Operational Risk Management

Description

Risk management is essential for the success of every business as it helps identify, assess and manage financial problems under any condition. This course will teach you how to identify business and operational risks and improve your management skills. In addition, you will understand why there is a need for risk management tools as well as the main steps of risk management that every business professional should know.

Next, you will learn how to make key business decisions, including analyzing risks involved in handling all activities required in creating and delivering an organization's goods or services to its customers on a day-to-day basis effectively and efficiently. The course will enable you to develop the strategic thinking ability required to achieve operational excellence and the necessary methodology to lead operational innovation. You'll be able to integrate effective operational routines into any organizational culture.

By the end of the course, you will understand how to build an operational risk management program using various frameworks, standards and strategies. You will become better equipped with the theory and practice of risk management and the results expected from a successful risk management process. As a result, business managers, corporate executives, project management practitioners, risk managers, operations planners and individuals who wish to learn or improve their risk and operations management knowledge can benefit from this course. So wait no more to enroll in this course and improve your risk management skills.

What You Will Learn!

• Outline an operational risk assessment program
• List tools and techniques in identifying operational risks in an organization
• Describe the various risk management processes and approaches
• Discuss the risk management process using various frameworks and strategies
• Distinguish between the various risk management standards and their applications in risk assessment
• Summarize the various terms associated with risk management
• Identify the limitations of risk management
• Evaluate risk assessment effectiveness through risk audit
• Define the concept of Enterprise Risk Management (ERM)
• Explain the different ERM frameworks and components
• Compare several ways and alternatives to implementing the ERM framework
• Select ERM teams for effective risk analysis

Who Should Attend!

• Business managers,
• Corporate executives,
• Project management practitioners,
• Risk managers,
• Operations planners,
• Individuals who wish to learn or improve their risk and operations management knowledge

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