Managing Financial Risk in an Economic Downturn

An Intensive 3-day Training Course

Managing Financial Risk
in an Economic Downturn

Managing Financial Risk in an Economic Downturn

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We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.

In-House Solutions ›

We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department ([email protected])

Why Choose this Training Course?

The level of exposure to financial risk is a very important indicator of the financial health of a business. Organisations having higher levels of financial risk are particularly vulnerable when there is a downturn in economic activity. During an economic downturn the real-life practical problems and risks faced by us all on a daily basis take on an increased significance. The financial problems faced in an economic downturn may have a critically adverse impact on individual and organisational performance and so it is crucially important to be able to use the appropriate management tools to resolve them and avoid their repetition.

This training course takes a very user-friendly approach to enable participants to identify various forms of financial risk and business risk, use root cause analysis to determine the source of resultant business problems, and then use the tools and techniques of the problem-solving process and identify appropriate actions. The Instructor’s own commercial and industrial experience plus many other real-world business scenarios are shared throughout this seminar to reinforce the use of such tools and techniques.

This training course will highlight:

  • The various types of financial risk, and business risk
  • Root cause analysis of business problems
  • Problem-solving tools and techniques
  • Practical solutions to resolve business problems

What are the Goals?

By the end of this training course, participants will have learned how to:

  • Develop the essential skills needed to understand risk
  • Analyse the choice of options available to deal financial risk
  • Identify the keys factors to determine the real root causes of business problems
  • Resolve business problems using the problem-solving process
  • Develop a methodology to eliminate the repetition of business problems

Who is this Training Course for?

The business problems faced during an economic downturn have a significant impact on the financial performance of the whole organisation. Business professionals in every role and at every management level in the organisation have a responsibility to ensure that their business skills toolbox includes the ability to identify such problems and to use the appropriate management tools that ensure that they are effectively resolved and are not repeated.

This training course  enables participants to identify financial problems, particularly those faced during an economic downturn,and it is suitable for a wide range of participants from companies, corporations and government organisations, and will greatly benefit business professionals and managers working in:

  • sales and marketing
  • finance and accounting
  • planning and budgeting
  • estimating and costing
  • operations
  • facilities management
  • engineering
  • procurement
  • logistics
  • project management
  • exploration management
  • asset management
  • quality management
  • human resources

and senior managers and other managers interested in managing financial risk and business risk, root cause analysis and the problem-solving process.

How will this Training Course be Presented?

Training methodology includes its presentation in a very user-friendly way to suit individuals with varying levels of financial knowledge and business experience.

The training course will be conducted along workshop principles to ensure the development of transferable skills and knowledge using formal presentations, numerous worked examples, and real-world scenarios. Discussion of current issues, policies and procedures, together with interactive team case studies and exercises, and videos reinforce the application of each of the learning points and topics covered.

Our aim is to make this course an enjoyable learning experience.

Daily Agenda

Day One: Business Risk and Financial Risk
  • What is risk?
  • Identification of the different types of business risk and financial risk
  • The risk-reward decision model
  • The choices presented in response to every risk
  • Risk models
  • Assurance versus insurance
Day Two: Identifying Problems And their Causes, And Problem-Solving
  • Fundamental elements of the root causes of problems
  • General principles of root cause analysis (RCA)
  • Implementing RCA-based corrective action technique
  • The Deming plan/do/check/act (PDCA) model
  • Using the problem-solving worksheet
  • Using the tools and techniques of the problem-solving process
Day Three: Actions to Resolve Business Problems
  • Using the problem-solving process to resolve business problems
  • The practical analysis of business risk
  • The practical analysis of financial risk
  • Applying the tools and techniques of root cause analysis
  • Developing a usable problem-solving approach to generate practical solutions to real-life business problems

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Frequently Asked Questions

Why PetroKnowledge?

PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.

Who are these training courses designed for?

Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.

Are the courses delivered online or in person?

PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule

Can I get a customized training course for my team?

Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.

Are there any prerequisites for attending a course?

Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.

How can I enroll in a course?

Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.

You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Will I receive a certificate after completing the course?

Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.

When and how do I arrange payments?

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

What is the refund or cancellation policy?

Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to [email protected].

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