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An Intensive 5 Day Training Course

Professional Risk Manager

(an ILM-endorsed version of '(Risk Management, Control & Compliance (Corporate Governance))

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Course Dates, Venues and Fees

Code Date Venue Fee($)
MG144q 02 - 06 Jul 2018 London - UK $5,500
MG144q 01 - 05 Oct 2018 London - UK $5,500
MG144q 23 - 27 Dec 2018 Abu Dhabi - UAE $5,500

Why Choose this Training Course?

Recent events in the world have brought the subject of risk into higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment. We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimize its potential negative impact. Dealing with risk should produce benefits for us as individuals, as well as for the organizations within which we work.

However, taking a risk can also result in a positive outcome. This training course will show you how to analyze and minimize risk, turn risk into opportunity, and manage uncertainty.

This Risk Management training course is structured around the ISO 31000:2009 framework, principles and processes. It will describe internal control mechanisms and explain how to measure risk in terms of probability and potential impact, as recommended by the Institute of Internal Auditors (IIA).

This training course will feature:

  • The knowledge to identify, analyze, evaluate, treat, monitor and control risks
  • An overview of the tools and techniques used in risk management
  • Insights into the fundamentals and role of risk management
  • Effective risk management procedures based on ISO 31000:2009
  • Increasing confidence in planning for risk and exercising internal control

Training Objectives click here

What are the Goals?

At the end of this training course, participants will be able to:

  • Understand risk management and its application and context within an organization
  • Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization
  • Appreciate the importance of a risk management process
  • Brief overview of mainstream global processes, guidelines and standards
  • Explain how the risk management cycle uses structured reasoning and critical thinking to address risk management problems
  • Describe how risk management alternatives are developed and evaluated in order to support better decisions in risk management
  • Explain how and why the management of risk is one of the fundamental elements of management used in meeting business objectives and key performance indicators
  • Communicate the characteristics of effective risk management to your team

Target Audience click here

Who is this Training Course for?

This PetroKnowledge course is suitable to a wide range of professionals in strategic and operational management, specialist functional and support activities.

This training course will also be of benefit to:

  • Business planners
  • Operations analysts
  • Management accountants
  • Corporate finance professionals
  • Internal auditors
  • And similar roles

Training Methods click here

How will this Training Course be Presented?

This training course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the course leader has been personally involved.

Each session allows you to develop your skills and apply them to your organization to analyze the effectiveness of your current approach and your plans for its further development.

Daily Agenda click here

Day One: Understanding Risk Management – Context and Application

Competency Description: The first objective is to establish a strong understanding of the content and purpose of risk assessment and risk management in relation to the strategic objectives of your organization.

Key behaviours

  • Differentiating strategic and operational management
  • Identifying sources of risk and uncertainty
  • Gathering and processing information on risk and uncertainty
  • Identifying and learning from best practice
  • Understanding how risk management influences plans, goals and measures

Topics to be covered

  • Strategy – the foundation of your business
  • Understanding the difference between strategic and operational risk
  • Risk and uncertainty: the difference between the two terms
  • Risk aversion and risk tolerance
  • Using quantitative and qualitative techniques in assessing risk
  • The concept of the risk management cycle and how this works
  • Case study or case example for group work/discussion

Day Two: Identifying and Evaluating Risk

Competency Description: The next objective is to understand the sources of risk in 21st century business and the role of international standards and techniques used to create a risk management process.

Key behaviours

  • Evaluating and ranking the principal drivers of risk
  • Applying world-leading standards in risk identification
  • Building relationships with regulatory organisations
  • Understanding risk management as a business process
  • Adapting general principles to specific company requirements

Topics to be covered

  • The principal drivers of risk in contemporary business
  • The most significant categories of risk for business
  • Global processes, guidelines and standards in risk assessment
  • The relevance of ISO and the professional institutions
  • Overview of the main tools and techniques in managing risk and uncertainty
  • Optimizing a risk management process
  • Case study or case example for group work/discussion

Day Three: Understanding and Managing Specific Types of Risk (1)

Competency Description: We now focus in detail on the main categories of risk and illustrate with case examples and exercises the approaches used in assessing and managing these types of risk.

Key behaviours

  • Identifying of major risk categories
  • Understanding how risk changes over time
  • Applying risk analysis tools and techniques at different levels
  • Coping with increased complexity in 21st century business
  • Sharing specific risks in collaboration with other organisations

Topics to be covered

  • Strategic risk – deciding on the programme/project mix
  • Incorporating risk analysis into business development decisions
  • Contingency planning and calculating risk exposure
  • Operational risk – coping with variance and divergence from plan
  • Managing complexity in global supply chains
  • Managing risk associated with alliances and joint ventures
  • Case examples/exercises on the above topics

Day Four: Understanding and Managing Specific Types of Risk (2)

Competency Description: We continue our analysis of the remaining major categories of risk and illustrate with case examples and exercises the approaches used in assessing and managing these types of risk.

