Training Course on Advanced Risk Management

Course Description

A Professional Risk Manager Certification helps you identify and analyze potential issues proactively so that they do not form deterrents to project success. Professional Risk Management equips you to utilize environmental screening effectively to detect potential project deviations in advance. This allows you sufficient time to prepare adequately to prevent negative consequences from derailing planned projects. Risk analysis is used to reduce the impact of a negative event by evaluating a planned project using cost-benefit analysis. This also allows your company to plan an expedited response to emergencies or other adverse events and eliminate risks during a process.

There is no better way to ensure that you acquire comprehensive knowledge pertaining to Risk Management which will allow you to build a strong risk management program for your organization. A Professional Risk Manager Certification also ensures competence and adherence to key risk management standards. This will ensure that your staff are professionally risk management certified as part of staff development. An investment in your workforce and hence your human capital will ultimately augment the potential and future value of your organization. In addition, it will enhance your organization’s risk practices and public image. It offers you a way to evaluate and appraise performance, streamline hiring standards, and measurably demonstrate the competence of your staff.

This Training Course on Advanced Risk Management offered by Phoenix Center for Policy, Research and Training will consequently succinctly equip you with the skills to assimilate concepts and develop a contextual interpretation of how your organization can ensure the compilation of a flexible and adaptable risk management plan.

Course Objectives

Upon the successful completion of this Training Course on Advanced Risk Management, participants will be able to:

• Learn how to encapsulate Risk Management methodology and principles in their respective organizational environments
• Gain insight into the primary risk control measures adopted within generic organizational scenarios
• Understand the process to assimilate risk management prerequisites into the organizational culture with a view to developing a proactive risk averse culture
• Discover and practice how to consistently and constructively manage risk to deliver on all their organization’s relevant primary objectives
• Recognize how to spot and avoid common errors when reviewing existing risk management plans
• Acquire an understanding of the principles, procedure and protocol pertaining to the implementation of Professional Risk Management methodology including its potential and impact
• Display knowledge and understanding of the main sources of Risk Management methodology and how it is used to streamline organizational efficiency and simultaneously optimize value extraction
• Identify and critically evaluate the main weaknesses of procedure and protocol pertaining to current Risk Management methodology in your organization
• Understand the practical impact of applying Professional Risk Management principles in your organization
• Understand the roles, functions and responsibilities of various actors, organizations, and institutions in the Professional Risk Management genre

Training Methodology

The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants’ displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what they’ve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.

Who Should Attend?

This Training Course on Advanced Risk Management would be suitable for, but not limited to:

• Risk Management Professionals – Executive Managers, Change Management staff, Organizational Development staff, Business Process Re-engineering consultants, Human Resources personnel and public servants who want to deepen their expertise in this specific issue
• All individuals whose responsibilities include the implementation of risk management plans especially for the improvement of broader organizational strategic objectives

Course Content

Module 1: Introduction

• History
• Approach
• Principles
• Philosophy
• Values
• Link and Relationship between Risk Management and Strategic Planning
• Understanding the nexus between Risk Planning and Risk Specificity (Case Study)

Module 2: Risk Strategy  

• Risk Scheduling
• Risk Integration
• Organization wide risk perspective
• Risk Guidelines and Standards
• Risk Policy
• Context
• The intercept between Risk Propensity in Operations and Risk Strategy (Case Study)

Module 3: Risk Classification

• Continuous Improvement
• Retention of Institutional Memory
• Risk Management, Framework, Context and Communication
• Scenario Planning
• Risk Identification, Assessment and Evaluation
• Risk Quantification
• Risk Projection & Planning

Module 4: Risk Reporting  

• Risk Qualification
• Risk Control
• Attributes of effective Risk Management
• Risk Treatment and Risk Monitoring
• Contingency Planning
• Risk Enablers

Module 5: Risk Project Management

• Change Leadership and Information Management
• Customer Stakeholder Relationship Management
• Communication, Research and Analysis
• Risk Beneficiation
• Risk Extrapolation and Benchmarking
• Market Risk Prediction
• Integrated Risk Management
• Case Study: Incorporating flexibility and adaptation for Project Risk Management: A Systemic Approach

Module 6: Operational Risk Management  

• Assessment
• Gap Analysis
• Risk Performance Audits
• Risk Systems Audits
• Risk Elimination
• Risk Frameworks and Regulations
• Risk Management Legislative Imperatives
• Case Study: Risk Management and OHSA: (An Integrated Approach)

Module 7: Embedding Risk Management  

• Entrenching a Risk Averse Culture
• Aligning Risk detection with work practices
• Risk Essentials
• Risk Performance Culture
• Operational Risk versus Strategic Risk
• Case Study Construction: Inculcating the Risk Check Habit
• Risk Appetite and Tolerance
• Case Study: Risk Learning: A Knowledge Management Imperative

Requirements

• Participants should be reasonably proficient in English.
• Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.

NOTE

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
5. Approval of Course: Our Programs are NITA Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

How to Book: Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254737566961

Payment Options: We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
2. Invoice: We can send a bill directly to you or your company.
3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
2. Participants may cancel attendance 14 days or more prior to the training commencement date.
3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com  

Accommodation: Accommodation is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961