Course Description
Managing risk is an inherent part of delivering organizational success today. This course covers the fundamentals of enterprise risk management in a dynamic and interactive learning environment. The course will use the theory and practice of risk management in-line with international standards (ISO 31000) and industry best practice.
The course uses a combination of case studies, practical exercises and current affairs to bring material to life. Our trainers will bring you a wealth of industry expertise. On completion of this course you should have a solid understanding of how effective risk management can benefit your organization.
This course is provided in collaboration with the Institute of Risk Management (IRM), UK. At the completion of this course, candidates are rewarded with IRM Certified.
Aim of the Course
The aim of the course is to introduce participants to enterprise risk management and risk management frameworks, particularly ISO 31000. It provides the tools and techniques to support learners to confidently perform their role. The content is appropriate both for those completely new to the risk management environment as well as those with some experience who want to explore or refresh their knowledge of the subject.
By the completion of this course, students should be able to:
- Discussed and identified what risk management is
- Explored risk management in the context of their organisation and their business objectives
- Explored and used some tools for effective risk assessment
- Discussed and identified actions and their impact in controlling risk
- Identified appropriate methods of monitoring risk, reviewing risk, and communicating with stakeholders
- Understand key risk management terminology and applications in an organizational context
- Identify practical risk management tool kit for immediate use in your role
- Describe risk management and the role it plays in areas of business (operational and support managers
Course Schedule – DAY ( 1 )
Day Time: 9:00am – 4:00 pm
| Session | Topics | Lecturing Time | Activities & Quizzes Time | Total Time |
| 1 | Setting the scene Understanding risk maturityUnderstanding the risks around us | 70 Minutes | 20 Minutes | 1.5 Hours |
| Coffee Break – 15 Minutes | ||||
| 2 | What is Risk? Learn How to define RiskUnderstanding how risk management can be used to both maximize opportunities and minimize threats | 70 Minutes | 20 Minutes | 1.5 Hours |
| Prayer and lunch Break – 30 Min | ||||
| 3 | Understanding the principles and processes of risk management Establishing the attributes of effective risk management Context and Objectives Understanding the purpose and scope of risk management | 70 Minutes | 20 Minutes | 1.5 Hours |
| Coffee Break – 15 Minutes | ||||
| 4 | Establishing the relevant risk framework including roles & responsibilities, policies and appropriate guidanceDevelop an awareness of risk appetite | 70 Minutes | 20 Minutes | 1.5 Hours |
Course Schedule – DAY ( 2 )
Day Time: 9:00am – 4:00 pm
| Session | Topics | Lecturing Time | Activities & Quizzes Time | Total Time |
| 1 | Risk Assessment Gain and Awareness of identification techniquesAssessing risk and selecting appropriate actions and controls using key tools, such as risk registers, risk bow-ties and risk matricesPractically applying risk assessment using case studies to identify and analyze | 70 Minutes | 20 Minutes | 1.5 Hours |
| Coffee Break – 15 Minutes | ||||
| 2 | Risk Action Understanding risk treatment plans and smart actionsRecognizing control effectivenessAwareness of Business resilience | 70 Minutes | 20 Minutes | 1.5 Hours |
| Prayer and lunch Break – 30 Min | ||||
| 3 | Monitoring, Communication and Reporting Techniques to keep the risk management process alive through effective monitoring and reviewingDevelop and appreciation of effective risk reportingHow to effectively communicate risk to all levels of your organizations and to external stakeholders | 70 Minutes | 20 Minutes | 1.5 Hours |
| Coffee Break – 15 Minutes | ||||
| 4 | Course Review & Summary | 70 Minutes | 20 Minutes | 1.5 Hours |
Teaching and Training Strategies
The course will adopt a range of learning and teaching strategies underpinned by the principle of student-centered learning. All participants are required to be actively involved and fully engaged in all aspects of the learning and teaching process. Engagement with fellow participants, both at individual and group levels is encouraged to ensure mutual support and learning from peers. Various learning technologies will be used to facilitate learning and teaching beyond the traditional classroom setting. These technologies should enable participants develop essential online skills as well as opportunities for collaborative and team work and access to global resources and expertise.
The specific learning and teaching methods deployed will vary according to the knowledge domain and context but would, in general, include some or all of the following:
- Face-to-face Lectures
- Seminars
- Case studies
- Multimedia Demonstration
- Class Discussions
- Online distance learning and activities
Methods of Assessments
Assessment will be seamlessly integrated with the learning and teaching activities since assessment is an integral part of learning. The assessment approach will be based on the twin objectives of (a) guiding participants to enhance their performance in the achievement of intended learning outcomes and (b) measuring the extent to which the learning outcomes have been achieved. Assessment activities will thus comprise both formative and summative assessments characterized by detailed and timely feedback, self, peer and group evaluations, and internal and external moderation of summative assessment.
Specific methods will depend on the knowledge domain being assessed but would, in general, include some or all of the following assessment methods:
- Case study analysis
- Assignments
- Projects
- Presentations
- In class activities and quizzes
- In class exams
- Online quizzes and activities