Objective
- Understand the sources of risk and potential actions/behavior that may hide them
- Gain current knowledge of risk management and provide a foundation to 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; Sample group exercise; Planning for disasters; Business continuity; Contingencies
- Analytical Tools: Post-completion evaluations; Simulation; Z-score; Hedging; Brainstorming; Mind mapping; Delphi technique
Designed For
Public, private, and non-profit organizations and their members - CFOs, CEOs, controllers, auditors, and managersPrerequisite
Experience and/or exposure to financial managementAdvanced Preparation
None