwide

Aimed NQF Level - NQF Level: 4 - 6

Aimed at primarily at managers and directors interested in improving their knowledge and skills in risk management and professionals in risk related fields who require a wider perspective of business enterprise risks

  • Risk Control Officers
  • Risk Managers
  • Business System Managers
  • Information Security Officers ;Technology & Security Professionals
  • Senior managers responsible for implementing systems of effective corporate Governance
  • Insurance managers, brokers
  • Internal Auditors, Managers and Accountants who find their role expanding to include the wider remit of expanded controls and total risk management
  • Change Managers and HR Managers
  • Personnel involved in the Business Legal profession
  • Those taking up a new role in Risk Management

Duration - 5 Days

Prerequisite - None

Please contact Expectra for pricing on these courses