Risk Management Update

Risk Management Update for Boards/Senior Executives

3 - 4 hour Tailored Sessions

Overview

Training for Senior Executives in larger organisations is the single most important part of any risk management process.
The Board and Senior Management Team have to be ‘on board' in order to give the risk management process weight - and to understand how good practice contributes directly to service delivery. or to profitability. or both. Directors, particularly, need to understand their own role and ccountabilities in ‘making it happen' (particularly in light of the Corporate Governance). Without the support and ‘buy-in' of the Board and Senior Management team, any risk management process will inevitably falter - and fail to deliver the benefits expected. A key concern for senior managers is how to deal with
Corporate Risk Management and Corporate Governance - what is required and how far do you have to go?. We pride ourselves in specialising in this vital area of business risk management - working at Board/Senior Management levels with many large organisations in both the Private and Public sectors. We understand the need to make such sessions hard-hitting but practical, with a need to focus on business-specific issues and concerns. Most importantly, we understand that the sessions should be suitably engaging and have to lead somewhere - not just being ‘interesting but irrelevant' training that can be forgotten when finished. Action Planning is the focus throughout. These sessions, always tailored to specific local ‘politics' and key risk concerns, are the ‘jewel in the crown' in our training
programme and are only presented by Human Applications' most senior consultants, each with extensive previous practical experience at this level of management.

Aims

To provide Boards/Senior Executives with a practical understanding of their risk management role and how this should influence their strategic thinking and behaviour.

Learning objectives

To give Senior Executives in larger organisations a better practical understanding of:

• Responsibilities, accountabilities and liabilities in modern risk management
• The importance of understanding risk
• The challenges posed by organizational design - how to manage ‘silos'
• How risk registers should function
• Attitudes to risk and risk appetite
• How to discharge strategic risk management responsibilities effectively
• How capture risk at a high level
• Concentrating on a small number of clearly significant risks - the Top ‘X' principlel

Prerequisites

None - The course is intended either as an introduction or as an update.

Who should attend?

Board Members and Senior Executives in larger organisations, either in the Private or Public or sectors.

Outline Programme - to be tailored to specific organisational requirements/key concerns

• Understanding risk
• The risk management process
• Overcoming silo thinking
• Risk registers
• Attitudes to risk
• Risk appetite
• The importance of communication
• The X Y Z approach
• Rating risk
• Managing risk in practice
• Risk management responsibilities
• The Top ‘X'principle
• Where do we go from here - ACTION PLANNING