- Duration: 3 days
Course overview
Active community partnership projects between corporates/governments and the communities aim to co-create societal impact, which in return will positively affect business and governance. This Strategic Community Relations online training aims to provide managers, professional leaders, policy makers, academic professionals and all employees to acquire in-depth insights and hands-on knowledge on how to best create shared value for communities and businesses alike. This training seminar will not only dispel myths relating with community engagement but will also focus on how to manage community stakeholders effectively to ensure a ‘win-win’ and to prevent conflict whenever possible.
This training will highlight:
• Provide delegates with the knowledge and skills appropriate to the practice of risk management in preparation for a possible career that touches on the broad area of risk
management.
• Provide students with a framework, process, skills and tools for the critical analysis of issues relating to an enterprise risk management (ERM) program
• Explain how an organization applies strategic risk management, project risk management and operational risk management
• Explain the concepts of organizations risk position including risk appetite and risk tolerance.
• Demonstrate risk assessment and risk response methods and techniques
• Explain key risk modeling methods, and associated limitations of risk modeling
• Describe ERM in strategic planning, risk oversight and corporate governance, internal audit and control, regulation and compliance
• Explain how an organization’s internal culture and external environments relate to its risk management program
Course Learning Outcomes
At the end of this course the participants will be able to:
• Explain how various drivers have influenced the development of enterprise risk management.
• Describe compliance and governance models and their role in an enterprise risk management program.
• Define enterprise risk management and the value that can be provided by an enterprise risk management program
• Learn the importance of articulating an organization’s goals, values and risk position as well understanding how they assist in setting an organization’s materiality standard.
• Learn how to elicit, describe, and categorize risk events and gain a basic understanding of risk event quantification analysis and engineers assist organizations in these analyses
• Understand multiple forms of risk prevention and mitigation solutions commonly used within organizations and also learn how engineers assist in risk response planning
in organizations.
Course content
DAY 1
Foundations of Enterprise Risk Management(ERM)
• ERM background, evolution and new world order
• Foundations of ERM: Why?
• Current risk management legislation, regulatory standards and compliance obligations
• Risk management and the role of the Board and senior management Understanding
Enterprise Risk Management
Understanding Risk: What is Risk?
• Defining ERM
• Hallmarks of ERM
• Goals, risk rulers and risk position (appetite
• tolerance)
• ERM five step process overview
• ERM contexts: Strategic risk management, project risk management, operational risk management
DAY 2
Enterprise Risk Management Process
Step 1: Risk programming
• Vision, mission, values – “Triple bottom line” concept
• Strategic planning and ERM
• Role of engineers in risk programming
Step 2: Risk Analysis
• Context of risk analysis
• Identifying and describing, measuring and analyzing risk
• Expressing risk: introduction concept of heat map, values map, risk modelling, risk-adjusted financial forecasting and portfolio theory
• Identification methods
• Risk description and expression methods
DAY 3
Step 4: Decision Process
• Risk-based decision making
• Multi hierarchy attribute process
• Role of engineer in risk decisions
Step 5: System Administration
• Risk management structure – Board committees (audit, finance, HR), risk management function, internal audit and compliance function
• Key risk indicators and risk position statements
• Risk registers, dashboards, reports
• Organizational Risk Management Maturity assessments
• Risk monitoring and reporting obligations
• Role of engineers in risk administration
DAY 4
Risk Culture in Organizations
• Diverse value objectives within organizations
• Risk management environment, risk psychology, and culture of discipline
• Importance of common risk language
• Legal considerations, confidentiality, risk information security and privacy
• Hazardous cultures: punitive, fraud environments and morale hazards
• Uncertainty and “black swans”
• Wisdom of the crowds
Upon successful completion of this four (4) day course, the delegates will be cognizant of best practices in enterprise risk management and will be expected to conduct a risk assessment from the risk event identification process to steps taken by organizations to balance risks and rewards, gain an understanding of types of methods that can be used to respond to these risks, monitoring and reporting, and produce high level reports of business risk
Target audience
• Staff involved in strategic and operational functions
• Business Operations Managers
• All Personnel involved in business strategy, community relations, governmental affairs.
Training Methodology
State-of-the-art business facilitation methods are transferred by means of short, focused presentations which are followed by experiential learning workshop sessions. In these sessions, the knowledge gained is applied to real-world examples and case studies. Rapid learning of the methods and techniques is achieved by means of group work, individual work, participant discussion, facilitator interaction and constructive feedback.
WHY STUDY WITH US?
Diamond Training Institute give you the opportunity to further your education and acquire the knowledge and skills that are relevant in the workplace.
ON-TRACK FOR GROWTH
The individual leaves this course with a Personal Action Plan to encourage immediate transfer of training to the job.
EVALUATION TO ENSURE CONSISTENT QUALITY
All our courses are evaluated at Kirkpatrick’s Reaction and Learning levels as part of our quality control process.
Download Course Outline Here
