The standard approach to risk management has evolved in recent years, with the use of modern computing power to help us challenge our human-based assumptions, together with concepts such as risk appetite and tolerance to help drive the risk culture we desire within our organisations.
This workshop explores the latest developments in key aspects of risk management required by a senior leader.
- How to challenge your organisation's risk profile: what should you expect from the risk committee meeting?
- What is risk appetite and tolerance: how do you get it to be meaningful within your organisation?
- Building a risk culture: how does this differ from an organisational culture?
- Range of relevant case studies from sectors such as aerospace, construction, charities, governments, natural resources and finance.
||Introduction and scoping
- Understand why different organisations use risk management and what each participant is aiming to achieve through the workshop.
- Quick overview of what the standards, regulations and best practice suggests.
||What am I responsible for?
- Key elements of a risk management framework
- Roles and responsibilities of senior decision makers regarding risk management.
- Signing off on the risk policy – what should it look like?
- Being able to assure shareholders/members that the organisation's risks are being managed.
- Getting risk management to deliver competitive advantage (rather than just compliance).
||What's in a risk profile?
- Examples of good practice risk profiles and risk reports from across a range of sectors.
- How to challenge your organisation's risk profile.
- How to optimise your risk committee meeting to ensure it generates value for your organisation.
||Appetite and tolerance
- What is risk appetite and tolerance?
- Case studies of where risk appetite and tolerance is used well… and not so well.
- What is risk criteria?
- Case studies of where risk criteria is used well... and not so well.
- How to optimise our own risk appetite, tolerance and criteria + keep it up to date.
- What is culture and why do we need it?
- Building a risk culture.
- How does this differ from organisational culture?
- Listening to your organisation.
- Balancing external versus internal risks and drivers.
||Balancing your values versus objectives
- Knowing when a hard stop really is a hard stop.
- Case studies and examples from those who have got it right... and wrong.
- How can we enhance risk management within our own organisation?
Next steps and starting now.
Each delegate will receive a complimentary hour of consulting time with Dr Sarah Gordon, who will be facilitating this workshop.
Your complimentary hour of consulting can be used to undertake a diagnostic of the approach to risk management undertaken by your organisation, or to dive into more detail on an area of risk management you'd like to know more about. This time can be scheduled either directly before/after the workshop or at a time of your choosing.