Managing Business Risk

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  • Private Class Price is Per Day not Per Pax
  • Send 1 or 20 pax for the same price
  • HDRF Claimable(SBL)

Private Class from

2700/day

(2 Days)

BENEFITS

Upon completion of this programme, participants will be able to:

  • Identify the business position in an industry and be aware of the various possible risk it faces
  • Better understand why risk management is essential to the success of a business
  • Recognize and distinguish the various categories of risk
  • Develop a risk culture and design risk management strategies to minimize the risk impact in their organization
  • Evaluate and manage risk effectively and gear towards unexpected events

INTRODUCTION

In today's business environment, all business sectors face various risks that may test their resilience and sustainability. Risk is brought about by globalization, competition, and the fast changing technology. Risk may be viewed differently by different people; hence it is essential to understand the various dimensions of risk in a business environment that would impact on an organization's bottom line.


We cannot avoid taking risks in any business but we can be more risk-sensitive. Understanding risk categories helps us in identifying the risk types that a business may encounter. A good risk management structure helps companies manage risk effectively and gears towards unexpected events, whether internally or externally to sustain its value. Risk management is not to eliminate risk but is to manage it via various approaches.


Risk could result in financial and non-financial losses. Risk management in organizations, therefore, becomes part and parcel of the roles and tasks of everyone in an organization. If risks are properly managed, the elements of corporate governance will also be met. What can happen when risk is not adequately managed? There will be many negative ramifications with losses, fraud and business objectives not met. The bottom line will be organizational chaos and disharmony, leading slowly but surely to winding up of operations and businesses.


AUDIENCE

This program would be of great benefit to Entrepreneurs, Managers and Executives from all business sectors in accounting, banking, business and IT.


(Note: This program is suitable for beginners and intermediate levels)


METHODOLOGY

This stimulating program will maximizes the understanding and learning through lectures, discussions, case studies and practical activities.

UNDERSTANDING RISK MANAGEMENT
  • What Is Risk?
  • Risk Management In Today’s Corporate Environment
  • Risk Management Functions
CORPORATE GOVERNANCE
  • What Is Corporate Governance?
  • 3 Elements Of Corporate Governance
  • The Essence Of Corporate Governance
UNDERSTANDING YOUR BUSINESS POSITION
  • Business Operating Cycle
  • SWOT Analysis
  • Porter’s Model
TYPES OF BUSINESS RISK
  • Macro Level
  • Micro Level
  • Risk Faced By Different Business Sectors
THE FOUR DOMAINS OF RISK
  • Credit Risk
  • Market/Treasury Risk
  • It/Is Risk
  • Operational Risk
MEASUREMENT OF RISKS
  • Why Measure Risk?
  • Quantitative Model
  • Qualitative Approach
RISK MANAGEMENT FRAMEWORK
  • Risk Philosophy/Policy
  • Risk Awareness
  • Risk Evaluation
  • Risk Measurement
  • Risk Control
  • Risk Monitoring & Compliance
  • Risk Reporting
  • Risk Review
RISK MANAGEMENT FUNDAMENTALS
  • Risk Management Policy Vs. Risk Philosophy
  • Risk Awareness & Environment
  • Risk Strategy/Framework, Process & Procedures
  • Human Resource & Training
  • Implementation Of Framework
  • Peer Review, Best Practices & Benchmarking
RISK MITIGATING FACTORS
  • Definition Of Risk Mitigation
  • Credit Risk
  • Operational Risk
  • Market/Treasury Risk
  • IT/IS Risk
TOOLS AND TECHNIQUES TO MANAGE RISK
  • Past Records/Trends
  • Key Risk Indicators
  • Risk Management Triggers
  • Caps, Threshold And Tolerance Limits
  • Parameters Versus Common Sense
  • Address And Treat Risk
  • Management Control/Strategy
  • “A Strap” Method
FAILURE OF RISK MANAGEMENT STRUCTURE AND ITS CONSEQUENCES
  • Inadequate Corporate Governance
  • Financial Losses
  • Non-Financial Losses
  • Regulatory Sanctions

Trainers