COURSE OBJECTIVES
- Equip Participants with a deeper understanding of current issues and best practices outside their organization pertaining to risk management.
- Expose participants to strategies and techniques of attribute related utility measures
- Allow participants to discuss the drivers of waters risks in Uganda and how to combat them
- Identify what your customers want from your business and deliver a service geared to meeting those customer needs and expectations and evade risk.
- Identify areas for further practice and development in the workplace
FOCAL POINT
- Developing an accurate risk profile, determining risk appetite (how much risk an organization is prepared to take in order to accomplish its objective), systematic evaluation of current risks being taken and their cost implications.
- Identifying the four main types of risks; financial, operational, hazard and environmental and strategic risks.
- Weighing and prioritizing risk; striking the balance in resource allocation between risks with a higher prospects of manifestation but lower liability and vice versa
- Managing risk to ensure strategic goals are met and adopting the ESRM model.
- Creating a risk-awareness culture and transfusing it throughout the organization.
- Considering varying risk categories in relation to commercial value and clientele
- Evaluating the current risk environment both intramural and extraneous developing action plans to mitigate potential risks.
- Carrying out scenario analysis relevant to the potential risks at hand. Testing all possible scenarios that could lead to unfavorable ramifications and implementing corrective measures
- Positive risk management; human dimension of risk
- Risk treatment options; the ACAT model; (Avoid, Control, Accept or Transfer)
- Optimizing risks and reducing the magnitude of risk incurred
- When retaining risk is more viable than reduction or avoidance
- Effective implementation and periodical assessments and updates on risk management frameworks
- Maximizing the benefits of “positive” risks
- Risk/crisis communication; effectively relaying potential risks/crisis to the affected target market
- Risk management in relation to project management; designating a risk officer, sustaining a comprehensive project database that enables periodical updates and building a communication channel that facilitates board members to report potential risks
WHO SHOULD BENEFIT
- Heads Of Department
- Office Management
- General managers
- Directors
- All officers in supervisory roles
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