ΠΕΡΙΓΡΑΦΗ

Course Overview 

Risk and uncertainty are part of everyday business life. In today’s increasingly complex business environment the management of opportunity and risk plays a vital role in the  success of any organisation or in the timely and successful completion of any project.

Recent examples of risk management failures in otherwise financially strong and reputable organisations show how risk can destroy an organisation if not adequately managed. Organisations with a sound risk management framework are in a better position to take advantage of the upside and manage the downside of risk.

This five-day introduces participants to the principles, framework and process of the ISO 31000 risk management standard. The course guides participants on how to develop and implement a risk management programme, define risk appetite and risk tolerance and link opportunity and risk management with the strategic and business objectives of the organisation. The course provides the practical tools for establishing a risk management framework, and applying risk communication and consultation, monitoring and review, and recording and reporting processes based on the ISO 31000 Risk Management Standard. Participants shall acquire the skills to select and apply key risk indicators and the most appropriate techniques for risk treatment depending on the risk and the its acceptance criteria.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

Training Objectives

By the end of the programme, participants will:

• Understand what is uncertainty, risk and risk management
• Be aware of the various risk management standards
• Understand the principles of risk management and their application to enterprise risk management
• Understand the ISO 31000 risk management framework, principles and process
• Understand risk appetite and risk tolerance
• Understand how to develop a risk management plan
• Understand what is risk assessment and the five steps of risk assessment
• Be aware of the various risk assessment techniques
• Understand what is risk treatment the various options of risk treatment
• Understand how to establish a risk communication, consultation, monitoring and review program
• Understand risk culture and the principles of developing a risk culture

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Who Should Attend

The programme is ideal for:

• C-Level Executives and Senior Managers
• Risk managers
• Compliance Officers
• Project managers
• Finance and accounting managers
• Investment executives and managers
• Internal and external auditors
• Internal Lawyers and legal
• Anyone who wishes to acquire hands on knowledge of risk management

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline

The programme outline should provide the headlines and sub-headlines of the topics to be discussed/examined throughout the course. An example could be:

DAY 1

• Introduction to Risk Management
• Principles of Risk Management
• ISO 31000 Risk Management Framework
• ISO 31000 Risk Management Process

DAY 2

Developing a risk management plan

• Scope, Context, Criteria
• Risk Management Roles and Responsibilities
• Determining risk Appetite and risk tolerance
• Setting
• Corporate Governance and Risk Governance
• Leadership and Commitment

DAY 3

• Risk communication and consultation
• Principles of Risk Communication
• Establishing a risk communication & consultation plan
• Risk monitoring and review
• When to monitor and review
• How to monitor and review
• Risk Culture and the human factor

DAY 4

Risk Assessment

• Principles of Risk Assessment
• The five steps of risk assessment
• Risk Identification
• Risk Analysis
• Likelihood and consequences
• The risk matrix
• Risk Evaluation
• Key Risk Indicators
• Risk Assessment Techniques

DAY 5

Risk Treatment

• General aspects of risk treatment
• Risk control and reduction techniques
  • Risk Avoidance
  • Risk Acceptance
  • Risk Reduction
  • Risk Transfer
  • Risk exploitation
  • Risk Recording and reporting

Training Style and Knowledge Test

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, presentations, case-studies and real -life examples. Participants shall benefit from case studies and practical workshops and shall be able to transfer the knowledge and skills acquired to their workplace.

The Certificate takes a practical hands-on approach in teaching. The basic methodology for doing risk analysis will be enhanced by software which will be made available to the participants and facilitate its application on actual real-life cases. Case-studies will be provided and be supporting the teaching. Participants will be expected to work on such case-study in class and also as home assignment during the period between the two sessions of the course.

At the completion of the knowledge areas, participants will be assessed via the form of Multiple-Choice Questions which will consist of questions related to the material taught. The aim of the assessment is to examine participants’ overall attention and knowledge of material taught as well as their competencies towards the implementation of practical cases.

CPD Recognition

The syllabus of the Certificate may be approved for up to 35 CPD units in Risk. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

Trainer

Antonios Karpasitis