Key behaviours

  • Working with finance specialists to address risk
  • Identifying and minimizing specific financial risks
  • Working with legal specialists to address liability/litigation risk
  • Identifying and minimizing legal risk
  • Assessing the right risk to take

Topics to be covered

  • Financial risk – capital market dynamics, exchange rate exposure
  • Risks associated with different forms of corporate capital structure
  • Risks associated with management of cash flow/credit
  • Legal risk – the requirements of corporate governance
  • Risks associated with intellectual property law
  • Product liability/litigation/reputational risk
  • Case examples/exercises on the above topics

Day Five: Embedding Risk Management into the Corporate Culture

Competency Description: Finally we learn how to embed risk management into the culture of the organization. We focus on leading your team in learning how to apply risk management principles.

Key behaviours

  • Taking the lead in involving your team in risk analysis and management
  • Training your team in learning about changes in ISO and other standards
  • Creating a risk management culture
  • Involving your team in designing and developing a risk management process
  • Gaining your team’s commitment to continuous development of risk management

Topics to be covered

  • New developments in the field of risk management
  • A structured approach to implementing risk management
  • Case example of best practice and group discussion of its applicability
  • Designing/developing a risk management process for your own organisation
  • Implementing and embedding a risk management culture in your organisation
  • Group discussion on action plan for next steps

Accreditation click here

PetroKnowledge is an ILM Recognised Provider (Centre ID#806199D) and offers endorsed training courses. Aside from PetroKnowledge’s Certificate of Completion, participants will be able to pursue ILM Endorsed Certification (which typically involves passing an additional study, either a work based assignment or on-demand assessment) after the conclusion of this ILM endorsed training course.

Related Courses click here

Assessment

This training course is endorsed by the ILM. Opting to receive an ILM-endorsed certificate requires you to accomplish an on-the-job assessment component applying the knowledge gained on the training course to your area of responsibility. You need to consider the modules and topics covered in this PetroKnowledge training course when developing your assessment.

Following attendance on this programme, certification with ILM requires you to complete an assignment that demonstrates how you are going to apply the knowledge gained on the programme to your area of responsibility.

You need to consider the course as a whole and the individual topics covered when planning and writing your script. 

Your task is to select a strategically significant project in your business; then (a) conduct an evaluation of the risks involved in executing this project and (b) show how to use the tools and techniques presented in the course to manage and control the identified risks.  Finally, you need to show how the course of action follows best practice in conformance with established international standards of corporate governance.  

Additional notes

  • Clarify the reasons why you have chosen this specific risk as your subject.
  • Explain how you chose the specific risk management approach.
  • Identify the main learning points arising from the outcomes of your approach.

Maximum 1000 words.


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Home » Courses » Management & Leadership » Professional Risk Manager
PetroKnowledge Training


Professional Risk Manager
(an ILM-endorsed version of '(Risk Management, Control & Compliance (Corporate Governance))


Code Date Venue Fees
MG144q 02 - 06 Jul 2018 London - UK $5,500
MG144q 01 - 05 Oct 2018 London - UK $5,500
MG144q 23 - 27 Dec 2018 Abu Dhabi - UAE $5,500



Why Choose this Training Course?

Recent events in the world have brought the subject of risk into higher profile. Evaluating the range of available risk management techniques and choosing the most appropriate response in each case is an increasingly significant element of managerial responsibility in today’s business environment. We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimize its potential negative impact. Dealing with risk should produce benefits for us as individuals, as well as for the organizations within which we work.

However, taking a risk can also result in a positive outcome. This training course will show you how to analyze and minimize risk, turn risk into opportunity, and manage uncertainty.

This Risk Management training course is structured around the ISO 31000:2009 framework, principles and processes. It will describe internal control mechanisms and explain how to measure risk in terms of probability and potential impact, as recommended by the Institute of Internal Auditors (IIA).

This training course will feature:


Training Objectives

What are the Goals?

At the end of this training course, participants will be able to:

  • Understand risk management and its application and context within an organization
  • Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization
  • Appreciate the importance of a risk management process
  • Brief overview of mainstream global processes, guidelines and standards
  • Explain how the risk management cycle uses structured reasoning and critical thinking to address risk management problems
  • Describe how risk management alternatives are developed and evaluated in order to support better decisions in risk management
  • Explain how and why the management of risk is one of the fundamental elements of management used in meeting business objectives and key performance indicators
  • Communicate the characteristics of effective risk management to your team

Target Audience

Who is this Training Course for?

