Business Management
Risk Management
Duration (Days)
3
Overview
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Understand risk management and its application and context within an organization
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Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization.
Objectives
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Understand risk management and its application and context within an organization
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Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization.
Course Outline
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Strategy – the foundation of the businessRisk and uncertainty
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Risk aversion and risk tolerance
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The principal drivers of risk in contemporary business
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The most significant categories of risk for business
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Global processes, guidelines and standards in risk assessment
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Optimizing a risk management process
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Contingency planning and calculating risk exposure
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Managing complexity in global supply chains
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Managing risk associated with alliances and joint ventures
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Risks associated with intellectual property law
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Product liability/litigation/reputation risk
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New developments in the field of risk management
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A structured approach to implementing risk management
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Case example of best practice and group discussion of its applicability
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Designing/developing a risk management process
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Implementing and embedding a risk management culture