This Energy “Risk Management, Control, and Compliance” training course will equip you with the skills to tackle one of the most challenging aspects of modern management.
In today's business landscape, evaluating various risk management strategies and selecting the most suitable response is an essential part of managerial responsibility. While it's impossible to eliminate risk altogether, the key is identifying which risks are worth taking and minimizing their negative consequences. This course will teach you how to assess and reduce risk, transform risk into opportunity, and effectively manage uncertainty.
Structured around the ISO 31000:2018 framework, this course will guide you through the principles and processes of risk management. It will also demonstrate how to establish internal control systems and measure risk in terms of both probability and impact, while ensuring adherence to global corporate governance standards.
Key highlights of this Risk Management, Control & Compliance (Corporate Governance) training course include:
- Techniques for identifying, analyzing, evaluating, treating, monitoring, and controlling risks.
- A comprehensive overview of advanced risk management tools and strategies.
- A foundational understanding of risk management's role and significance.
- Procedures for effective risk management in line with ISO 31000:2018.
- Increased confidence in managing risk and implementing internal controls.
Upon completion of this Risk Management, Control & Compliance (Corporate Governance) training course, participants will be able to:
- Grasp the concept of risk management and its practical application within an organization.
- Identify, assess, and manage risks in both strategic and operational areas.
- Develop and implement a robust risk management process.
- Ensure that the organization aligns with evolving corporate governance standards.
- Effectively communicate the key elements of successful risk management to their teams.
This Energy training course uses a range of proven advanced learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises. It will also include case examples of situations in which the course leader has been personally involved. Each session allows you to develop your skills and then to work out now to apply them in your organisation to:
- Increase the effectiveness of your current approach
- Prepare your plans for further development of these important managerial activities
By sending delegates to this Risk Management, Control & Compliance (Corporate Governance) training course, the organization will gain the following advantages:
- Gaining realistic insights into business opportunities.
- Conducting risk-adjusted assessments of potential development ventures.
- Enhancing the feasibility analysis of proposed projects.
- Improving performance in both strategic and operational management.
- Achieving better alignment between program/project objectives and outcomes.
- Ensuring adherence to evolving corporate governance standards.
Upon completing this Risk Management, Control & Compliance (Corporate Governance) training course, delegates will develop the following skills:
- Effectively incorporating risk assessments into decision-making processes.
- Ensuring projects stay on track and meet their objectives and outcomes.
- Applying risk-adjusted evaluations to measure business potential.
- Reducing the risk of failure in high-risk projects.
- Contributing to the continuous enhancement of risk, control, and compliance processes.
- Actively involving team members in identifying and reducing risks.
This Risk Management, Control and Compliance training seminar is potentially of great value to a wide range of managers who are responsible for evaluating issues that affect decisions on risk and the challenges of keeping control of increasingly complex businesses. The following would benefit from this Energy training:
- Strategic and Operational Planners
- Financial Managers
- Human Resource Specialists
- Systems and Process Design Specialists
- Marketing and Commercial Managers
- Internal Auditors
Day One: Understanding Risk Management – Context and Application
- Creating a robust strategy – the foundation of your business
- Understanding the difference between strategic and operational risk
- Risk and uncertainty: the difference between the two terms
- Risk aversion and risk tolerance – project selection and prioristisation
- Using quantitative and qualitative techniques in assessing risk
- The concept of the risk management cycle and how this works
Day Two: Identifying and Evaluating Risk
- The principal drivers of risk in contemporary business
- Assessing most significant categories of risk for business
- Global processes, guidelines and standards in risk assessment
- The relevance of ISO and the professional institutions
- Application of the main tools and techniques in managing risk and uncertainty
- Optimising a risk management process
Day Three: Understanding and Managing Specific Types of Risk (I)
- Strategic risk – deciding on the programme/project mix
- Incorporating risk analysis into business development decisions
- Contingency planning and understanding risk exposure
- Operational risk – coping with variance and divergence from plan
- Managing complexity in contemporary business structures
- Managing risk associated with alliances and joint ventures
Day Four: Understanding and Managing Specific Types of Risk (II)
- Financial risk – capital market dynamics, exchange rate exposure
- Risks associated with different forms of corporate capital structure
- Risks associated with management of cash flow/credit
- Legal risk – the requirements of corporate governance
- Risks associated with intellectual property law
- Product liability/litigation/reputational risk
Day Five: Embedding Risk Management into the Corporate Culture
- Latest developments in the field of risk management
- A structured approach to implementing risk management
- Designing/developing a risk management process for your own organisation
- Implementing and embedding a risk management culture in your organisation