This PetroKnowledge course is suitable to a wide range of professionals in strategic and operational management, specialist functional and support activities.

This training course will also be of benefit to:

  • Business planners
  • Operations analysts
  • Management accountants
  • Corporate finance professionals
  • Internal auditors
  • And similar roles

Training Methods

How will this Training Course be Presented?

This training course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the course leader has been personally involved.

Each session allows you to develop your skills and apply them to your organization to analyze the effectiveness of your current approach and your plans for its further development.

Daily Agenda

Day One: Understanding Risk Management – Context and Application

Competency Description: The first objective is to establish a strong understanding of the content and purpose of risk assessment and risk management in relation to the strategic objectives of your organization.

Key behaviours

  • Differentiating strategic and operational management
  • Identifying sources of risk and uncertainty
  • Gathering and processing information on risk and uncertainty
  • Identifying and learning from best practice
  • Understanding how risk management influences plans, goals and measures

Topics to be covered

  • Strategy – the foundation of your business
  • Understanding the difference between strategic and operational risk
  • Risk and uncertainty: the difference between the two terms
  • Risk aversion and risk tolerance
  • Using quantitative and qualitative techniques in assessing risk
  • The concept of the risk management cycle and how this works
  • Case study or case example for group work/discussion

Day Two: Identifying and Evaluating Risk

Competency Description: The next objective is to understand the sources of risk in 21st century business and the role of international standards and techniques used to create a risk management process.

Key behaviours

  • Evaluating and ranking the principal drivers of risk
  • Applying world-leading standards in risk identification
  • Building relationships with regulatory organisations
  • Understanding risk management as a business process
  • Adapting general principles to specific company requirements

Topics to be covered

  • The principal drivers of risk in contemporary business
  • The most significant categories of risk for business
  • Global processes, guidelines and standards in risk assessment
  • The relevance of ISO and the professional institutions
  • Overview of the main tools and techniques in managing risk and uncertainty
  • Optimizing a risk management process
  • Case study or case example for group work/discussion

Day Three: Understanding and Managing Specific Types of Risk (1)

Competency Description: We now focus in detail on the main categories of risk and illustrate with case examples and exercises the approaches used in assessing and managing these types of risk.

Key behaviours

  • Identifying of major risk categories
  • Understanding how risk changes over time
  • Applying risk analysis tools and techniques at different levels
  • Coping with increased complexity in 21st century business
  • Sharing specific risks in collaboration with other organisations

Topics to be covered

  • Strategic risk – deciding on the programme/project mix
  • Incorporating risk analysis into business development decisions
  • Contingency planning and calculating risk exposure
  • Operational risk – coping with variance and divergence from plan
  • Managing complexity in global supply chains
  • Managing risk associated with alliances and joint ventures
  • Case examples/exercises on the above topics

Day Four: Understanding and Managing Specific Types of Risk (2)

Competency Description: We continue our analysis of the remaining major categories of risk and illustrate with case examples and exercises the approaches used in assessing and managing these types of risk.

Key behaviours

  • Working with finance specialists to address risk
  • Identifying and minimizing specific financial risks
  • Working with legal specialists to address liability/litigation risk
  • Identifying and minimizing legal risk
  • Assessing the right risk to take

Topics to be covered

  • Financial risk – capital market dynamics, exchange rate exposure
  • Risks associated with different forms of corporate capital structure
  • Risks associated with management of cash flow/credit
  • Legal risk – the requirements of corporate governance
  • Risks associated with intellectual property law
  • Product liability/litigation/reputational risk
  • Case examples/exercises on the above topics

Day Five: Embedding Risk Management into the Corporate Culture

Competency Description: Finally we learn how to embed risk management into the culture of the organization. We focus on leading your team in learning how to apply risk management principles.

Key behaviours

  • Taking the lead in involving your team in risk analysis and management
  • Training your team in learning about changes in ISO and other standards
  • Creating a risk management culture
  • Involving your team in designing and developing a risk management process
  • Gaining your team’s commitment to continuous development of risk management

Topics to be covered

  • New developments in the field of risk management
  • A structured approach to implementing risk management
  • Case example of best practice and group discussion of its applicability
  • Designing/developing a risk management process for your own organisation
  • Implementing and embedding a risk management culture in your organisation
  • Group discussion on action plan for next steps

Accreditation

PetroKnowledge is an ILM Recognised Provider (Centre ID#806199D) and offers endorsed training courses. Aside from PetroKnowledge’s Certificate of Completion, participants will be able to pursue ILM Endorsed Certification (which typically involves passing an additional study, either a work based assignment or on-demand assessment) after the conclusion of this ILM endorsed training course.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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