Risk management

20 July 2016

The media is full of stories involving serious problems that have suddenly struck particular enterprises. The cause may be external and beyond the organisation’s control (such as a natural disaster) or internal (such as a failure to comply with regulations, or issues with quality control).

Whatever the cause, you are left to wonder why top management were not aware of the possibility so that they could take evasive action – or at least be in a position to react quickly and positively when the problem arose.

Risk Management looks at the concept of risk management and how it has developed, the sort of infrastructure and processes it requires, and the impact it has on traditional control systems. It also looks at some of the problems which have made national and international news.

The course is topical, practical and highly relevant to today’s changing world. Each module is split into two activities: understanding the issues, and putting it into practice. The first encourages you to think about a topic, drawing on your own professional experience and knowledge. The second helps you to put ideas and/or theories into practice as part of your day-to-day work.

Risk Management enables you to:

  • Understand the concept of risk management
  • Identify the impact risk management has on an organisation
  • Understand the processes required for risk management to be put in place
  • Develop an understanding of the Bribery Act and its implications
  • Use recent risk management disasters to help avoid future problems
  • Manage the effects of extreme events on an organisation

Target audience

This course is designed for senior managers and in particular those who have responsibility for accounting and finance.

Topics

The context:

  • Financial crises
  • The nature of risk
  • Impact of megatrends
  • Regulatory requirements

The infrastructure:

  • Foundation stones
  • Sources of value
  • Risk appetite
  • Framework

Practicalities:

  • Budgetary control
  • Investing
  • Extreme events
  • Crisis management

Recent issues:

  • The Bribery Act
  • Recent disasters

Cost

£75.00

4 CPD hours

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